Business & Economy
Rosatom to fulfill all obligations to supply spare parts, fuel for Bushehr NPP
Iran operate and legally own the first unit of the Bushehr Nuclear Power Plant, Alexey Likhachev noted
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Business & Economy
Hainan launches modernization of urban commerce and consumer hubs
Authorities intend to improve commercial infrastructure, develop new retail formats, expand the supply of high-quality goods, and boost the digitalization of the retail sector
Business & Economy
Russian satellite constellation for NSR monitoring already transmitting data in test mode
Going forward, all data will be integrated into the Unified Digital Services Platform, Vladimir Panov noted
Business & Economy
Russia negotiating with several countries on joint production of fifth-generation aircraft
"The development of complex aircraft systems is a multi-year process that includes not only R&D but also the approval of a large number of parameters," the FSMTC stated
Business & Economy
Lancet-E system demonstrated at 1st International Security Forum
The system was displayed as part of Rosoboronexport’s exhibit
Business & Economy
Russia-China partnership reduces ‘imported’ inflation caused by US-Iran conflict
VTB First Deputy President and Chairman of the Management Board Dmitry Pyanov noted that the situation in the Middle East had become one of the factors behind the current annualized…
Business & Economy
Kremlin announces appointment of Russia’s new business ombudsman
Alexander Shokhin earlier met with President Vladimir Putin and presented his proposals for modernizing the office of the Commissioner for the Protection of Entrepreneurs' Rights
Business & Economy
China overtakes Japan as world’s second-largest creditor nation — Bloomberg
Germany retained first place with net foreign assets totaling $4.24 trillion
Business & Economy
Russia plans to maintain oil production in 25 years through yet-undiscovered fields
Russian First Deputy Energy Minister Pavel Sorokin noted that the Soviet legacy has already been largely depleted
Business & Economy
Price of Brent oil up almost 3% on ICE at $98.9 per barrel
Meanwhile the price of futures contracts of WTI crude oil for July 2026 delivery was down by 4.82% at $91.94 per barrel
Business & Economy
QUAD states concerned about use of non-market policies in trade — statement
The parties underscored "the importance of diversified and reliable global supply chains and the need to avoid reliance on any one country"
Business & Economy
Iranian military spokesman warns oil could hit $200 amid conflict
The US government had repeatedly shown it understood only the language of force, Ebrahim Zolfaghari said
Business & Economy
Russian stock market declines at opening of main Moscow Exchange session
As of 10:00 a.m. Moscow time, the MOEX and RTS indices were down 0.23% at 2,592.34 points and 1,141.43 points, respectively
Business & Economy
Russia, Brazil in talks on long-term LNG contracts — minister
According to Maxim Reshetnikov, the negotiations enter the substantive stage
Business & Economy
Bangladesh ink fertilizer supply contract with Russian company
The Russian Embassy in Dhaka said this is the largest contract throughout the history of bilateral cooperation between the two countries in the fertilizer sphere
Business & Economy
Sales of new premium cars in Russia up 13% in April — statistics
According to the Avtostat analytical agency experts, premium cars account for a tenth of the Russian auto market
Business & Economy
Russia sees prospects for constructing nuclear power units in Brazil
Russian Economic Development Minister Maxim Reshetnikov noted that Rosatom fully meets the needs of Brazilian nuclear power plants
Business & Economy
Gas injection rates in Germany, France minimal since 2013 — Gazprom
the Russian gas holding said that Rehden, the largest UGS in Germany, is just 4.2% filled, which is one of the lowest levels for May 22 throughout the history of…
Business & Economy
Russia ready to increase supplies of coffee, tropical fruits from Brazil — minister
Maxim Reshetnikov said that Russia is also open to cooperation in healthcare and pharmaceuticals
Business & Economy
Russia meets almost third of needs of Brazil’s fertilizer market — minister
Maxim Reshetnikov said the Russian companies are implementing comprehensive investment projects
Business & Economy
Russia ratified economic partnership agreement between EAEU, Indonesia
Conditions were determined for further development and deepening of trade and economic cooperation in spheres of mutual interest, including customs cooperation, e-commerce, technical barriers in trade
Business & Economy
Paying More for Less Electricity in Cuba
In January of this year, I received an electricity bill for no less than 6,000 pesos (around an average Cuban monthly salary). The post Paying More for Less Electricity in…
Business & Economy
Russian ratified free trade agreement between EAEU, Indonesia
The agreement should create conditions for further development of trade and economic cooperation between the EAEU member-states and Indonesia
Business & Economy
Trade turnover between Russia, Brazil reaches $10.5 bln
The basis of trade is the supply of all types of Russian fertilizers and diesel fuel, Russian Ambassador to Brazil Alexey Labetsky said
Business & Economy
Bank of Russia lowers dollar rate to 71.55 rubles for May 26
The euro rate was increased by 2.9 rubles to 85.4493 rubles
Business & Economy
IN BRIEF: Bank of Russia says Visa, Mastercard should leave Russia
According to experts, the final withdrawal of Visa and Mastercard cards from Russia will be smooth and gradual, while users will calmly and progressively switch to Mir cards
Business & Economy
Russia built 26 hydrofoil ships in six years
Deputy Prime Minister Vitaly Savelyev emphasized that Russia made high-speed hydrofoil ships the mass kind of passenger transport
Business & Economy
Share of African countries in Rosoboronexport’s order portfolio totals 30% — CEO
Alexander Mikheyev said that Russia’s friendship with African countries is based on decades of good and trusting relations
Business & Economy
Russia to build 600 MW of energy storage units in 2026 — official
The pilot project on construction of 250 MW energy storage units is already being implemented in South Russia
Business & Economy
Hainan plans to attract over 700,000 specialists by 2030
The plan includes 44 measures across eight areas
Business & Economy
Bank of Russia points to need for Mastercard, Visa to leave Russian market
They no longer provide the functionality they always ensured, Director of the Bank of Russia’s National Payment System Department Alla Bakina said
Business & Economy
Price of Brent oil down below $97 per barrel on ICE first since May 11
The WTI oil decreased to $90.83 per barrel
Business & Economy
Share of non-cash payments in Russia to exceed 90% threshold by late 2026 or early 2027
According to Director of the National Payment System Department at the Bank of Russia Alla Bakina, the regulator does not see a clear trend towards increased use of cash
Business & Economy
Share of non-cash payments in retail turnover reaches 88.9% — Bank of Russia
According to the review, it grew by 0.9 percentage points over the quarter
Business & Economy
US LNG exports hit record high in March amid Middle East conflict
The share of shipments to Asia in total US LNG exports jumped to 24.4% in March from 14.5% in February, according to the report
Business & Economy
Rostec expects high demand for import-substituted Ka-226T helicopter
The KA-226T import-substituted helicopter has completed its maiden flight