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Russian economy

Sanctioned Rotenberg brothers stop Gazprom pipeline sales
Russian businessmen Arkady and Boris Rotenberg, who were hit with US sanctions after Crimea joined Russia, will stop selling pipelines to Gazprom, the country’s largest gas producer.

23.04.2014 07:45

Sanctions will make Russia stronger - Medvedev
Western-led sanctions will not deliver a fatal blow to Russia’s economy and may actually bring benefits, Prime Minister Dmitry Medvedev said Tuesday, adding Russians won’t be caught in the political crossfire in Ukraine.

22.04.2014 12:14

Putin proposes setting up gambling zone in Crimea
Russian president Vladimir Putin has submitted a draft law to the State Duma to establish a gambling zone in Crimea, the fifth in the Russian Federation.

21.04.2014 11:47

Shell tells Putin gas project not derailed by Ukraine
Royal Dutch Shell’s new CEO Ben Van Beurden met with Russian President Vladimir Putin on Friday, signaling Ukraine tension has not affected investment in Russia, and that energy contracts won't be derailed by international politics.

18.04.2014 13:31

Mega oil field discovered in southern Russia
A new oil field with roughly 300 million tons of oil and 90 billion cubic meters of gas has been discovered in the Astrakhan region of Russia.

16.04.2014 14:41

Ukraine backlash could result in 0% Russia GDP growth
Escalating violence in Eastern Ukraine could be a blow to Russia’s economy, with 0 percent growth a possibility according to the Russian Finance Minister Anton Siluanov.

16.04.2014 08:12

Ukrainian banks quit Crimea
Banks are packing up and leaving Crimea as Kiev prepares sanctions against Ukrainian companies operating on the Black Sea peninsula.

15.04.2014 07:01

De-invest from the West: Russia urges companies to return assets to the motherland
As the US and Europe escalate talks of sanctions, Russia is recommending companies unregister abroad and bring their shares to the Moscow Exchange to protect from possible future sanctions and provide economic security.

09.04.2014 10:29

​Stable to Negative: S&P, Fitch cut Russia’s rating on sanction fears
Both US-based rating agencies Fitch and S&P downgraded the outlook on Russia's long-term foreign and local currency ratings to negative from stable, referring to the potential impact of US and EU sanctions on the economy.

21.03.2014 10:25

EU sanctions are ‘stupid’ and will ‘sabotage’ the West – Rosneft spokesperson
​A list has surfaced containing the names of more than 100 Russian businessmen and politicians allegedly targeted for EU economic sanctions. German newspaper Bild reported Igor Sechin, CEO of the world’s largest-listed oil company is on the list.

14.03.2014 14:38

Gazprom doesn’t want ‘gas crisis’ – CEO
Russia’s biggest gas producer Gazprom said Thursday it doesn’t want a "gas crisis", and hopes Ukraine can pay its outstanding $1.8 billion debt.

13.03.2014 14:10

Moscow won't exclude sanctions to counter US and EU - Ministry
Russia is ready to retaliate with counter sanctions against the EU and US if they go ahead with economic measures against Russia over tension in Crimea, the Russian Economic Ministry has said.

13.03.2014 10:18

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