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About projectNews from Russia: Economy & Foreign Trade
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
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
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
Authorities expect economic growth in Russia by end-2021
Russia’s Economic Development Ministry projects 2020 GDP contraction of 3.8%
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
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
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
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.
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.
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
Russia, OPEC plan to discuss need to increase oil production in February
The previous OPEC+ ministerial meeting took place on December 3
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.