Russian economy clings to growth next year, but faces medium-term risks because of weaker crude oil prices, the International Monetary Fund said. Photo by Denis Larkin/Shutterstock WASHINGTON, July 14 (UPI) Continue Reading
With Russian oil output lower in the second quarter, the country’s prime minister said there are still negative pressures building on the economy. Russian Prime Minister Dmitry Medvedev said there Continue Reading
Privatization of Russian oil production and maritime shipping companies could be completed before the end of the year, a deputy minister said Monday. The Kremlin has been reviewing privatization options Continue Reading
Finance Ministry said to consider zero oil-export tax in 2018 Move would eliminate duty-free oil benefits for Belarus Vladimir Putin’s government is considering shifting the burden of oil taxes from Continue Reading
Stronger ruble hampers economic rebound as recession persists Government says growth will resume next year as oil stabilizes Russia is finding the flip side of a flexible currency less and Continue Reading
Cabinet may drain one wealth fund, tap another, officials say Finance Ministry proposal calls for greater domestic borrowing Russia won’t spare one of its two sovereign wealth funds and plans Continue Reading
Putin Sechin Russia is on track to set a new record in crude oil exports this year, and Iran is boosting exports to Europe, intensifying competition on the continent, which Continue Reading
The US holds more oil reserves than Saudi Arabia and Russia, the first time it has surpassed those held by the world’s biggest exporting nations, according to a new study. Rystad Continue Reading
Exports rose 4.9% in six months to 5.55 million barrels a day Iran also boosts supplied to region after sanctions lifted Russian crude exports are on track to set a Continue Reading
Meetings between Russia and the secretary general of OPEC will resume after Aug. 1 after Mohammed Barkindo, the new head of the global oil cartel, officially takes his post, a Continue Reading
