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Economy and Business

14.10 11:12 Gazprom to sign new contracts to supply gas to Belarus

A meeting of Chairman of the Board of JSC Gazprom, Alexei Miller, Deputy Prime Minister of Belarus, Sergei Rumas, and Energy Minister of Belarus, Alexander Ozerets, has taken place at the central office of Gazprom, says the official press release of the state corporation.

07.10 17:19 Georgia and Russia hold talks on WTO

Representatives of Russia and Georgia are going to meet today in Washington to discuss the agreement, which appears to be supported by the United States, on monitoring their border regions, aimed at overcoming Tbilisi’s resistance to Russia joining WTO, writes The Financial Times.

26.09 10:40 Russia and Ukraine make progress at gas transit talks

Ukrainian President Viktor Yanukovych has held meetings with Dmitry Medvedev and Vladimir Putin on the gas issue in Moscow.

09.09 11:00 Libya to stop buying arms from Russia

According to the head of the Transitional National Council of Libya (PNC), Mustafa Abdel Jalil, Libya is no longer going to purchase Russian weapons.

08.09 18:02 Moscow to axe Black Sea Fleet funding

The Moscow authorities decided to stop funding the Black Sea Fleet based in Sevastopol. This City Hall’s decision was approved by the Moscow City Duma.

08.09 17:12 Gazprom to extract gas in Kyrgyzstan

On September 7, 2011, the delegation of Gazprom led by Chairman of the Board, Alexey Miller, paid a working visit to the Kyrgyz Republic. During the visit, as stated in the press release, Alexey Miller met with the Prime Minister of the Kyrgyz Republic, Almazbeck Atambayev.

06.09 18:20 Gazprom begins to fill Nord Stream with gas

On Tuesday, Gazprom began pumping natural gas into the first leg of the Russian-German offshore pipeline Nord Stream.

02.09 17:19 Moscow airports face fuel shortage

A jet fuel shortage is looming over the Moscow airports. The situation is so critical that already on September 5, the airport officials will simply have nothing to fill the planes with. In the near future, Rosaviatsia (Federal Air Transport Agency) intends to request Rosrezerv (Federal State Reserve Agency) to provide the metropolitan airports with 180 thousand tons of fuel. Besides, the Agency is going to contact oil companies with a request to increase the supply of fuel by 10 percent.

09.08 18:08 Stock market and ruble plunge on Russian stock exchange

Following the U.S. financial rating downgrading, the trading on Russian exchanges on Monday led to a drop of the MICEX index to the level of 1,540 points, and the trading closing saw the index reach as low as 1499.8 points, down 5.5%.

01.08 11:31 North Caucasus has to tame its appetite

The North Caucasus Development Program, under which the region should have received 2.7 trillion rubles from the public treasury by 2025, was not supported by the Ministry of Finance and Economic Development of Russia. The draft of the state program of Development of the North Caucasus Federal District until 2025 will now be introduced to the Government with the amendments and comments of relevant ministries. A senior Finance Ministry official called such costs "unrealistic".

Сюжеты

Russia and Belarus initiate gas conflict

Natural gas produced in Russia seems once again to be moving from the level of vital fuel to the level of instrument of pressure. ...

Exports of grain from Russia suspended

Grain prices in recent years have been growing around the world, which is indicated by the most recent to date information of the ...

Статьи

15.02 15:55 Terrorist attack at airport blows up airfare

Strengthening security at airports can significantly affect the cost of flights and, consequently, airfare... According to a recent decree of the Ministry of Transport, from now on, Rosaviatsia (Federal Air Transport Agency), while admitting the airlines to charter routes, should be guided by the capacity of airports. In order not to create long lines at the frames of the metal detectors and not to oversaturate the airports, it has been decided to cut down some routes. For passengers, improved safety is sure to backfire with a loss of not only time, but money as well. Carriers, who will have to part with charters, will most likely want to compensate the losses by incorporating them into the price of tickets on scheduled flights.

