Severstal outlays $US 140 million for WCI Steel: comments

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With gold prices hitting all time highs should Russia to be thinking of selling some of its reserves?

Small oil & gas businesses to get tax breaks An improved taxation system and more assistance for independent oil producers are the measures the government is ready to implement to support the oil and gas industry. The plans were announced as Prime Minister...

Sukhoi targets Chinese and Brazilian markets The head of Russian aircraft maker Sukhoi says England’s Farnborough International Airshow this week will see new orders for both its civilian and military planes. In an interview with Business Today, Mikhail Pogosyan...

Russia’s largest bank hires debt collectors Sberbank is about to hire debt collectors for the first time in its history. RT takes a look at how the move could affect Russia’s market in debt recovery.

Fuel prices threaten Russia’s car culture Despite having more oil than almost anybody else, Russians still have to dig deep when paying for fuel at the pumps.

New Board member for TNK-BP elected on Friday Stan Polovets, the chief executive of the AAR consortium which represents Russian shareholders, has won a seat on the TNK-BP board.

Aeroflot calls for duties on jet fuel exports Russia's largest airline, Aeroflot, has called for duties to be imposed on jet fuel exports, in an effort to hold down record prices.

Rostecnology may join Metalloinvest to develop Udokan copper field Russian state corporation Rostecnology will join up with steel maker Metalloinvest to jointly develop the huge Udokan copper field, if Metalloinvest wins the tender for it.

Russia considering Oman’s stake in CPC Russia is considering buying Oman's stake in the Caspian Pipeline Consortium according to Deputy Prime Minister Igor Sechin.

Sukhoi looks for new Superjet orders at Farnborough Russian aircraft company Sukhoi plans to sign new contracts for 30 Superjet 100 regional airliner at the Farnborough airshow in Britain next week.

Evroset running leaderless after chief's contract expires Russia's largest mobile phone retailer – Evroset – is running without a president and financial director after the company's head, Aleksey Chujkin, did not have his contract renewed when it expired...

New faces for state run boardrooms The Russian government has started a program to replace government officials on state-run companies' boards of directors with independent directors.

Oil platforms give Sevmash new lease of life A Russian company will complete construction of one of the most unique offshore oil platforms by 2010. Sevmash, on the White Sea, used to make the world's biggest nuclear submarines, but now its helping to fulfill...

Russian car market picks up speed Car drivers around the world are feeling the pinch as the cost of petrol continues to rise. Despite this, Russia's auto market is constantly growing with sales of foreign cars up 47% in the first half of 2008.

Russia leads Europe in car sales Drivers around the world are feeling the pinch as the cost of petrol continues to rise. Despite this, Russia's auto market is going from strength to strength and is now Europe's largest, having overtaken Germany in...

Financial pyramids make comeback in Russia The 1990s in Russia was a time of financial uncertainty. The Soviet Union had collapsed and people had no confidence in banks or roubles. With high inflation, saving money for the future was not an option. Little...

New limits on Russian companies listing abroad Russian regulators have introduced new limits on companies listing abroad.

Getting the good oil With oil prices at a record high, Russia’s oil giants have to keep on investing to find new fields – and get every last drop out of existing ones. RT traveled to the far northern Komi republic to talk to one...

Russia can be regional financial center. The Head of Federal Financial Markets Service Vladimir Milovidov says Russia meets all the requirements to become a regional financial center.

Russian banking weathers the global storm As banks around the world continue to experience losses in a time of financial turmoil, the under developed state of the Russian financial sector means it's been largely unaffected by the crisis.

Gazprom to snap up all Libya’s oil and gas Energy-rich Libya has approved an offer by Russia's gas monopoly, Gazprom, to buy all its hydrocarbon exports.

Russia's car market becomes Europe's biggest Russia overtook Germany to become Europe’s top car market in the first half of this year according to a report by PricewaterhouseCoopers.

Rusal hits out at Norilsk Nickel board Aluminium giant Rusal has hit out at the result of Norilsk Nickel's shareholders meeting, where Vladimir Potanin was elected board chairman. The appointment gives Potanin more power to resist Rusal's takeover ambitions,...

Russian authorities launch new probe into TNK-BP Financial Times reports Russian labour and tax authorities commence new probe into TNK-BP

Medvedev calls for the rouble to become reserve currency Russian President Dmitry Medvedev says the rouble should become a reserve currency. But inflation and dependency on other world currencies is holding this ambition back.

Medvedev calls for grain summit At the G8 meeting in Japan, Russia's president Dmitry Medvedev has called for a grain summit, in response to soaring world food prices. He said leaders have agreed to create special funds to provide aid to States...

Vimpelcom sets sights on Vietnamese mobile market Russia's second largest mobile phone operator Vimpelcom is to invest almost 270 million dollars in a joint venture with Vietnam's Global telecommunications Corporation.

Rusal wants changes on Norilsk Nickel board Oleg Deripaska's aluminium maker – Rusal – wants to replace Norilsk Nickel's newly-elected board of directors and its chairman – Vladimir Potanin.

Sukhoi shows off its new super agile fighter Sukhoi, one of Russia's most famous names in aviation, has shown off its latest fighter jet, the super agile Su-35. The firm expects large orders from its traditional Asian clients like Malaysia and China, and hopes to...

Robert Dudley survives as CEO of TNK-BP Robert Dudley, CEO of Anglo-Russian oil giant TNK-BP, has survived a vote on whether to extend his contract. Victor Vekselberg, a member of the TNK-BP board representing Russian shareholders, had called for the...

Gazprom CEO forecasts doubling of Central Asian gas price Alexei Miller forecasts that Gazprom will be paying double for gas puchased in Central Asia, and that European customers could be paying more than $US 500 per thousand cubic metres by the end of 2008.

Severstal outlays $US 140 million for WCI Steel: comments

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