Category: Business & Economy

Twelve countries confirm participation in Arctic: Territory of Dialogue Forum

Twelve countries confirm participation in Arctic: Territory of Dialogue Forum

MOSCOW, January 18. /TASS/. Delegations from twelve countries confirm participation in the Arctic: Territory of Dialogue forum, due in April in St. Petersburg, press service of the event’s organizer – the Roscongress Foundation – said. Initially the forum was to take place in Arkhangelsk on April 9-10. On Thursday, Deputy Prime Minister Yuri Trutnev announced the forum would be organized in St. Petersburg. “As of today, twelve leading countries have confirmed their participation in the forum’s business program,” the press service said. Earlier, Deputy Prime Minister Trutnev said organizers received more applications than they had expected. The Arkhangelsk Region’s Governor Igor Orlov quoted 3,000 applications,…

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Bridge over Amur between Russia, China to be commissioned in spring 2020, says governor

Bridge over Amur between Russia, China to be commissioned in spring 2020, says governor

MOSCOW, January 18. /TASS/. The border bridge across the Amur River connecting Russia’s Blagoveshchensk and China’s Heihe will be commissioned in the spring of 2020, Governor of the Amur Region Vasily Orlov told reporters on Friday. “The plan is to construct the bridge at the end of 2019 and commission it in the spring of 2020,” he said, adding that concurrently a temporary cross-border checkpoint will be launched. It will start permanent operations in the summer of 2020. The construction of the cross-border motor bridge across the Amur River between Russia and China started at the turn of 2016. Its cost is estimated at around…

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Russia, Belgium to set up aviation hub in Liege in 2019, says foreign ministry

Russia, Belgium to set up aviation hub in Liege in 2019, says foreign ministry

© Alexandr Sherbak/TASS BRUSSELS, January 18. /TASS/. Russia and Belgium will set up a transport center for air freight traffic in Liege Airport this year, a source in the Belgian Foreign Ministry told TASS on Friday. The project may be essential for Western Europe given Great Britain’s looming withdrawal from the European Union (Brexit) that will bring about changes to the transport flows and spark unemployment in Europe. “Russia and Belgium are working on a project to create a center for air freight traffic in Liege Airport, which will add hundreds of jobs amid Brexit,” the source said, adding, “the project would be launched by this…

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Facebook, Twitter meet deadline for providing data on localizing Russian users’ data

Facebook, Twitter meet deadline for providing data on localizing Russian users’ data

MOSCOW, January 18. /TASS/. Facebook and Twitter have met the January 17 deadline for providing information about localizing Russian user data, the Russian media watchdog [Roskomnadzor] said in a statement on Friday. “On January 17, Roskomnadzor received responses from Facebook and Twitter,” the statement reads. “A month ago, we requested the two companies to provide information about their steps to move Russian user data to servers located in Russia. Today, we will assess the information we received and announce our future actions on Monday,” the watchdog added. Under the Russian law on personal data, which took effect on September 1, 2015, national and foreign companies…

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TurkStream line pipe in Serbia to be constructed before end of 2019

TurkStream line pipe in Serbia to be constructed before end of 2019

Gazprom CEO Alexei Miller © Valery Sharifulin/TASS MOSCOW, January 17. /TASS/. Construction of TurkStream line pipe in Serbia will be completed by the end of 2019, Gazprom CEO Alexey Miller said on Thursday in an interview with Channel One. He added that the length of the gas pipeline on the territory of Serbia will be 403 km. “The gas pipeline will run from the Serbian-Bulgarian to the Serbian-Hungarian border. As for the deadline, line pipe of the gas pipeline will be built before the end of 2019,” Miller said. “The length of the Serbian section will reach 403 km. Construction of a compressor station is planned,”…

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Russia and Serbia sign transport agreement for 230 mln euro

Russia and Serbia sign transport agreement for 230 mln euro

BELGRADE, January 17. /TASS/. Russia and Serbia signed on Thursday a transport agreement for 230 mln euro, which includes electrotechnical works on the Stara-Pazova – Novi-Sad section, which is scheduled to be completed by the end of 2021. The agreement also implies construction of a train control center in the republic. According to the national television, Director General of Russian Railways International Sergey Pavlov and Director General of the Infrastructure of Serbian Railways Miroljub Jevtic signed the document. “This is a logical conclusion of the joint work of Russian Railways and the Serbian colleagues. This is a logical continuation of our successful cooperation, which will…

