Search Results for: Russia's
Russia Confirms Tax Rate Freeze
June 29th, 2015
Affirming commitments made last year, Russia’s President, Vladimir Putin, has stated that tax rates will be frozen for the next four years. Putin has indicated that he wants to offer greater support to new and growing businesses. He stated ...
Russia Beats Saudi Arabia to Become China’s Top Oil Supplier
June 24th, 2015
Russia surpassed Saudi Arabia to become China‘s top oil supplier in May, news agency Bloomberg reported Tuesday, underlining the Kremlin’s efforts to boost ties with Beijing amid frosty relations with the West over the Ukraine crisis. Russian exports accounted for one-third of all China’s oil imports in May, ...
Gazprom building global alliance with expanded Shell
June 23rd, 2015
Gazprom is building a global strategic alliance with energy major Royal Dutch Shell that will include asset swaps and allow the Russian gas giant to penetrate new markets, its chief executive told Reuters. Gazprom, the world’s top gas producer, ...
Could Russia afford to bail out Greece and what would that mean?
June 22nd, 2015
There are deep cultural and historical ties between Greece and Russia. In terms of religion, the majority faith in both countries is Eastern Orthodox. And Russia has a track record of standing up for Greece, like it did during ...
Russia Increasing Gold Reserves as a Hedge Against Political Uncertainty
May 27th, 2015
Russia is increasing its gold holdings because gold is a reserve asset that is free from legal and political risks, a senior central banker said on Tuesday. The comments by Dmitry Tulin, who manages monetary policy at the Central Bank, reflect Russian fears that the country’s overseas assets ...
Bank of Russia Buys Another $200 Million for Forex Reserves
May 25th, 2015
The Bank of Russia continued to intervene in the foreign exchange market last week after it bought another $ 200 million, the bank said on Monday. The central bank–which reports its currency market activities with a two-day lag–made the ...
Moscow Exchange announces 1Q 2015 results
May 14th, 2015
Moscow Exchange (MOEX) today announces its financial results for the first quarter (1Q) 2015 according to International Financial Reporting Standards (IFRS). Strong earnings growth was driven by fees and commissions generated by Money Market and Depository and Settlement Services, as well as higher net ...
Bank of Russia Opposes Forex Restrictions
April 28th, 2015
The Bank of Russia said late Monday that it opposes any restrictions on using foreign currencies in Russia, addressing earlier calls from the country’s security council. The inter-agencies commission of the Security Council of Russia had told the central ...
Putin Says Russian Economy Could Return to Growth in 2 Years
April 16th, 2015
President Vladimir Putin said Thursday that Russia’s economy could return to growth in less than two years, even though he considers it unlikely that the West will lift economic sanctions over the Ukraine crisis soon. In a televised call-in ...
EU’s Energy Chief on the Hunt for Non-Russian Gas
April 15th, 2015
EU officials are holding talks with a range of non-Russian suppliers and one day could buy gas from Iran, Europe’s climate and energy chief has said, setting aside a Gazprom warning that Europe should not block its gas strategy. Russia’s Gazprom on Monday said blocking its ...
