The next comment is from Pierre Rabhi, a French thinker: "Today, when one speaks of economics, it is not a question of the real economy. The real economy is a system that aims to share resources as evenly as possible to meet the needs of the greatest number of people. Unfortunately, what is called 'economics' is, above all, monetization.
Germany has second biggest gold reserves in the world. But most of this gold is kept in London and New York. Germany has returned 200 tons of the precious metal from the Federal Rereserve’s stores in New York and the French Central Bank for the year of 2016. Why has Germany sped up the process?
On Friday, Alexander Mikheev was approved as the new Director General of JSC Rosoboronesport, the only Russian mediator on exports and imports of arms and defence technology. Alexander Mikheev was born in 1961. Experts believe that the strategy of Rosoboronexport will not change with the arrival of the new CEO
On December 7, the head of Russia's oil giant Rosneft, Igor Sechin, informed President Vladimir Putin about the completion of the privatization of the 19.5% stake at Russia's largest oil company for 10.5 billion euros. Glencore Consortium and Qatar's Sovereign Wealth Fund have become the buyers and strategic investors in the deal
Iran produces ninety-five per cent of the medicines needed to treat patients inside the country, while fifty per cent of the raw materials are also made in Iran. Next on the list are new lines of drugs to treat certain types of cancer, multiple sclerosis and diabetes and the first target is the Middle East's 400 million-strong population.
Russia and OPEC countries are interested in maintaining the price of oil within the limit of $50-$60 per barrel. It is believed that such prices would be less comfortable for US companies producing shale oil. According to forecasts, oil prices will fluctuate at around $56-59 per barrel next year
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