29.12 15:59 Russian women paid less than men

The phrase once said by Lenin, "every kitchen maid will be able to govern the country”, is now particularly opportune. And that’s not because the head of state is a mediocrity. No! Quoting Lenin, the emphasis has always been placed on the word "kitchen maid". It is widely believed that the leader of the proletariat commented negatively on women whom he never imagined in the role of rulers and saw no future prospects to change his views anyway. It might be symbolic, however, that his words were precisely about ‘kitchen maids’, not ‘janitors’...

01.12 12:54 Catastrophic traffic jams in Moscow

I can not help admiring these amazing creatures, people... Every day, cursing the traffic jams, they keep creating them. Apparently misunderstanding the causes of congestion, or not willing to understand them, people spend hours in cars. But the time spent in the car could have been spent on far more useful things!

21.10 13:46 Motorists will have to pay for entry into downtown Moscow

No matter how long we have talked about traffic jams, no matter how many times we have tried to resolve this problem, the issue remains open ... Back in 2007, then Mayor of Moscow Yuri Luzhkov proposed to relieve the streets by introducing fees for entry into the city center. At one time, this idea was supported by the Ministry of Transport, which proposed to curb the movement of private vehicles not only in Moscow, but also in other cities with populations exceeding one million.

Видео

26.09 10:40 Russia and Ukraine make progress at gas transit talks

Ukrainian President Viktor Yanukovych has held meetings with Dmitry Medvedev and Vladimir Putin on the gas issue in Moscow.

09.08 18:08 Stock market and ruble plunge on Russian stock exchange

Following the U.S. financial rating downgrading, the trading on Russian exchanges on Monday led to a drop of the MICEX index to the level of 1,540 points, and the trading closing saw the index reach as low as 1499.8 points, down 5.5%.

28.06 12:35 Russia cuts off power supply to Belar

Electricity in Belarus is going to be unplugged due to delayed debt payments at midnight on June 29. The payment, which was expected at the appointed time – 8:30 am today – did not arrive.

27.06 15:33 Russia to suspend power supply to Belarus at midnight on June 28

This is going to happen if the electricity debt is not paid today, said the Inter RAO Company and set the suspension deadline: midnight, June 28.

20.05 12:14 Experts: oil prices are ready to return to pre-crisis level

The Brent crude oil prices are prognosticated to stay in the range of $110-130 per barrel until the end of the year. However, surges up to $135-145 per barrel cannot be excluded. Such a forecast was made by the Forex Club analysts in Ukraine.

27.04 15:35 Gasoline crisis audits begin in Russia’s regions

Yesterday, the Federal Antimonopoly Service (FAS) filed a lawsuit on the grounds of the conspiracy to create a monopoly in fuel prices between the companies OAO NK Rosneft-Altainefteproduct and OAO Gazprom Neft-Altai.

21.03 15:53 Rise in Russia’s hydro rates not to exceed 15% in 2011

On January 1, 2011, the Federal Tariff Service of Russia put new caps on electricity prices for the population for each region. The maximum tariffs for Moscow and St. Petersburg have increased by 10%, for the Moscow region – by 15%.

30.12 13:04 Two Mistrals to cost Russia at least €1.3 billion

According to the news agency RIA Novosti quoting a source close to the negotiations, Russia is going to pay €720 million for the first ship of the Mistral class to be built in France by a consortium consisting of the French company DCNS and the Russian United Shipbuilding Corporation (USC).

13.12 16:37 High-speed express train Allegro launched between St. Petersburg and Helsinki

On December 12, a high-speed railroad service opened between Russia and Finland. The new train Allegro, manufactured by the French company Alstom, will do the route Saint-Petersburg - Helsinki in 3.5 hours, instead of the previous 6 hours 18 minutes.

03.11 14:54 FAS to oblige banks to disclose full retail loan rate in advertising

Russian Federal Antimonopoly Service will shortly require banks to disclose the effective rate of retail loans in advertisements. The relevant amendments to the bill had already been sent for review, said on Tuesday the Head of the FAS Department for Control over Financial Markets, Julia Bondareva.