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  • Japan, Russia discuss joint economic cooperation on Kuril Islands

    Moscow and Tokyo are currently holding consultations on a joint economic activity on the southern Kuril Islands in five areas

    Representatives of Japan and Russia held another round of talks on joint economic activity on the Southern Kuril Islands, with the focus on a framework aimed at facilitating the implementation of bilateral projects, the Japanese Foreign Ministry told TASS after the consultations.

  • Russian Central Bank has instruments to withstand external shocks — head

    Head of the Russian Central Bank Elvira Nabiullina said the Central Bank proceeds in its forecasts from the assumption that sanctions will remain

    Russia's Central Bank has necessary financial instruments to withstand external shocks, the bank's head Elvira Nabiullina said on the sidelines of the annual meeting of the International Monetary Fund and the World Bank in Washington.

  • North Korea interested in buying Russian passenger planes - Russian senior MP

    Pyongyang seeks to boost flight safety, deputy speaker of the Russian State Duma Sergei Neverov noted

    North Korea is interested in buying new Russian civil aircraft to boost flight safety, Sergei Neverov, a deputy speaker of the Russian State Duma lower parliament house, who leads a Russian parliamentary delegation visiting Pyongyang, told TASS on Sunday.

  • Rusal, Braidy Industries to build US aluminium rolling mill for automotive industry

    The rolling mill’s annual design capacity will be 500,000 tonnes of hot rolled band and 300,000 tonnes of fully finished cold rolled products

    Russia’s aluminum giant Rusal and US holding company Braidy Industries Inc. plan to fulfill a joint project on producing flat rolled aluminium products for the US automotive industry in Ashland, Kentucky, Rusal’s press service said on Monday.

  • Russia to invest $11.4 bln in Northern Sea Route until 2024

    According to head Rosatom, Alexey Likhachev companies implementing projects in the Arctic region will invest in the development of the port and the nearby infrastructure

    Russia will invest 735 bln rubles ($11.4 bln) in the Northern Sea Route until 2024, head of Russian nuclear corporation Rosatom, Alexey Likhachev said in an interview with TASS at the International Arctic Forum.

    He added that budget funds will account for one third of this amount.

  • Macroeconomic situation in Russia is healthy, says IMF

    Christine Lagarde still thinks, however, that more deep and structural reforms are needed

    The macroeconomic situation in Russia is healthy but the country needs to proceed with structural reforms to unlock the potential for economic growth, IMF Managing Director Christine Lagarde said at a press conference on Thursday.

  • Rare emerald over 1 kg to be put up for auction in Russia

    Seven out of ten emeralds recognized as the best in the world come from the Urals

  • Swedish companies eye joint Arctic projects with Russia

    Russia's St. Petersburg is hosting the International Arctic Forum - Arctic: Territory of Dialogue

  • Norilsk Nickel, Russian Platinum ready to invest $3.8 bln in Arctic Palladium project

    The project will create about 8,000 jobs in the north of the region

  • Iconic Praga restaurant building in Moscow sold for $22 mln

    The initial price was set at 1.78 billion rubles ($27.7 million)

    The building of the Praga restaurant, one of Moscow’s oldest and most luxurious restaurants, has been sold for 1.4 billion rubles ($22 mln), according to the New Information Services (NIS) online auction.

  • Putin assures sanctions will not interfere with Russia's plans for Arctic development

    Russia's future does not depend on sanctions, said Vladimir Putin

    including national projects, Russian President Vladimir Putin said at the full-scale meeting of the International Arctic Forum on Tuesday.

  • President Putin invites Swedish entrepreneurs to SPIEF-2019

    President Putin also noted the importance of cooperation between Russia and Sweden in the Arctic

    Russian President Vladimir Putin invited Swedish entrepreneurs to the St. Petersburg International Economic Forum, at a meeting with Swedish Prime Minister Stefan Lofven on Wednesday.

    "We hope to see Swedish representatives at the next St. Petersburg Economic Forum," President Putin said.

