Jan. 10 – Iran and Russia have replaced the U.S. dollar with their national currencies in bilateral trade, Iran’s Fars News Agency reports, citing Seyed Reza Sajjadi, Tehran’s Ambassador to Moscow. Speaking to Fars, Sajjadi said that the proposal for replacing the U.S. dollar was raised by Russian President Dmitry Medvedev in a meeting with[…..]
Dec. 14 – Russian billionaire Mikhail Prokhorov said on Monday he will run against Vladimir Putin for president next year. Expert opinions on Prokhorov’s decision are divided: some of them believe the New Jersey Nets basketball team owner’s move has been inspired by the Kremlin, while others sees it as his second attempt to come[…..]
Dec. 12 – Political uncertainty and the prospect of more large protests are adding an extra layer of concern for foreign investors in Russia. The MICEX Index tumbled 4.7 percent Tuesday after the first gathering of protestors last Monday evening and the transfer of additional Interior Ministry troops to the Russian capital. Fear hit the[…..]
Dec. 7 – Vladimir Putin’s United Russia achieved a conventional victory in last weekend’s parliament election, winning 49.5 percent of Sunday’s vote for the State Duma, down from 64.3 percent in 2007, the last full year of Putin’s second Kremlin term, according to the Central Election Commission. The party that has dominated the 450-seat Duma[…..]
Nov. 29 – Minsk received everything it asked for from Moscow, including a reduced price for gas, a lucrative contract on its transit, and US$2.5 billion for a 50 percent stake in the unprofitable state-run Beltransgaz. Furthermore, Russia will lend Minsk US$10 billion to build a nuclear plant, Prime Minister Vladimir Putin said on Friday.[…..]
Nov. 28 – Russian fertilizer group Phosagro agreed to cut current contract prices for India Potash Ltd. (IPL) and Indian Farmers Fertilizers Cooperative Ltd. (IFFCO) after a drop in the value of the rupee caused local prices to rise sharply. In return, the Russian firm said in a statement, the two key Indian buyers committed[…..]
Nov. 24 –The new issue of Russia Briefing Magazine, titled The Russia-Belarus-Kazakhstan Customs Union, is out now. Nearly two years have elapsed since Russia, Kazakhstan and Belarus boldly began to link their economies by forming a Customs Union planned to evolve into a more ambitious common market by 2012, with Russia as its hub. While[…..]
Nov. 22 – Two of Russia’s largest steelmakers – Novolipetsk Steel and Evraz Group SA – are interested in becoming strategic partners of Vietnam Steel Corporation (VN Steel), according to VN Steel President Le Phu Hung. “We consider various possibilities of our billets rerolling to an end-product in Southeast Asia, but no decision has been[…..]
Nov. 16 – The Federal Service for State Registration, Cadaster and Cartography, known as Rosregister, will launch a new online service providing information about each real estate deal that has been made in every Russian region. Information about all registered real estate deals since 1999 will also be published in the new portal. For example,[…..]
Nov. 10 – Russia will take the reins of the Asia-Pacific Economic Cooperation Forum from the United States next week after the APEC summit in Honolulu on November 11-13 hosted by the United States. According to the different press reports, the summit’s agenda will be traditional, with some issues like regional cooperation, integration, the liberalization[…..]