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Russian economy

Ufa ready to host BRICS and SCO summits - republic's head to RT
Russia’s Bashkortostan is ready to host the 7th BRICS summit and the Shanghai Cooperation Organization (SCO) summit in the capital Ufa, the republic's president Rustem Khamitov told RT. It’s hoped the events will bring the region to a new level, he said.

25.06.2015 12:06

​Russia should consider interests of Hungary, Greece & Cyprus in countermeasures - Upper House chair
Russia should take into account the position of EU countries that have actively opposed the policy of Western sanctions when preparing a reciprocal response, says Russian Federation Council Speaker Valentina Matvienko.

24.06.2015 12:37

​Sanctions create favorable conditions for Russian industry – trade minister
The sanctions have multiple advantages for Russia, as they motivate companies to turn to domestically produced goods and boost the economy, Russian Industry and Trade Minister Denis Manturov told RT.

23.06.2015 10:32

‘Lifting anti-Russia sanctions now would be politically embarrassing for EU’
The situation with the sanctions won’t escalate as Russia wants to keep a way open for political dialogue with the EU, said Alexander Mercouris, International Affairs Editor at Russia Insider, adding that Brussels’ policy is “wrong” and “failing”.

23.06.2015 11:11

Russia considers banning chocolate and flowers from EU - food safety watchdog
After Monday’s extension of EU sanctions, Russia wants to prolong and expand its food embargo. This may include flowers and chocolate, said Russian food watchdog spokesman Aleksey Alekseenko in an interview with

23.06.2015 07:34

Russia, Greece sign €2bn deal on Turkish Stream gas pipeline
Russia and Greece have signed a deal to create a joint enterprise for construction of the Turkish Stream pipeline across Greek territory, Russian Energy Minister Aleksandr Novak said. The pipeline will have a capacity of 47 billion cubic meters a year.

19.06.2015 07:42

‘EU spoiling mood of St Pete Economic Forum’
The European decision to freeze Russian assets is a way of putting on pressure, trying to spoil the mood at the St Pete Economic forum; a reminder the EU is in conflict with Russia, says Alexander Mercouris, International Affairs Editor of Russia Insider.

18.06.2015 15:18

Ex-Russian finance minister Kudrin suggests early presidential elections to speed up reforms
Russia’s former finance minister, Aleksey Kudrin, has proposed an early presidential election to provide a mandate for much-needed economic reforms.

18.06.2015 14:04

Russia to construct new gas pipeline to Germany via Baltic Sea – Gazprom
Gazprom is planning to construct two threads of a new gas pipeline with a capacity of 55 billion cubic meters per year. Shell, E.On and OMV have been invited to participate, said the company. This could double direct supplies of Russian gas to Europe.

18.06.2015 11:35

2015 St. Petersburg International Economic Forum
The 19th St. Petersburg International Economic Forum is underway. Despite sanctions, more than 7,000 guests and 1,000 international companies are represented, among them the heads of BP, Royal Dutch Shell and Total. RT will keep you updated.

17.06.2015 14:08

​Russia’s Gazprom and China’s CNPC to exclude dollar from gas settlements
Russia and China expect to use the ruble and yuan in payments for gas supplied using the western Altay pipeline. When it and the eastern Power of Siberia pipeline is open Beijing will become the biggest consumer of Russian gas.

16.06.2015 11:08

​Russia cuts US debt holding by more than 40% over year
Russia held US Treasury bills worth $66.5 billion as of April this year, according to the latest monthly report from the US Treasury. That compares with the $116.4 billion held a year ago.

16.06.2015 07:00