  • Central Bank assesses economic situation in Russia as close to equilibrium

    Earlier, Finance Minister Anton Siluanov said that the growth rate of the Russian economy in 2019 could exceed 1.3%

  • Putin: Russian national projects open up good prospects for Turkish business

    Putin invited Turkish businessmen to take part in the St. Petersburg International Economic Forum

    Russia’s national projects will open up big prospects for foreign investments, including Turkish business, Russian President Vladimir Putin said at a joint meeting with Turkish President Recep Tayyip Erdogan and representatives of the business circles of the two countries.

  • Putin: Russia remains reliable gas supplier for Turkey, unlike other Ankara’s partners

    Russia remains a reliable gas supplier for Turkey, President Vladimir Putin told a press conference following the talks with his Turkish counterpart Recep Tayyip Erdogan on Monday.

    "Turkey has many contracts in the area of gas supplies, with far from everyone fulfilling their contractual commitments," he said, adding that "Russia stably fulfills (them), both regarding volumes and prices."

  • Russia and Turkey to abolish entry visas for professional drivers

    The two states are planning to continue work on visa regime liberalization

    Russia and Turkey will take further steps to liberalize visa requirements and finally abolish entry visas for professional drivers, Russian President Vladimir Putin said on Monday after talks with his visiting Turkish counterpart, Recep Tayyip Erdogan.

  • WTO rules in Russia’s favor in dispute with Ukraine over transit of goods

    Russia had grounds for imposing restrictions on Ukrainian cargo transit through Russian territory, the World Trade Organization (WTO) Dispute Settlement Body decided, according to the report published on Friday.

  • Russia, Egypt make progress in resuming full-format air traffic — Lavrov

    Moscow and Cairo have achieved some progress in resuming the full-format air traffic between Russia and Egypt, Russia’s Foreign Minister Sergey Lavrov said in an interview with Egypt’s Al Ahram newspaper published on Saturday.

    Lavrov, who is visiting Egypt on Saturday, said that during the upcoming meeting with Egyptian Foreign Minsiter Sameh Shoukry he was set to discuss plans of boosting bilateral trade and economic cooperation.

  • Russia, Turkey to create joint investment fund for 900 mln euro

    Russia and Turkey will create a joint investment fund for 900 mln euro, Head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev told reporters.

    "Today we will announce that we have finally created a Russian-Turkish investment fund. We worked on it for a long time and, there was a lot of discussion, and finally we created it. It is 900 mln euro. And we see that it will be extremely important to revitalize the Russian-Turkish investment," he said.

  • Hong Kong International Arbitration Center approved to expand to Russia

    The Hong Kong International Arbitration Center has been approved to establish a permanent office in Russia, Russian Deputy Minister of Justice Denis Novak told reporters after a session of the arbitration council.

  • Armenia wants to move to five-year gas price agreement with Gazprom

    Armenian Ministry of Energy Infrastructures and Natural Resources considers it expedient to switch to a five-year agreement on the price of gas with Gazprom instead of the practice of setting the price of gas annually, said the head of the ministry’s foreign relations department Tigran Melkonyan at a meeting of the intergovernmental commission on economic cooperation between the Russian Federation and Armenia on Wednesday.

  • Sheremetyevo Airport serves passengers with electronic boarding passes on domestic flights

    To date, passenger service with electronic boarding passes is introduced at Domodedovo and some regional airports

    The Sheremetyevo International Airport introduced a system of using electronic boarding passes on domestic flights, the airport press service said in a statement on Thursday.

  • Transferring PDVSA office to Moscow under work — Venezuela's vice president

    Moving the office of Petroleos de Venezuela oil company (PDVSA) from Portugal to Russia is currently being worked out and is proceeding as planned, Venezuelan Vice-President for Planning Ricardo Menendez told reporters.

    "Transferring the PDVSA office testifies to the strategic nature of our relations in the energy sector. The procedure is progressing normally," he said.

  • Peskov calls positive Mercedes-Benz expansion on Russian market while competitors leave

    Presidential spokesperson Dmitry Peskov called the desire of foreign industrial companies, in particular, Mercedes-Benz to occupy the niches in the Russian market that were freed up after competitors left - a positive factor.

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