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Serbia is interested in laying Turkish Stream pipeline through its territory

Serbia is interested in laying Turkish Stream pipeline through its territory

BELGRADE, January 17. /TASS/. Serbia needs bigger volumes of gas and is interested in laying part of the Turkish Stream gas pipeline through its territory, Minister of Mining and Energy of Serbia Aleksandar Antic told reporters. “Conversations on the construction of a part of the gas pipeline for Serbia are on the agenda and, without doubt, they are one of the most important. Serbia is extremely interested in building this part of the gas pipeline. I think we are very close to this,” said Antic, stressing that “Serbia, the neighboring countries, European countries have a great need for new gas.” Earlier Serbian President Aleksandar Vucic…

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Gazprom Neft intends to invest $1.4 bln in Serbia until 2025, says Putin

Gazprom Neft intends to invest $1.4 bln in Serbia until 2025, says Putin

BELGRADE, January 17. /TASS/. Russian company Gazprom Neft intends to invest $1.4 bln in Serbia until 2025, President Vladimir Putin said at a press conference after talks with Serbian President Aleksandar Vucic. “The leading Russian investor in the Serbian energy sector, Gazprom Neft, which has invested about $3 bln in the NIS subsidiary, also intends to invest another $1.4 bln by 2025,” Putin said. According to him, at present NIS is the largest tax payer in Serbia and one of the leading oil and gas corporations in Eastern Europe. Putin also noted that the Russian company Power Machines provides assistances to Serbia in the reconstruction…

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President Vucic invites Russian tourists to Serbia

President Vucic invites Russian tourists to Serbia

BELGRADE, January 17. /TASS/. Serbian President Aleksandar Vucic invited Russian tourists to visit Serbia more frequently. He made this statement before the start of extended consultations with Russian President Vladimir Putin. “I would like to tell the Russian people that they always have true friends, good friends in Serbia. I would like to use this opportunity and invite Russians to visit Serbia as often as possible. We believe that the number of tourists from Russia can be increased several times,” the Serbian leader said. Earlier, Serbian Ambassador to the Russian Federation Slavenko Terzic said that Serbia could receive 150-200,000 Russian tourists annually, whereas now 60-70,000…

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Putin hopes agreement on free trade zone between Serbia, EAEU to be signed already in 2019

Putin hopes agreement on free trade zone between Serbia, EAEU to be signed already in 2019

BELGRADE, January 17. /TASS/. Russian President Vladimir Putin expressed the hope that an agreement on the free trade zone between Serbia and the Eurasian Economic Union (EAEU) will be signed as early as 2019. “In our common opinion, new opportunities for expansion and diversification of commodity flows will open after the conclusion of an agreement on a free trade zone of Serbia with the Eurasian Economic Union. I expect that the document will be signed before the end of this year,” Putin said. The Russian leader noted that energy is one of the key areas of cooperation. “Russian gas exports to Serbia grew by 20%…

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Russia ready to invest $1.4 bln in project to continue TurkStream through Serbia

Russia ready to invest $1.4 bln in project to continue TurkStream through Serbia

BELGRADE, January 17. /TASS/. Russia is ready to invest around $1.4 bln in infrastructure development in Serbia to continue the TurkStream project through this country, Russian President Vladimir Putin said on Thursday answering a question from TASS at a joint press conference with Serbian President Aleksandar Vucic. He noted that Russia is ready and has the necessary resources for the implementation of projects for the continuation of the pipeline to Europe, and “many countries show interest in it,” but everything needs to be properly formalized. “Together with Serbia, we are working on it, it concerns development of infrastructure, including transit infrastructure on the Serbian territory.…

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Russia, Serbia sign package of documents after Putin’s talks with Vucic

Russia, Serbia sign package of documents after Putin’s talks with Vucic

BELGRADE, January 17. /TASS/. A package of bilateral documents were signed by Russia and Serbia on Thursday on the sidelines of Russian President Vladimir Putin’s visit to Belgrade. The ceremony took place after Putin’s talks with Serbian President Aleksandar Vucic. In particular, the two countries’ top diplomats signed a plan of consultations for 2019-2020, the governments signed an agreement in the sphere of peaceful use of nuclear energy on the basis of tested and innovative technologies. The sides also signed a joint statement on strategic partnership on the construction of a center of nuclear science, technologies and innovation. The sides signed a memorandum of understanding on…

