The gold mine is located in the town of Silin on Jiaodong Peninsula in Shandong province, in the east of China, Chinese news agencies report. According to preliminary estimates, gold deposits are located on the area of two kilometres at the depth of 67 meters. The volume of gold reserves in the area is about 382.58 tons
Turkish authorities ask Russia to lift all restrictions on supplies of Turkish food products. In particular, it goes about the supplies of Turkish tomatoes to Russia. On March 9, Russia lifted restrictions for imports of Turkish carnations, onions, shallots, cauliflower, broccoli and salt
After the recent decline in oil prices, many oil-producing countries have stopped investing in oil production. This may lead to oil shortages and interruptions in oil supplies in the next three years already. For a long time, the OPEC was aiming maximum volumes of production not to let American shale oil producers enter the market.
Largest industrial companies of Donetsk and Luhansk regions introduced external state management on March 1. The move was made without changing the owner, so the word "nationalization" does not fit the atmosphere. Donbas leaders considered such plans in 2016, but did not materialize them
Novosibirsk lawyer Anton Tikhonov wrote a letter to developers of popular computer game DotA Dota2. The lawyer is convinced that the game should be banned for children under 18 years of age. According to the activist, the game does not ask for the user's age, which violates the law of the Russian Federation
Having increased the average daily volume of oil exports to China by 25 percent in 2016, Russia deprived Saudi Arabia of the status of the world's major oil supplier to the most dynamically developing oil market of the world. In 2016, Russia would deliver 1.05 million barrels of oil to China on a daily basis
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