Russia’s Rosneft to increase 2016 investments
The head of Russian oil company Rosneft told the president that investments for the year will be 30 percent higher despite the pressure from low oil prices. Russian President Vladimir Continue Reading
Russian Bond Skeptics Surface in Worst Week Since Oil Collapse
Bank of Russia’s unexpectedly hawkish turn at its last rate meeting and the slump in oil prices are casting a shadow over the third-biggest bond rally in emerging markets. Bonds Continue Reading
Ruble Gains for Second Day as Tax Demand Eclipses Lower Crude
Russia’s ruble climbed for a second day as local companies bought the currency to meet tax payments, negating the impact of weaker oil prices. The currency of the world’s biggest Continue Reading
Russia and US pledge renewed effort for Syria peace
Russia and the US pledged on Thursday to push for a faster political resolution to the Syrian crisis and broaden their efforts to secure a continuation of a month-old ceasefire. It was Continue Reading
Giant arch to block Chernobyl radiation for next 100 years
A general view shows a containment shelter for the damaged fourth reactor (R) and the New Safe Confinement (NSC) structure (L) at the Chernobyl Nuclear Power Plant, Ukraine, March 23, Continue Reading
Russia, Light on Cash, Weighs Risks of a Heavy Tax on Oil Giants
What’s Behind the Drop? Simple Economics The oil industry, with its history of booms and busts, is in a new downturn. OPEN Multimedia Feature There is little doubt that Russia Continue Reading
Ruble Gains to Strongest Since December as Brent Crude Rebounds
Russia’s ruble rose with oil, reversing earlier declines triggered by deadly attacks in Brussels at the main airport and a subway station. The ruble strengthened 0.8 percent to 67.286 per Continue Reading
Russia pulls 10 millionth barrel of oil from Arctic north
Russian oil company Gazprom Neft said it reached a milestone with production at its Arctic Prirazlomnoye field with its 10 millionth barrel of oil. “The 10-millionth barrel of oil is Continue Reading
Rosneft’s $25 billion debt seen rising after Essar deal: Moody’s
The logo of the Russian state oil company Rosneft is pictured behind a pipe at the Samotlor oil field outside the West Siberian city of Nizhnevartovsk, Russia, January 26, 2016. Continue Reading
Russian Poverty Jumps to Most in Decade as Consumer Plight Eases
Russia’s biggest drop in domestic demand under President Vladimir Putin eased further, marking a respite after millions sank into poverty in 2015 as the country’s economy headed for its second Continue Reading