Crimea’s authorities have already raised a sum of $1.5 billion on the construction of a gambling zone on the peninsula, Crimea’s First Deputy Prime Minister Rustam Temirgaliyev said in an interview with the Izvestia newspaper published on Wednesday.
If Europe approves economic sanctions, Russia can minimize the damage by turning to other markets, Prime Minister Dmitry Medvedev said. "The European Union is our most important market today. I will repeat, we will not initiate a reduction in economic ties. That isn't in our interests. We have trade with them totaling $400 billion," Medvedev said in a report to the State Duma on Tuesday.
Insufficient diversification stops the Russian economy from achieving and maintaining high growth rates, said Russian Prime Minister Dmitry Medvedev.
Russia's President Vladimir Putin is satisfied with work of the government, but says it should focus on problematic issues.
A new oil field has been discovered in Russia, Business FM reports, citing Natural Resources Minister Sergei Donskoi. The field, called "Velikoe", is located in the Astrakhan region. Its reserves are estimated at 300 million tons of oil and 90 billion cubic meters of gas.
A future treaty of what is to become the Eurasian Economic Union is going to be ready for signature by May, Russian Prime Minister Dmitry Medvedev said at a meeting with his Belarusian and Kazakh counterparts on Tuesday.
The head of Switzerland’s Department of Economic Affairs (Ministry of Economy) Johann Schneider-Ammann is going to visit Russia despite the fact that talks between the two countries on establishing a zone of free trade have been suspended.
For financial assistance from Russia, Ukraine needs to recognize the legitimacy of the Crimea as part of the Russian Federation, as well as constitutional reform, elections and not to discriminate against Russian, said Finance Minister Anton Siluanov.
The treaty establishing the Eurasian Economic Union will be signed by the leaders of Russia, Belarus and Kazakhstan in May, Russian First Deputy Prime Minister Igor Shuvalov said Thursday.
President Vladimir Putin together with the RF government will discuss Wednesday the situation taking shape, specifically, in the energy sector, presidential press secretary Dmitry Peskov has announced, according to the Russian news agency TASS. "A meeting with the leadership of the government has been planned out to discuss the extraordinary situation developing in economic cooperation with Ukraine, including that in the energy dialogue," Peskov said.
"We have created our Russian chip, it is certified, an identification application and all standards that are compatible with international payment systems are provided," Chairman of Russian public savings bank Sberbank German Gref said.
Russia's Prime Minister Dmitry Medvedev will hold a conference on Monday to discuss matters of current importance cocerning the socio-economic development of the Republic of Crimea and the city of Sevastopol, the government press service reported.
Moody's Investors Service, one of the world's three best known rating agencies, has put Russia sovereign rating on downgrade review, citing concerns about the Ukrainian crisis. Given that strong economic sanctions against Russia are unlikely, the move looks more like political pressure on Moscow than a result of honest research.
In a bid to refocus the Russian economy on partnerships in the East, a group of Russian officials and top managers is touring Asia to establish economic ties. The group is led by Alexei Likhachev, Deputy Minister of Economic Development at Russian Federation who believes that the growth of Russian economy doesn't depend on the US imposed sanctions.
Russian President Vladimir Putin has expressed regret over the decision by a number of companies to limit the operation of their payment-processing systems in Russia. He also announced on Thursday that a national payment system similar to those of Japan and China would be created.
Russian President Vladimir Putin announced on Thursday that a national payment system similar to those of Japan and China would be created.
This year's investment program of Russian gas giant Gazprom will be adjusted to include measures aimed at developing Crimea's gas sector following instructions issued by Russian Prime Minister Dmitry Medvedev after a March 24 session, the government's press service has reported.
The ruble is a safeguarded currency from the standpoint of protection from sanctions, Central Bank first deputy chief Ksenia Yudayeva said during a conference at the State Duma.
Ukraine's debt to Russia is $16 billion, Russian Prime Minister Dmitry Medvedev reported to President Vladimir Putin at the meeting of the Russian Security Council. "Ukraine has quite a considerable debt to the Russian Federation, both public and corporate. I think we cannot afford losing such sum of money, given the fact that our budget has its own difficulties," Medvedev said and proposed to address these issues.