Economy

Putin extends counter economic sanctions until 2020

  Russian President Vladimir Putin has signed a decree extending specific economic measures against countries that imposed sanctions against Russia until the end of 2020. The document has been published on the …

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Main topics of G20 summit in Osaka revealed

The situation in the global economy and trade and environment-related issues will be key topics of the forthcoming summit of the Group of Twenty (G20) in Osaka from June 28 to 29, a source in the Japanese Ministry of Foreign Affairs said. …

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 Oil prices slip, but still propelled to gain for week

Oil prices reversed earlier gains this morning but benchmark Brent crude was still set for its first weekly gain in five weeks amid rising tensions in the Middle East and on hopes for a drop in U.S. interest rates that may stimulate global …

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Lukoil CEO calls for permanent OPEC deal

Russian oil producer Lukoil's chief executive Vagit Alekperov said that the oil output deal between OPEC and its allies should stay in place permanently. Speaking at Lukoil's annual general meeting in Moscow, he …

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Dollar sets new anti-record of 2019

The dollar exchange rate dropped to 63.31 rubles during the today's trading on the Moscow stock exchange. Yesterday the dollar was worth 63.91 rubles. Oil jumped more than 3% to above $63 a barrel today after Iran …

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 U.S. Fed holds interest rates steady

The U.S. Federal Reserve held interest rates steady but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation. …

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Medvedev knows how to 'warm up' Russian economy

National Projects will influence on domestic economy over time but measures should be taken to warm it up already this year, Russia's Prime Minister Dmitry Medvedev said. "Growing investments within the …

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What to expect from OPEC+ meeting in July?

OPEC has agreed to move its next meeting to July 1, followed by a meeting with non-OPEC allies on July 2, according to new dates posted on the website of the Organization of the Petroleum Exporting Countries. OPEC and allies were …

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