Russia doubles down on oil price warning

Moscow will only deal with states “that will work with us on the basis of market conditions,” Alexander Novak said Russia won’t sell oil at the $60 price limit agreed by the EU and G7 nations, Deputy Prime Minister Alexander Novak said on Sunday. Novak added that Moscow is “working on mechanisms” to bypass the…

789
Like
Save
Russian economy posts strong growth figures

The country’s GDP has turned positive in the second quarter after a year of declines Russia has seen its Gross Domestic Product values turn to growth in the second quarter of the year, the country’s statistics service Rosstat reported on Friday, despite lingering pressure from Western sanctions.

789
Like
Save
Putin calls off nationalization of Danone Russia

The shares of the French food company’s local business had previously been placed under temporary state control Russian President Vladimir Putin has signed a decree to remove French food giant Danone’s local business from a list of assets placed under temporary state management, according to a document published on the portal of legal acts on…

788
Like
Save