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Under Construction: BRICS the stage to build multi-polar world
The BRICS, the group of fast-growing emerging markets, are to meet for the first time on African soil in the South African city of Durban. At their fifth summit, they are to discuss the setup of a development bank to overhaul the global financial system.

26.03.2013 03:06

China to become Russia's biggest oil client
The desire for Russia and China to boost trading ties is making China Russia’s priority market, as European demand for Russian oil decreases. Russian state-owned oil major Rosneft is tripling supplies to China to 1 million barrels a day. 

22.03.2013 12:51

China to ship up to 15% of trade through the Arctic
A Chinese shipping company is planning the state’s first commercial voyage though the Nothern Sea Route to the United States and Europe in 2013. By 2020 China could transfer up to 15% of the country's international trade through the Arctic.

18.03.2013 12:18

EU threatens Russia with WTO dispute
The European Commission has accused Russia of protectionism and threatened to forward the complaint to the World Trade Organization.  

15.03.2013 10:36

PayPal to get stronger Russian stand
Global money transfer service PayPal aims to soon be fully operational in Russia. The e-commerce giant filed an application to the Russian Central Bank to register for a Non-Credit Banking Institution license, which will end transaction limitations.

14.03.2013 10:08

Georgian PM vows to strengthen ties with Russia, US
Georgian Prime Minister Bidzina Ivanishvili has announced that he intends to restore good relations with both Russia and the United States, though such an effort might take some time.

14.03.2013 12:44

‘Ravings of political terrorist’: Georgian businessmen apologize for Saakashvili outburst
The Russian-Georgian Center of Economic Development has expressed hope that Georgian wine will soon return to Russian markets and advised to pay no attention to protests voiced by President Saakashvili.

05.03.2013 11:45

Wall Street 2012 bonuses rise 8% to $20 billion
Bank downsizing has shrunk the Wall Street workforce, but the remaining bankers are receiving more lucrative year-end bonuses, according to report issued by the New York State comptroller on Tuesday.

February 27, 2013 11:56

Kazakhstan route could see Rosneft increase oil sales to China
Rosneft may increase oil supplies to China by over 9 million metric tonnes, according to Deputy Prime Minister Arkady Dvorkovich. Most of it may reportedly be delivered to China through Kazakhstan.

February 26, 2013 13:36

Dark horse: Russia considering European beef ban over meat scandal
Meat products from Europe may be banned in Russia following the news of unsanitary horseflesh being sold under the guise of beef in several EU states.

February 22, 2013 15:08

Russia writes off Soviet-era Cuban debt, leases airplanes
Russia will partially write off Cuba’s $30 billion Soviet-era debt and lease eight jets worth $650 million. The new agreements were signed during Russian Prime Minister Dmitry Medvedev's visit to Cuba’s capital, Havana.

February 22, 2013 09:42

Market Buzz: Oiling the floors
There is still hope that Russian stocks will be positive on Friday thanks to oil prices which are returning to growth. That’s after Thursday trading session ended in significant drops of the world’s main stocks.

February 22, 2013 05:30

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