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Russia to borrow over $10 bln a year after 2010 - Kudrin

22:01 05/06/2009

Russia's annual foreign borrowing will exceed $10 billion after next year, the finance minister said on Friday.

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Russian communications minister has questions for Microsoft
21:51 05/06/2009
The Russian communications minister said Friday that the Federal Antimonopoly Service's "interest" in the Microsoft corporation is reasonable.
Gazprom CEO predicts oil reaching $85 per barrel by end of 2009
21:09 05/06/2009
Oil prices should reach $85 per barrel by the end of 2009, the head of Russian energy giant Gazprom said on Friday.
Russia ready to fully meet China's gas needs - Deputy PM Sechin
19:47 05/06/2009
Russia is ready to supply to China as much natural gas as the country needs, a deputy prime minister told journalists at the St. Petersburg International Economic Forum on Friday.
Tycoon Vekselberg calls for major investment in Russian oil
19:10 05/06/2009
The lack of major investment in the development of new Russian oil fields in the mid-term could increase the prime cost of domestic production and affect global oil prices, a billionaire co-owner of TNK-BP said
Deputy PM Shuvalov says Russian financial sector 'stable'
18:42 05/06/2009
The Russian government believes the situation in the country's financial sector is stable, First Deputy Prime Minister Igor Shuvalov said
Ukraine accuses Russia of monopolizing nuclear fuel market
18:09 05/06/2009
The Ukrainian president on Friday accused Russia of seeking to monopolize the international nuclear fuel market.
Role of gold in Russian reserves could increase - Kremlin
17:40 05/06/2009
Gold could start playing a more important role in Russia's reserves due to the influence of regional currencies, a Kremlin aide said
Ukraine pledges to pay $500 mln for Russian gas on Friday
17:21 05/06/2009
Ukraine will pay around $500 million on Friday for Russian natural gas pumped into underground storage in May ahead of the June 7 deadline, President Viktor Yushchenko said.
Gazprom, E.ON sign gas asset swap deal
16:39 05/06/2009
Russian and German energy giants Gazprom and E.ON signed an agreement to exchange assets in downstream and upstream gas operations
Russian finance minister predicts 'inevitable' 2nd wave of crisis
16:35 05/06/2009
Russian Finance Minister Alexei Kudrin said it was inevitable that bad loans in the banking system would create a second wave in the financial crisis
Medvedev says giant state corporations to go private
16:16 05/06/2009
Russia's President Dmitry Medvedev said in an interview published on Friday that giant state corporations will inevitably be privatized.
Russia must change laws to encourage innovation - Prokhorov
16:13 05/06/2009
Russia has to move to harmonize its legal system for the development of innovation, a Russian metals magnate told the St. Petersburg International Economic Forum
Former Baikal Pulp Mill workers step up hunger strike
15:31 05/06/2009
Former workers at a pulp mill next to Baikal, the world's deepest lake, have expanded their hunger strike over several months' wages that remain unpaid since the plant's closure last year amid environmental pressure.
Russia says $75 per barrel reasonable oil price, urges investment
14:50 05/06/2009
A reasonable minimum price for oil is $75 per barrel, Russia's first deputy prime minister said on Friday, adding that production could drop in Russia if the credit crisis persists.
Rosneft to maintain $50 oil price for 2009
14:41 05/06/2009
Rosneft has no plans to review its 2009 business plan, which has fixed the price of oil at $50 per barrel, the head of Russia's largest state-run oil company said on Friday.
Dollar down 18.48 kopeks, euro down 25.33 kopeks - Central Bank
13:59 05/06/2009
The official dollar rate set by the Russian Central Bank for June 6 is 30.6919 rubles, down 18.48 kopeks from Friday, the Central Bank said.
Russia's Alrosa could withdraw from Angolan JV
13:42 05/06/2009
Russia's largest diamond miner Alrosa could withdraw from an Angolan joint venture, LUO-Kamachia-Kamajiku, due to financial difficulties, the company's CEO said on Friday.
Koreas to discuss joint industrial park, South Korean worker
13:37 05/06/2009
Pyongyang and Seoul have agreed to meet at a joint industrial park located in North Korea to discuss the future for the complex along with a detained South Korean employee, Yonhap news agency said on Friday.
Russia's Medvedev says crisis not yet over
13:16 05/06/2009
President Dmitry Medvedev told Russia's main economic forum on Friday that the current global financial crisis has yet to reach its lowest point.

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Images: Final Bell Rings for Russia’s High School Seniors

Video: Russian and Ukrainian Sailors Save a Ferry and Defend a Hospital During a Joint Exercise

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