Russia expects economic growth in a year
The Central Bank of Russia in Moscow. Economic officials at the Kremlin said growth won’t return to Russia at least for another year, though the downturn is becoming less severe. Continue Reading
Ruble Set for Longest Streak of Declines Since December on Fed
The ruble fell for a fifth day with oil, set for the worst streak of losses this year, as investors cut their holdings of riskier emerging-market assets on mounting speculation Continue Reading
Turkish-Russian Relations Worsen As Turkish Helicopter Is Downed
Kurdish Militant The “game-changing” downing of a Turkish attack helicopter by Kurdish rebels with a Russian-made missile could further intensify still simmering hostilities between Ankara and Moscow. Coming nearly six Continue Reading
Ruble Set for Longest Losses Since February as Citi Sees Risks
The ruble declined for a fourth day, poised for the longest losing streak since February, as oil retreated and Citigroup Inc. cautioned the Russian currency could depreciate further against a Continue Reading
Gazprom trimming plans for eastward pipeline
Russian energy company Gazprom said Thursday it was trimming its construction plans on a natural gas pipeline to the Far East in order to save capital. With a European economy Continue Reading
Gazprom confident Nord Stream II will get built
Despite regional reservations, Russia’s Gazprom said expanding a Baltic Sea gas pipeline would add another layer of reliability for European energy markets. Gazprom said it gathered the relevant parties in Continue Reading
Russia Remains Determined To Stop Israel-Turkey Pipeline Deal
It has been six years since the Israeli raid on the Mavi Marmara ship that was aiming to reach the Gaza coast in May 2010. In the wake of the Continue Reading
Russia Learns to Live After Crash as Post-Oil Path Takes Shape
Call it a stealth overhaul. With none of the fanfare that greeted Saudi Arabia’s plan for the post-oil era, the Russian economy is quietly getting its biggest makeover under President Continue Reading
CNPC to Start Laying Second China-Russia Oil Pipeline in June
China National Petroleum Corp., the country’s biggest oil and gas producer, will start laying a second domestic oil pipeline in June to allow for increased Russian crude supplies to flow Continue Reading
No call to sit with OPEC in June, Russia says
There’s been no invitation extended to the Russian government to attend next month’s summit of members of OPEC, Russia’s energy minister said. Russian Energy Minister Alexander Novak said cooperation with Continue Reading