Russia's Ministry of Transport will receive five billion rubles from the state budget to purchase Sukhoi Superjet 100 and L-410 aircraft. Four billion of the amount will be spent on the SukhoI Superjet 100 passenger aircraft, whereas the remaining one billion will be used for L-410
Russian President Putin said at a press conference after the APEC summit in Lima that Russia was ready to freeze oil production on the current level. The move will not cause any damage to the Russian energy sector. If Arab countries agree to freeze oil production, Russia can join them to boost oil prices
The US Geological Survey informed about the discovery of the largest, previously unused oil and gas field in the country. Oil reserves in the newly-discovered deposit were estimated at 20 billion barrels. The reserves of natural gas - 16 trillion cubic meters
US presidential candidate from the Republican Donald Trump has won the election and shaken global markets, the members of which were counting on the victory of Democratic candidate Hillary Clinton. On November 9, gold has risen in price by 4.5% or $60
According to The Boston Consulting Group, the company that specializes in management consulting, the top ten of world's best companies in the oil and gas industry includes three Russian companies. The fifth place on the top 10 is taken by Tatneft, the eighth position belongs to LUKoil
To gain a foothold in key markets in the oil and gas industry, as well as in the field of mining, Russian companies have been actively concluding new deals and making acquisitions. Russian mining companies have recently started an impressive amount of new projects. The story kicked off with the purchase of Essar Oil, India's 2nd largest oil...
After the visit of Turkey's President to St. Petersburg and the meeting between the leaders of Russia and Turkey at the G20 summit in Hangzhou (China), the resumption of the Russian-Turkish relations is gaining momentum. The talks in Istanbul are expected to lay a solid trade and economic foundation for the new relations between the two countries
The modern financial system was created for the oppression of national states. Any society in today's world exists to serve the interests of international financial corporations. The power is concentrated in the hands of an international group of financiers that move capitals from one country to another
The oil market has balanced out in 2016 and will restore in late 2017, Russian Energy Minister Alexander Novak said. "The market follows the path of balance anyway," the minister said in an interview with Russia 24 TV channel. "The year 2016 has already balanced out the market partially, and I think that the market will recover in late 2017"
Russophobian policy of the states should have economic consequences. Russia has demonstrated it by canceling oil and other cargoes’ transit through the Baltic ports. Ukraine may also be deprived soon of its gas transit trough. But one question is still in the air. How will small but proud republics live after 2020?
World-famous Kalashnikov Concern unveiled its latest development at Army 2016 forum in the Moscow region: a small automatic rifle for crews of combat vehicles and special forces. Kalashnikov also introduced other new weapons at Army 2016 Forum in the Moscow region. Experts paid attention to prototypes of sniper rifles VSV-338 and SVK
Societe Generale Bank analyst Albert Edwards said that consumers will hardly be able to keep the US economy afloat for long. Because of the sharp drop in oil prices, American energy corporations have faced serious problems and may fall into a new trap. In less than eight years, the debt of the United States of America has nearly doubled
The Russian currency is nearly seven centuries old. The ruble appeared in the 13th century and for the next two centuries successfully drove out of circulation coins of other countries that people in ancient Russia used to acquire material goods. In addition, the foreign money made of silver was quickly repurposed into the new Russian ruble