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Economy Minister: Russias economy may fall 2.62.8% in 2015

BREST, Belarus, Jul 27 (PRIME)
Russias gross domestic product (GDP) will contract 2.62.8% in 2015 after falling 3.4% in JanuaryJune, but the situation is better than expected at the start of the year, Economic Development Minister Alexei Ulyukayev said at a meeting with Belarus Economy Ministry on Monday.

Minister: EU urges Russia to talk on gas supplies to Ukraine Aug

The Russian government is considering an E.U. proposal to discuss conditions of further gas supplies to Ukraine in August, while Moscows position is that it is unreasonable to negotiate the supplies before September, Energy Minister Alexander Novak told reporters Tuesday.

Exec says Russias Rostec still interested in Udokan field

Industrial corporation Rostec is still interested in joining the development of Russias largest copper field Udokan, Roman Deniskin, head of Rostecs strategy department, told reporters Wednesday.

FOCUS: Russias VKontakte slaps Instagram with own photo app Snapster

Russian social network VKontakte, owned by Internet giant Mail.Ru Group, has launched its own photo service, called Snapster, to compete with Facebooks Instagram. The network wants to take advantage of its wide audience and segment the local market via its new service, whose creation did not cost much, analysts said.
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