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Alternatives to Russian oil found by Belarus will be beneficial for both, says ambassador

Alternatives to Russian oil found by Belarus will be beneficial for both, says ambassador

MOSCOW, January 17. /TASS/. The Russian side believes that if Belarus finds alternative options of oil supplies through the Baltic ports that will be in the interests of both Minsk and Moscow, Russia’s Special Presidential Envoy for Trade and Economic Cooperation with Belarus, Ambassador to Minsk Mikhail Babich said in an interview aired by the Rossiya-24 TV news channel on Thursday. “If our partners find oil cheaper than Russia’s they will earn more, which we cannot but be excited about. Then they will earn more and be able to solve their social and economic tasks, which will be in the interests of both the Republic…

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Kola MMC invests 120 million rubles in electrical substation’s upgrade

Kola MMC invests 120 million rubles in electrical substation’s upgrade

MURMANSK, January 17. /TASS/. The Kola Mining and Metallurgical Company (Kola MMC, a part of Nornickel) finalized reconstruction and upgrade of its electrical substation, which supplies electricity to the nickel electrolysis shop’s departments. According to the company’s press service, the investments, Kola MMC invested 120 million rubles ($1.8 million) in the project. “Work on the substation continued for about 18 months,” the press service said on Thursday, adding the investments made 120 million rubles. The new distributing facility meets all modern production and safety requirements. The upgraded substation will offer reliable electricity supplies to the nickel electrolysis shop’s electrolysis department, where the company implements a…

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Russia’s metals mogul files libel lawsuit against Communist Party leader

Russia’s metals mogul files libel lawsuit against Communist Party leader

MOSCOW, January 17. /TASS/. Russian metals billionaire Oleg Deripaska has lodged a lawsuit with Moscow’s Tverskoy court demanding Communist Party leader Gennady Zyuganov pay him 1 mln rubles ($15 mln) in moral damages over his “insulting and unacceptable” remarks, the businessman’s official spokesperson told TASS. According to her, the veteran Communist Party leader made a statement at a session of the lower house of parliament, the State Duma, on January 9 calling Deripaska’s business “fraudulent and criminal.” “We consider Gennady Zyuganov’s statement on Oleg Deripaska’s involvement in the ‘fraud’ insulting and unacceptable and will defend our position in the legal field. A lawsuit demanding compensation…

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Indiga port’s project may be presented in spring

Indiga port’s project may be presented in spring

MOSCOW, January 16. /TASS/. A project on development of the Indiga port in the Nenets Region will be presented within two coming months, the region’s Governor Alexander Tsybulsky told TASS on Wednesday. “I hope, it will happen within two months; currently, specialists eye tariffs for cargo deliveries to the Indiga port,” he said on sidelines of the Gaidar Forum According to the governor, potential investors are ready to participate in the project. “The Indiga project’s advantage is that we have investors, who are prepared to invest up to 100 billion rubles ($1.5 billion)…,” he said. “Those are up to five our biggest businesses, working in…

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Putin admits to ‘pleasant sense of pride’ from ASI work

Putin admits to ‘pleasant sense of pride’ from ASI work

MOSCOW, January 15. / TASS /. Russian President Vladimir Putin admitted that the work of the Agency for Strategic Initiatives gives him “a pleasant sense of pride,” said he on Tuesday at the ASI Supervisory Council meeting, where the results of the agency’s work in 2018 are discussed. “This gives me such a pleasant sense of pride for you,” he said, Among the achievements of ASI, President Putin called the improvement of the legal framework and business conditions in the country support for more than 350 projects, as well as the implementation of voluntary social initiatives. “The agency has developed a unique mechanism for solving…

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Shokhin expects US sanction against Rusal to stay in place

Shokhin expects US sanction against Rusal to stay in place

MOSCOW, January 15. / TASS /. The head of the Russian Union of Industrialists and Entrepreneurs (RSPP), Alexander Shokhin, expects that US sanctions against Rusal will stay in place, said he on Tuesday on the sidelines on the Gaidar Forum. “They [sanctions] will stay as is; the Democrats have already settled in their places, they will start now. First of all against Rusal. Stephen Mnuchin did not seem to convince the Democrats in Congress that it is necessary to take the sanctions off “Rusal,” said Shokhin. In April 2018, the United States added Rusal, En +, Eurosibenergo and others to the sanctions list because of…

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Russia, Zimbabwe inked license agreement on Darwendale platinum deposit

