EconomyLoop
where regional business news becomes global to everyone

Spotify will enter Russian market, Sberbank CIB forecasts

Spotify is the first streaming service making possible to listen to the music online without downloading it... read more

 Tass3 hours ago

     
Prosecutors’ checks in 2018 resulted in suspension of 425 air pilots

The air transport agency Rosaviatsiya annulled 160 flight certificates, according to the prosecutor-general... read more

 Tass5 hours ago
Putin highlights pressing need for efficient protection of entrepreneurs’ rights

The Russian president requested prosecutors to "decisively respond to violations in this sphere"... read more

 Tass5 hours ago
Venezuela views Russia, China as major oil export destinations

Venezuelan Oil Minister Manuel Quevedo said that the country is taking measures to prevent a decline in oil production... read more

 Tass9 hours ago
Putin says Russia will lift counter-restrictions if EU cancels sanctions

Sanctions did not benefit anyone, although they became an incentive helping national agricultural producers to tap the domestic market, the Russian president noted... read more

 TassYesterday
Putin gives start to operation of Crimean thermal power plants with full capacity

First power units of both thermal power plants were put into service last October... read more

 TassYesterday
Lukoil may sign agreement on new offshore block in Kazakhstan in May

Participation conditions will be similar to the ones determined for the Zhenis block... read more

 TassYesterday
Russia decreased holdings in US Treasury securities by $36 mln in 2018

Russia began to drastically reduce investments in the US national debt in the spring of 2018... read more

 TassYesterday
Lukoil eyes participation in several projects in UAE

The company is now considering a number of options, the CEO said... read more

 TassYesterday
Venezuela produced 1.43 million barrels of oil per day in February

Oil industry minister Manuel Quevedo did not mention the volume of production in March... read more

 TassYesterday
OPEC+ ready to monitor oil market situation in 2H 2019, says Saudi Arabia’s minister

Earlier on Sunday a meeting of the OPEC+ technical committee was held in Baku before the ministerial monitoring committee due on March 18... read more

 TassYesterday
Novatek to consider sale of up to 30% in Arctic LNG 2 project to Saudi Aramco

Leonid Mikhelson pointed that the company expects a good cooperation under favorable terms... read more

 TassYesterday
Venezuelan Oil Minister to visit Moscow in early April

Manuel Quevedo is going to open PDVSA office in Russia... read more

 TassYesterday
Russia has reduced crude production by 140,000 barrels per day as of mid-March - minister

It's compared with October 2018, Alexander Novak said... read more

 Tass2 days ago
Participants of OPEC+ agreement see no need to revise deal’s parameters - Novak

Russia’s Energy Minister also stressed the importance of reaching the 100% compliance rate... read more

 Tass2 days ago
Russian energy minister considers it reasonable to discuss future of OPEC+ deal in May

Alexander Novak also informed about the measures regarding output reduction, noting that the process related to fulfillment of obligations is gradual... read more

 Tass2 days ago
Canada introduces new sanctions against Russia

The measures, related to to the November 2018 Kerch Strait incident, affect 114 individuals and 15 entities... read more

 Tass4 days ago
US stiffens anti-Russian sanctions on Ukraine — US Treasury Department

The list includes six individuals and eight organizations affiliated with Russia... read more

 Tass4 days ago
Anti-Russia sanctions trigger Russian-Chinese trade growth, says deputy minister

According to the Russian deputy foreign minister, due to sanctions the trade turnover between western countries and Russia has dropped by $300 bln... read more

 Tass4 days ago
Russia's Rosatom ready to build nuclear power plant in Bulgaria if project is beneficial

Successful implementation of the project is impossible without Rosatom but the corporation understands that this project is executed within the international cooperation framework, the CEO said... read more

 Tass4 days ago
Alrosa, Tiffany’s in talks on premium-class, small diamonds

Alrosa has to provide the sorting and preparation of such diamonds, CEO of the Russian company noted... read more

 Tass4 days ago
European Parliament's resolution on Nord Stream-2 should be given legal assessment — Novak

... read more

 Tass4 days ago
Putin does not expect Calvey case to negatively affect investment climate

According to the Kremlin spokesman, the Russian president cannot comment on the Calvey case because an investigation is underway... read more

 Tass4 days ago
Russia’s extra budget revenues since launch of OPEC+ deal total $107 bln, says RDIF CEO

Kirill Dmitriev also noted that markets are stable and investments are flowing to the markets... read more

 Tass4 days ago
Boeing suspend 737 MAX deliveries, but keeps producing them — spokesman

It is yet unclear for how long the deliveries will be suspended... read more

 Tass4 days ago
Russia's Utair expects deliveries of Boeing 737 MAX 8 airplanes

The company ordered 30 Boeing 737 MAX 8 airplanes last year... read more

 Tass5 days ago
Russian major bank's chief calls Calvey's arrest an 'excessive measure'

