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Pakistan has conveyed to Russia that it would not award multibillion-dollar projects to US-sanctioned entities as such a move had already resulted in hampering progress on the North-South gas pipeline [...]

The Russian budget remains a political football subject to various factions and in the midst of almost intractable economic troubles. Interest groups with a voice include the International Monetary Fund, reformers, the Russian Central Banks, traditionalists, and parliamentary factions. They have trouble agreeing on a single set of starting-point figures as well as the rules of the game they are playing. Inflation control remains the overarching problem, with most methods of financing current spending contributing to it. Recent survey figures are unreliable, and the revenue projected may be illusory.

Since the fall of the Berlin Wall late in 1989, successive G7 and EU summits have always had the issue of financial aid to the Moscow reformers high on their [...]

Byline: Olga Zaretzkaya, Emilie Marsh, Kavita Daswani, Katie Freedman, Karyn Monget, Nina Jones, Patty Huntington, Rose Apodaca Hothouse Flower Could the voracious Russian market for luxury be peaking? That's the [...]

Byline: Amanda Kaiser ROME -- Burberry opening in Moscow and Saks Fifth Avenue entering the Middle East are just the beginning. Despite the recent buzz surrounding China, the Asian giant [...]

Malaysia is acquiring 10 search and rescue (SAR) helicopters from Russia for its air force, in a deal involving possible offsets for local aerospace company Airod. Industry sources say the [...]

Enjoying the first strong economic growth for three decades, the state's finances have never looked so healthy. The Kremlin has been using windfall oil revenues to pay down international debt, [...]

In Bulgaria a tender for assisting in meeting the environmental acquis and institution building is open until November 25 Lithuania has published a tender for creating a framework for economic [...]

The vexed EU food delivery programme for Russia, agreed in 1998, and initiated and then suspended in 1999, is still stalled. The European Commission says the Russian Government has not [...]

MOSCOW - Russia has taken the first steps in restructuring its substantial state pension scheme to fund some of its future liabilities. In January, the government revamped the pay-as-you-go Pension [...]

Before gaining the trust of the U.S. and other international energy investors, Russia must first prove to be trustworthy by honoring several pending energy investment projects, said the Bush administration. [...]

* The restructuring of a $7m gas debt to Russia will be discussed in Moscow shortly. Russia supplies the country with 5m cm/d, for which it was paid $25m last [...]

Tim Furniss/LONDON Completion of the International Space Station (ISS) could be delayed again due to Russia's lack of resources. With the next major element of the station being provided by [...]

Gold reserves have increased by $11 bn since the beginning of this year, reaching $24.2 bn on September 8 (vs. $17 bn in 1998). Industrial output has increased by 22.4% [...]

Money deposited in private bank accounts in Russia grew by 20% over the course of the first live months of [...]

Convinced that the Russian stockmarket is ready for this degree of investment sophistication, Moscow's Troika Dialog has hunched an index tracker fund. Helen Davidson reports on the fund's chances of [...]

Capitalism is flourishing in Russia, but along with the benefits come some negatives. Microsoft released its Windows 2000 operating system to retailers Feb. 17, but Moscow street vendors have been […]

MOSCOW LUCKY Russia. An extra $2 billion a year is flowing into official coffers thanks to higher oil prices, and, despite its unpaid debts, it will keep most of it. [...]

Russia's debt will not be written off, but repayment terms will be eased significantly. After a $4.5 billion loan-renewal from the IMF, the Paris Club of government creditors agreed to [...]

The collapse of the Russian ruble. Long-Term Capital Management's sudden swoon. The crash of the Indonesian economy. Economic conflagration in Brazil. The rapid withering of liquidity in the subprime lending [...]

An American financing group has decided to accept vegetables as repayment from Russian vegetable farms for providing credit to them. The group will then wholesale the vegetables. Russian Farms International Fund investment analyst Carl Burch said that Russian farmers had great difficulty in paying back the debts after the Russian financial collapse during the fall of 1998.

The majority of the cash that commercial Russian banks took from millions of Russian depositors can be found in the accounts of US and other offshore banks that are controlled by Russian firms, institutions, and individuals. The banks took the depositors' money before essentially declaring bankruptcy in August 1998. The US can help Russian depositors in getting back the money. US banks can gain a major market share in Russian banking if they assist US officials in seeking out the accounts where the money has gone through.

BNY Melon has reported that depository receipt (DR) trading has risen by 8.3% to more than 78 billion DR in the first half of 2010 and was valued at a recoord $1.84 trillion. India and China has raised more than $4.1 billion from DR offerings while Russian and Brazilian companies DRs were also actively traded. Insights on several innovations in the DR market are also given.