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Ministry of economic development of the Russian Federation

News from Russia: Economy & Foreign Trade

News from Russia
24.05.2020

New year-round port to link Russian Arctic sea route with Asia in 2025

About $5 million has been invested in the construction of a deepwater year-round port near Indiga

News from Russia
21.05.2020

Russneft fulfills quota in OPEC+ deal in May

At the end of 2020, the company's oil output is expected to be below the level of 2019, when it reached 7.118 mln tonnes

News from Russia
21.05.2020

Uralkali signs deal on potash deliveries to India

The company said that the contract price reflects the current market situation

News from Russia
20.05.2020

Russian Agriculture Ministry keeps export outlook at $25 bln in 2020

Russia has already supplied products worth $9.4 bln overseas in this year

News from Russia
20.05.2020

Vladimir Putin orders to consider conditions for special investment contracts extension

Investment plans of machine-building companies, fertilizer producers and other enterprises can be revised in view of the coronavirus fallout, according to the president

News from Russia
19.05.2020

Expansion of EAEU’s cooperation with foreign partners should continue, says Vladimir Putin

According to the Russian president, many states and integration structures have already established close direct contacts with the Union, including China, Vietnam, Iran, Serbia and Singapore

News from Russia
18.05.2020

EAEU simplified rules for transportation of food and non-food products

The Eurasian Economic Union simplified the requirements for the transportation of food and non-food products

News from Russia
15.05.2020

Belarus confirms signing agreements with Russia on oil supplies in 2020

Earlier Rosneft announced that it had concluded agreements for the period from April to December 2020, under which it will supply 9 million tonnes of oil to the Belarusian refineries in 2020

News from Russia
15.05.2020

European Commission not involved in German regulator’s decision on Nord Stream 2

The Federal Network Agency of Germany refused Nord Stream 2 AG in withdrawing the Nord Stream 2 project from the rules of the updated EU Gas Directive, the regulator said earlier on Friday

News from Russia
15.05.2020

Nord Stream 2 to challenge German regulator’s decision denying waiver of 'discriminatory' EU rules for gas pipeline from Russia

The company building the Nord Stream 2 gas pipeline has vowed to appeal Germany’s refusal to remove the multibillion-dollar project from the restrictions laid out in the “discriminatory” EU Gas Directive

News from Russia
14.05.2020

Russia fills coffers with gold & adds $2.5 billion to forex reserves during coronavirus peak

Russian gold and foreign currency holdings have hit $566 billion as of May 1, according to the latest data released by the country’s central bank

News from Russia
13.05.2020

Eurasian Economic Commission reports lifting of customs declaration for certain goods

The decision came into force on May 7, 2020

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