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Ministry of economic development of the Russian Federation

News from Russia: Economy & Foreign Trade

News from Russia

Russia’s Nord Stream 2 gas pipeline gets closer to finish line, first link expected to be completed by June

The operator of Russia’s natural gas pipeline to Europe, Nord Stream 2 AG, has secured permission to continue work in the Baltic Sea and may finish one of the two branches of the route in the first half of the year

News from Russia

Russia's foreign exchange reserves reach almost $600 billion

Russian gold and foreign currency holdings have increased to a total of $597.4 billion as of January 8, according to the latest data released by the country’s central bank

News from Russia

Cabinet plans to broaden use of investment agreements undertaking mechanism, says PM

The authorities plan to launch a new investment cycle "in a move to increase the number of well-paid jobs," he noted

News from Russia

Authorities expect economic growth in Russia by end-2021

Russia’s Economic Development Ministry projects 2020 GDP contraction of 3.8%

News from Russia

The Ministry of Agriculture of Russia summarised the preliminary agricultural insurance results for 2020

The state-supported agricultural insurance mechanism continues to develop, attracting more Russian farmers

News from Russia

Massive new gas field discovered in Russia’s Far East

Russian energy giant Rosneft has announced the discovery of a huge gas condensate field in the Far Eastern republic of Yakutia

News from Russia

More than 500 companies registered in Hainan's Yangpu port in 2020

Yangpu plays a key role in the development of China's transportation network

News from Russia

Russia more than doubles natural gas exports via TurkStream pipeline

Supplies of gas to Turkey and Europe via offshore pipeline TurkStream have increased more than twofold in a year since the launch of the project, according to Russian energy giant Gazprom.

News from Russia

Russian stock market hits all-time high as hopes for recovery boost global investment sentiment

Russia’s main index on the Moscow Exchange has reached a new historic peak for the second time in a week following gains in equities trading in Europe and the US as investors anticipate more economic relief.

News from Russia

Russia expects oil demand recovery in 2021 at 3-5 mln bpd - Novak

At the same time, the emergence of new strains of coronavirus is a factor of uncertainty for the oil market, Russian Deputy Prime Minister noted

News from Russia

Russia, OPEC plan to discuss need to increase oil production in February

The previous OPEC+ ministerial meeting took place on December 3

News from Russia

Russia looks to become leader in hydrogen tech

Russia's vast natural gas reserves and renewables potential could make it one of the world's largest hydrogen producers within the next decades.

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