Russia, Zimbabwe inked license agreement on Darwendale platinum deposit

MOSCOW, January 15. /TASS/. Russia and Zimbabwe signed a range of agreements for implementation of a joint project on development of the Darwendale platinum group metals deposit. Documents were signed in presence of Russian President Vladimir Putin and President of Zimbabwe Emmerson Mnangagwa after their talks. In particular, a license agreement on mineral resources mining on this field was signed. Furthermore, a memorandum of understanding was signed between the African Export-Import Bank and the Russian-Zimbabwean Great Dyke Investments on provision of project financing by this bank in the amount up to $192 mln. Great Dyke Investments also signed a memorandum with the African Financial Corporation…

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President Putin sees several pilot projects at ASI exhibition

President Putin sees several pilot projects at ASI exhibition

MOSCOW, January 15. / TASS /. Russian President Vladimir Putin was introduced to concept of the boiling point development space at the exhibition of the Agency for Strategic Initiatives (ASI) on Tuesday. There are already 19 such centers all over Russia and by the end of the year, they will appear in another 100 regions. A pilot project is slated to open in Belgrade, Serbia. At the boiling point of Moscow, Putin saw one of the developments within the National Technical Initiative – portable charging for electronic devices, which can be used in the field as an individual beacon, flashlight and autonomous voltage source, its…

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Zimbabwe’s president hopes for Russia’s economic support

Zimbabwe’s president hopes for Russia’s economic support

MOSCOW, January 15. /TASS/. During the negotiations with Russian President Vladimir Putin, Zimbabwe’s President Emmerson Mnangagwa expressed his hope that Russia would lend a helping hand to Zimbabwe as its senior partner. “There is a very long history of cooperation between Zimbabwe and your great country,” the leader of Zimbabwe addressed the Russian leader. He stated that Russia supported Zimbabwe during the struggle for independence and that Russia helped train the country’s military. In his speech, the African leader highlighted the need for economic cooperation between Russia and Zimbabwe, a “developing, third-world country.” “You, as a senior brother, you can hold my hand as I…

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Russian businessmen Deripaska, Vekselberg will take part in Davos Forum

Russian businessmen Deripaska, Vekselberg will take part in Davos Forum

MOSCOW, January 15. /TASS/. Businessman Oleg Deripaska will take part in the World Economic Forum in Davos, Switzerland, as the chairman of the Volnoye Delo foundation. This is according to the forum’s official program published on Tuesday. However, Deripaska’s participation in panel discussions and sessions has not yet been announced. Owner of the Renova group Viktor Vekselberg, will attend the event as President of the Skolkovo Foundation, according to the program. The lists of participants also includes FIDE President Arkady Dvorkovich, main owner of NLMK Vladimir Lisin, the main shareholder of Severstal Alexey Mordashov, co-owner of the USM holding Alisher Usmanov, head of Yandex Arkady…

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Zimbabwe is important partner in Africa for Russia, says Putin

Zimbabwe is important partner in Africa for Russia, says Putin

MOSCOW, January 15. /TASS/. Moscow would like cooperation between Russia and Zimbabwe to benefit the two countries and make a weighty contribution to the implementation of the development program of that African country, Russian President Vladimir Putin said at the talks with his Zimbabwean counterpart Emmerson Mnangagwa. “You won a convincing victory in the election fairly recently. The people of your country expect effective work. We are ready to do our utmost to make sure that cooperation between our countries benefits our countries, our peoples, that it makes a weighty contribution to the implementation of the plans and the program, which you have outlined for…

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Medvedev chides some states aggressive policies raising uncertainty in global economy

Medvedev chides some states aggressive policies raising uncertainty in global economy

MOSCOW, January 15. /TASS/. The policy of aggressive pressure conducted by a number of countries, including illegal sanctions and the arrest of managers of large foreign companies, increases uncertainty in the global economy, Prime Minister Dmitry Medvedev said speaking at a plenary session of the Gaidar Forum. “On the one hand, this [current] level of uncertainty in the global economy and in national economies has objective reasons which are: this is, first of all, the speed of technology development, actually, this is the price we pay for technological progress. But on the other hand, – and this is the saddest thing about it – it…

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MC-21 aircraft to be certified in 2020

