RIA Novosti

Russia to Build Two Space-Defense Missile Plants

Fri, 03 Feb 2012 16:00:00 GMT

Two space-defense missile plants will be built in central Russia, Deputy Prime Minister Dmitry Rogozin said on Friday.

Ukraine Wants 34% in Gas Consortium with Russia, EU

Fri, 03 Feb 2012 15:06:00 GMT

Ukraine should own a 34 percent stake in any gas transortation consortium with Russia and the EU to manage its gas transportation system, Germany's Sueddeutsche Zeitung newspaper reported on Friday, quoting Ukrainian President Viktor Yanukovych as saying.

Russian-Ukrainian gas deal

Fri, 03 Feb 2012 15:06:00 GMT

Gazprom to Europe: Gas Demand Tops Contract Levels

Fri, 03 Feb 2012 14:53:00 GMT

Faced with a cold snap, some Gazprom customers in Europe have complained that deliveries of Russian natural gas have declined, but Gazprom said they were asking for above-contract volumes, a Gazprom export official, Sergei Komlev, said on Friday.

Rosneft's 2011 Net Profit Rises 19.7% to $12.45 Bln

Fri, 03 Feb 2012 14:45:00 GMT

Russia's largest oil company, Rosneft, saw 2011 net profit jump 19.7 percent year-on-year to $12.452 billion to US GAAP, the company said in a statement on Friday.

Medvedev Sets April 15 Deadline for Defense Contracts

Fri, 03 Feb 2012 12:44:00 GMT

All tenders on state defense contracts are to be completed by April 15, Russian President Dmitry Medvedev said on Friday.

Alco-Pops Face End Over Russian Tax Labels

Fri, 03 Feb 2012 11:52:00 GMT

Russian makers of low alcohol beverages have suspended production due to a lack of new excise labels from the Federal Service for Alcohol Market Regulation, Business FM radio station reported.

Hungary's Malev Airline Goes Bust

Fri, 03 Feb 2012 11:33:00 GMT

Hungary's national carrier Malev ceased operations and grounded all its flights on Friday due to inability to cover a $270 million debt after the Hungarian government had stopped financing the airlines.

South Stream gas pipeline

Fri, 03 Feb 2012 11:04:00 GMT

Montenegro to Join South Stream Project - Gazprom

Fri, 03 Feb 2012 11:04:00 GMT

Russian gas giant Gazprom will build a connection to Montenegro in the South Stream gas pipeline, which is to carry Russian natural gas under the Black Sea to Europe, the company said on Friday.

Bank Chairman Downbeat on 6% InflationTarget

Fri, 03 Feb 2012 09:58:00 GMT

Bank of Russia First Deputy Chairman Alexei Ulyukayev said on Friday that it would be harder for Russia to reach inflation levels of six percent in 2012 than last year.

Not Enough Gas Sent to Europe Due To Russian Cuts – Ukraine

Fri, 03 Feb 2012 09:36:00 GMT

Europe has been receiving less Russian gas through Ukraine's pipelines because Russia has cut blue fuel supplies, Ukrainian Energy Minister Yuriy Boyko said on Friday.

Russia Keeps Refinancing Rate at 8%

Fri, 03 Feb 2012 08:27:00 GMT

The Central Bank of Russia (CBR) will keep its key refinancing rate unchanged at 8 percent annually, and other rates will also remain unchanged, it said following its Friday board meeting.

Russia Holds Refinancing Rate at 8%

Fri, 03 Feb 2012 08:21:00 GMT

Russia's central bank kept interest rates and its key refinancing rate unchanged at eight percent amid concerns about the euro zone's economic recovery, the bank said on Friday.

Gazprom Ups European Gas Supplies during Severe Cold

Thu, 02 Feb 2012 15:02:00 GMT

Russian gas export monopoly Gazprom is to increase its gas supplies to Europe and neighboring states as severe cold hits the EU, Gazprom export head Alexander Medvedev said on Thursday.

Putin Instructs VTB to Devise Buyback Plan for IPO Stock Holders

Thu, 02 Feb 2012 12:51:00 GMT

In a move likely to gain broader public support ahead of the March presidential election, Prime Minister Vladimir Putin on Thursday instructed Russia’s second largest bank VTB to devise a buyback plan for the bank’s IPO stock holders.

Putin Calls for Great Leap Forward for Business

Thu, 02 Feb 2012 11:35:00 GMT

Russia must make a gigantic leap forward and become one of the 20 economies with the most favorable investment climate, Prime Minister Vladimir Putin said on Thursday.

Putin Cautions Eurasian Union on EU Mistakes

Thu, 02 Feb 2012 11:04:00 GMT

The Eurasian Economic Union comprising Russia, Belarus and Kazakhstan should take into account the experience and mistakes of the European Union countries, Prime Minister Vladimir Putin said on Thursday.

Sovcomflot First on Privatization List in Spring

Thu, 02 Feb 2012 09:52:00 GMT

Russia’s largest state-owned shipping company Sovcomflot will be the first asset the government may privatize in the spring, an Economics Ministry official said on Thursday.

Russia Needs Restructuring to Boost Growth – Roubini

Thu, 02 Feb 2012 09:50:00 GMT

Russia's economic growth will slow to a snail's pace in coming years without serious structural reforms, New York University Economics Professor Nouriel Roubini said on Thursday.

Sberbank’s Return on Equity Soars to 28% in 2011

Thu, 02 Feb 2012 08:21:00 GMT

Russia’s largest state-owned bank Sberbank saw its return on equity soar to 27-28 percent last year, Sberbank CEO German Gref said on Thursday.

Regulator Seizes Russian Tycoon's French Castle

Thu, 02 Feb 2012 08:18:00 GMT

Russia's Deposit Insurance Agency has obtained a French court order to seize a castle in France owned by Russian billionaire Sergei Pugachyov to repay debts to depositors of the tycoon’s embattled bank, RBC daily newspaper said on Thursday.

Facebook Files for $5 Bln IPO

Thu, 02 Feb 2012 07:51:00 GMT

Facebook has filed for an initial public offering (IPO) to raise at least $5 billion for the world’s largest social network, according to documents posted on the U.S. Securities and Exchange Commission website.

Roscosmos Aims to Make Sea Launch Profitable

Thu, 02 Feb 2012 07:24:00 GMT

Russian space agency Roscosmos and rocket and space-station hardware builder RSC Energia are working to restore commercial viability to the Sea Launch floating platform project, Roscosmos head Vladimir Popovkin said on Thursday.

Russia’s 2012 Budget Deficit Expected at 1% of GDP

Wed, 01 Feb 2012 18:43:00 GMT

The federal budget deficit this year may come in at 1 percent of GDP, Russian Deputy Economic Development Minister Andrei Klepach said on Wednesday.