The head of VTB Bank says circumstances behind the Baring Vostok case "cause concern"... read more

 Tass5 days ago
Russian Transport Ministry blames construction and certification flaws for Boeing crashes

On March 10, Ethiopian Airlines’ Boeing 737 Max 8 crashed shortly after take-off from Addis Ababa, killing all 157 people onboard... read more

 Tass5 days ago
Aviation authority bans Boeing 737 MAX flights in Russian airspace

The ban is indefinite and will remain in place until the agency makes a new decision on the matter... read more

 Tass5 days ago
Berlin court orders Yukos ex-shareholders to pay Russia 188,000 euros in legal costs

Earlier, the courts in Sweden, the United Kingdom, France and Belgium delivered similar decisions... read more

 Tass5 days ago
Chechnya’s head says doesn’t care about US sanctions

Kadyrov also said he "never had any assets in the Middle East, Europe or America"... read more

 Tass6 days ago
Deputy PM expects investment in Russia’s petrochemical industry to rise by $40 bln by 2025

This will create over 18,000 high-tech jobs, according to Dmitry Kozak... read more

 Tass6 days ago
European Parliament’s resolution will not affect Nord Stream 2 — source

The European Parliament’s resolutions are recommendatory and the European Commission is not obliged to fulfill the requests and demands they contain, the source said... read more

 Tass6 days ago
BP received no warnings from US officials over Rosneft — CEO

"I haven’t read it, I haven’t heard it, so I really wouldn’t be able to comment," he added... read more

 Tass6 days ago
Russia's S7 Airlines suspends Boeing 737 MAX flights

Several countries already grounded their Boeing 737 MAX planes... read more

 Tass6 days ago
Lavrov lambasts Pompeo’s remarks about Rosneft

Earlier, the US Secretary of State said that Rosneft was buying crude oil from Venezuela’s state oil company PDVSA "in defiance of US sanctions"... read more

 Tass7 days ago
European Parliament calls to stop Nord Stream 2

Nord Stream 2 reinforces EU dependency on Russian gas supplies and threatens the EU internal market, the report on the state of EU-Russia political relations says... read more

 Tass7 days ago
Russian air agency requests recommendations from Boeing, US after Ethiopia crash

On March 10, Ethiopian Airlines Flight 302 crashed killing 157 people onboard the Boeing 737 Max 8... read more

 Tass7 days ago
Kremlin excoriates US moves against Nord Stream 2 as 'asset-grabbing' on global scale

The Kremlin spokesman has commented on the publications in a number of media that the US is preparing new additional sanctions against the Nord Stream 2 gas pipeline project... read more

 Tass7 days ago
Forbes calls Mikhail Fridman richest London resident

Forbes Magazine also noted that Moscow is consistently among the top three cities in which live the largest number of billionaires... read more

 Tass7 days ago
Kremlin not expecting lack of participants at SPIEF amid Calvey’s case

The Kremlin spokesman noted that every year ahead of SPIEF and the Eastern Economic Forum mass media claim that these events could be boycotted... read more

 Tass7 days ago
Putin to take part in St. Petersburg International Economic Forum in June

Putin traditionally takes part in the forum, attends a plenary session and other formats on the sidelines of the forum, the Kremlin spokesman noted... read more

 Tass7 days ago
Lukoil's president assesses effects of sanctions on Russia's oil and gas sector

Lukoil's President Vagit Alekperov said sanctions destroyed Lukoil's joint project with France's Total and made it harder to have access to technologies... read more

 Tass7 days ago
US introduces sanctions against Russian-Venezuelan bank

The Evrofinance-Mosnarbank ranks 96th among Russian banks in terms of the asset value... read more

 Tass8 days ago
Russia-EU trade turnover up 20% in 2018

The volume of accumulated investments from the EU countries to the Russia amounted to 300 billion euros last year, the industry and trade minister said... read more

 Tass8 days ago
OMV welcomes possible implementation of Turkish Stream 2 project, says CEO

The Turkish Stream project envisages the construction of a gas pipeline across the Black Sea to the European part of Turkey and farther to the border with Greece... read more

 Tass8 days ago
New Russian aircraft engine to be certified in 2020

According to the developer, the top-priority task is to make engines of the standard design and initiate certification tests... read more

 Tass9 days ago
Russia’s Aurus brand provided with clients in Europe for next 3-4 years, says minister

European dealers have keen interest in these cars, the minister notes... read more

 Tass11 days ago
Russia’s Gazprom Export completes first gas sales deal on electronic platform in rubles

The Electronic Sales Platform is designed to physically sell natural gas to European consumers, in addition to supplies under existing contracts... read more

 Tass12 days ago
Rusal plans to enter new markets in 2019, says CEO

Rusal also plans to develop areas on new products, technologies and competences... read more

 Tass12 days ago