MC-21 aircraft to be certified in 2020

MC-21 passenger jet © Marina Lystseva/TASS MOSCOW, January 15. /TASS/. Certification of MC-21 passenger jets currently undergoing trials will take place in 2020 according to the plan, President of the United Aircraft Corporation Yuri Slyusar said on Tuesday on the air with the Rossiya-24 TV Channel. “Specimens are currently made from domestic raw materials already. These specimens are under tests now and will be introduced into the aircraft design at the next stage. That is, there will be no postponement in certification. Aircraft already flying will get this certificate in 2020,” the top manager said. The MC-21 aircraft project will be implemented with a composite wing…

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PM Medvedev believes global trend of abandoning dollar will only grow

PM Medvedev believes global trend of abandoning dollar will only grow

© Kirill Kukhmar/TASS MOSCOW, January 15. /TASS/. Russian Prime Minister Dmitry Medvedev is confident that the global trend of abandoning the dollar in the world will only grow. “Obviously, the trend to reduce dependence of national economies on the dollar will only increase. Economic actions such as sanctions and protectionism of the most powerful player in the economic arena only increase tensions,” he said at the plenary meeting of the Gaidar Forum. Medvedev recalled that Russia and the European Union were discussing how to protect their economic ties with Iran from sanctions due to the US withdrawal from a nuclear deal. The European Commission has prepared…

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Medvedev chides certain states aggressive policies’ raising uncertainty in global economy

Medvedev chides certain states aggressive policies’ raising uncertainty in global economy

MOSCOW, January 15. /TASS/. The policy of aggressive pressure conducted by a number of countries, including illegal sanctions and the arrest of managers of large foreign companies, increases uncertainty in the global economy, Prime Minister Dmitry Medvedev said speaking at a plenary session of the Gaidar Forum. “On the one hand, this [current] level of uncertainty in the global economy and in national economies has objective reasons which are: this is, first of all, the speed of technology development, actually, this is the price we pay for technological progress. But on the other hand, – and this is the saddest thing about it – it…

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Diplomat slams US ambassador’s ‘unacceptable’ letters to German firms over Nord Stream 2

Diplomat slams US ambassador’s ‘unacceptable’ letters to German firms over Nord Stream 2

© ITAR-TASS/Vladimir Smirnov MOSCOW, January 14. /TASS/. Russian Foreign Ministry’s official spokeswoman Maria Zakharova described as unacceptable the actions of US Ambassador to Germany Richard Grenell who earlier sent letters to German companies warning them of possible US sanctions over their participation in the Nord Stream 2 gas pipeline project. “Of course, this is unacceptable. This is not part of the ambassador’s responsibilities, to say the least. In fact, it contradicts them,” Zakharova told Rossiya-1 TV channel. She also described Grenell’s actions as part of a long-term program against Russia. “There is a big program on deterring our country, which has been historically implemented,” she explained.…

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Snowmobile expedition across Russian Arctic kicks off from Murmansk

Snowmobile expedition across Russian Arctic kicks off from Murmansk

TASS, January 15. The Northern Path 2019 snowmobile expedition kicked off from Murmansk in early January. The group’s leader Alexander Tabakov told TASS three racers from Magnitogorsk would cross the Russian Arctic from the Murmansk Region to Kamchatka within three months. “We start from Murmansk, then go to Arkhangelsk, Naryan-Mar, Salekhard, Dikson, northern Taimyr, the Cheluskin Cape, Khatanga, Tiksi, Pevek, Uelen, Anadyr and further on to Kamchatka, where we shall try to make it to the Lopatka Cape – Kamchatka’s southern point, if the spring allows,” he said. “We plan the snowmobile expedition will take about three months.” Thus, the route of about 17,000 km…

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US ambassador’s letters to German companies over Nord Stream 2 “unacceptable” — diplomat

US ambassador’s letters to German companies over Nord Stream 2 “unacceptable” — diplomat

© ITAR-TASS/Vladimir Smirnov MOSCOW, January 14. /TASS/. Russian Foreign Ministry’s official spokeswoman Maria Zakharova described as unacceptable the actions of US Ambassador to Germany Richard Grenell who earlier sent letters to German companies warning them of possible US sanctions over their participation in the Nord Stream 2 gas pipeline project. “Of course, this is unacceptable. This is not part of the ambassador’s responsibilities, to say the least. In fact, it contradicts them,” Zakharova told Rossiya-1 TV channel. She also described Grenell’s actions as part of a long-term program against Russia. “There is a big program on deterring our country, which has been historically implemented,” she explained.…

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