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Hello, WTO!
Friday, 16 December 2011 09:11

Delegates attend the opening of a World Trade Organization ministerial conference delayed due to technical problems, on December 15, 2011 in Geneva (AFP Photo / Fabrice Coffrini)

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With a stroke of a pen on Friday evening Russia joined the World Trade Organisation, something that’s been a long time coming.

Experts agree the end of...

Market buzz: Russian stocks expect trading in the black
Friday, 16 December 2011 07:23

Trader watch their screens on the Troika Dialog trading floor in Moscow September 26, 2011 (Reuters / Denis Sinyakov)

The Russian stock market appears poised to grow after finishing Thursday trades in the black.

­Thursday trading on the Russian markets was extremely volatile. At the beginning, indices lowered as the participants tried to claw their ...

Russia ready to invest in eurozone – Medvedev
Thursday, 15 December 2011 20:48

President Dmitry Medvedev has offered Russia's help along with closer energy ties at the Russia-EU summit in Brussels, saying that Moscow is very interested in seeing the EU overcome its troubles.

­Russia is ready to meet all its obligations in assisting the eurozone, Medvedev said at a press conference after the Russia-EU summit.

“Russia has its q...

Government plans to drive IPO to Russia
Thursday, 15 December 2011 16:10

Brokers monitor market movements (AFP Photo / Ben Stansall)

As Hong-Kong has become number one IPO market, government in Moscow is worried fewer Russian companies are eager to run an IPO in the local market. The Federal Financial Markets Service (FFMS) is looking a solution by simplifying the IPO procedure.

Kommersant daily quotes the head of FFMS...

Russia worries as OPEC ups quotas to lubricate world economy
Thursday, 15 December 2011 14:31

The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna during a ministers' meeting (AFP Photo / Jakub Sukup)

OPEC decided to increase oil production quotas, which came as a New Year surprise for most investors. Russian experts say cheaper oil has already started to drive the rouble down and a negative economic...

Putin praises political events in Russia and mocks McCain
Thursday, 15 December 2011 13:44
Vladimir Putin took part in his tenth question-and-answer session in Moscow on December 15. This year, Putin appeared in the program as the sitting Prime Minister and as a presidential candidate. The first question to the prime minister was about the elections to the State Duma of December 4 and the mass meeting of protest on Bolotnaya Square...
Unemployment level in Yakutia one of lowest in Russia
Thursday, 15 December 2011 11:24
Dmitry Glushko, the first Vice President of Sakha Republic (Yakutia), the chairman of the Yakutian department of United Russia Party, sat down for an interview with Pravda.Ru to speak about the achievements of the republic in the field of social policies and the results of the parliamentary elections in Russia...
Vladimir Putin expected to face questions over protests on live TV show
Wednesday, 14 December 2011 18:07

Russian PM hosts televised call-in show as he faces unprecedented challenge to his domination of Russian politics

Vladimir Putin is expected to break his silence on Russia's growing protest movement on Thursday, when he hosts an annual televised call-in show that has become a hallmark of his rule.

The programme, which usually lasts for hours and is...

VAT return in Russian
Wednesday, 14 December 2011 18:02

A VAT return regime will start working in Russia in 2012

Foreigner travellers to Russia will enjoy a VAT return starting from 2012, with the list of goods being significantly longer than in Europe.

A flow of foreign tourists coming to Russia has always been great, with around 6.2 million foreigners visiting the country every year.Now it’s likely to g...

TNK-BP makes its way to Arctic oilfields
Wednesday, 14 December 2011 17:10

TNK-BP is planning to develop Arctic oilfields

Russian-British joint venture TNK-BP is planning to develop Arctic oilfields, pledging a US$10 billion investment. The money would be spent on building infrastructure in the fields and a pipeline that will link them with the export routes.

The company owns reserves in the Yamal Region of Northern...

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