Economy

Russia to invest $1 bln in the Armenian economy

Russia plans to invest $1 billion in the Armenian economy in the near future, Deputy Economic Development Minister Dmitry Volvach said at a briefing on Tuesday on the sidelines of the 8th Armenian-Russian Interregional Forum. "Our …

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First Nord Stream 2 string filled with technical gas

The gas-in procedure for the first string of the Nord Stream 2 gas pipeline has been completed as the string has been filled with around 177 mln cubic meters of technical gas, the operator of the project said in a statement on Monday. …

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Brent oil climbs to $86 per barrel

Oil prices hit their highest level in years on Monday as demand recovers from the COVID-19 pandemic, boosted by more custom from power generators turning away from expensive gas and coal to fuel oil and diesel. Brent crude oil futures …

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Europe's fear to be left without gas

Three main arteries for gas supplies to Europe, around which many political problems revolve in these days, while the old continent suffers from prices record of gas and a shortage of stocks before the onset of winter

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Russia’s fishing fleet gears up for success

Already the fourth largest global exporter of seafood by volume, Russia plans to nearly double its total seafood exports by 2024. To achieve this, Russian fishing operators have unveiled plans to encourage greater investment in the industry, …

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Novak: oil market volatility remains low

Volatility in the oil market remains low, largely to the influence of OPEC+, Russia’s Deputy Prime Minister Alexander Novak said in an interview with CNBC on Thursday. "This volatility that we are witnessing in the gas market …

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Brent oil price up over $85 for first time in 3 years

The cost of a Brent crude oil futures contract for December 2021 delivery on the London ICE exchange went up by 1.23% and reached $ 85.03 per barrel, according to data from the trading floor at 10:50 Moscow time on Friday. The last time …

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Will Turkey buy American F-16?

Turkey’s request from the United States for 40 F-16 fighter jets and 80 modernization kits for its existing aircraft caught many by surprise last week, coming amid a lingering crisis between the two NATO allies over Ankara’s purchase of Russian S-400 air defense systems and its apparent intention to advance military cooperation with Russia

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Russia's Novak: volatility on oil market unlikely

The current prices and the demand/supply balance reflect the situation on the oil market, Russian Deputy Prime Minister Alexander Novak said at the Russian Energy Week on Thursday, adding that volatility on the oil market is unlikely. …

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 Russia interested in energy renewal of Karabakh

Russian Energy Minister Nikolai Shulginov held a working meeting with his Azerbaijani counterpart Parviz Shahbazov, according to the website of the Russian ministry. The statement reads that the parties discussed topical issues of …

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