Russia’s shadow economy accounts for 15-20% of GDP
Friday, 21 June 2013 12:49
Published time: June 21, 2013 10:49
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The Russian state budget loses $90bn in taxes as businesses hide up to 20% of GDP in the shadows, claims Finance Minister Anton Siluanov.

With a GDP of about 60 trillion roubles ($1.8 trillion), that means at least 9 trillion...

 
Bolshoi theatre tries to turn new leaf after year of scandal
Thursday, 20 June 2013 19:33

Bolshoi leadership announce plans for new season and refuse to discuss shocks including acid attack on ballet director

Five top officials from the Bolshoi theatre sat dutifully in a row on Thursday and sternly announced their plans for the upcoming season: a Mozart opera, an expanded children's programme, and foreign stars to grace their stage.

No...

 
Russia and China to seal an unprecedented oil contract, worth more than $60 bn – Putin
Thursday, 20 June 2013 18:40
Published time: June 20, 2013 16:40
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Russia and China have drafted a major oil contract, Russian President Vladimir Putin told Chinese State Council Executive Deputy Prime Minister Zhang Gaoli at the St. Petersburg International Economic Forum.

"A major contract - it...

 
Capitalism at stake? – An RT debate at the St. Petersburg International Economic Forum
Thursday, 20 June 2013 17:46
Published time: June 20, 2013 15:46
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After decades of social benefits, middle classes in developed countries are putting increased pressure on their crisis-stricken governments. Where is the compromised between an adequate safety net and sustainable growth? RT aims to...

 
Rosneft president sees $12bln synergies in takeover of TNK-BP
Thursday, 20 June 2013 13:23
Published time: June 20, 2013 11:23
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Rosneft boss Igor Sechin says the company will save $12bn from synergies following the acquisition of TNK-BP. It beats the original estimate of $3-5bn and could boost Rosneft's capitalization to $100bn in five years.

The...

 
What a joke: USA to sanction Russia for human trafficking
Thursday, 20 June 2013 12:19
Instead of an objective analysis of the causes that lead to the growth of human trafficking, including on the territory of the United States, the authors of the report again used the unacceptable methodological approach, which divided countries into rating groups depending on political sympathies or antipathies of the U.S. State Department...
 
US condemns China, Russia and Uzbekistan for human trafficking
Wednesday, 19 June 2013 23:50

State department's annual slavery report relegates three countries to bottom tier for failing to tackle forced labour and widespread exploitation

The US has condemned China, Russia and Uzbekistan for their failure to stem widespread systematic human trafficking and slavery within their borders.

The annual Trafficking in Persons (Tip) report,...

 
Russia needs to reclaim its 'digital sovereignty' from US, says MP
Wednesday, 19 June 2013 15:30

Sergei Zheleznyak says Kremlin should create its own 'backdoor' access following revelations of NSA's internet surveillance

A prominent Russian MP has called on the country to boost its "digital sovereignty" and wean its citizens off foreign websites following revelations that the US was operating surveillance systems to spy on foreigners'...

 
Russia to pass Borei and Yasen nuclear submarines into service
Wednesday, 19 June 2013 15:16
According to the Commander in Chief of the Russian Navy, Russia will receive 2 nuclear submarines - Alexander Nevsky and Vladimir Monomakh - and 1 multi-purpose submarine - Severodvinsk - before the end of 2013. If it happens, it will mark the first time since the collapse of the Soviet Union, when Russia passes new nuclear submarines into service...
 
Putin throws down Obama
Tuesday, 18 June 2013 10:42
Not so fast Mr. Hope and Change. Haven't you heard? There's a new Sheriff in town in the Middle East. President Putin reminded Barry that he's in charge. He already reminded Netanyahu recently after Israel fired into Damascus in early May. Afterward, Bibi sang a different tune. Putin's talent as a Judo expert is always useful in these situations...
 
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