WASHINGTON, Jan 21 (PRIME)
IMF says worsens Russia’s 2019–2020 GDP growth forecastsWASHINGTON, Jan 21 (PRIME) -- The International Monetary Fund (IMF) has worsened its Russia’s 2010 gross domestic product (GDP) growth forecast by 0.2 percentage points and 0.1 percentage point in 2020 to 1.6% and 1.7%, respectively, the IMF said on Monday in its World Economic Outlook.
Cbank approves plan to prevent Moscow Industrial Bank bankruptcy
MOSCOW, Jan 22 (PRIME)Russia’s central bank has approved a plan of measures to prevent bankruptcy of Moscow Industrial Bank and assigned the functions of temporary administration of the bank to the management company of the Banking Sector Consolidation Fund, the regulator said on Tuesday.
Rosneft says JV may launch petrochemical plant in India in 2022
MOSCOW, Jan 21 (PRIME)Nayara Energy Limited, a joint venture of Russian oil major Rosneft, which owns 49.13%, plans to launch a U.S. $850 million petrochemical plant in India’s city Vadinar in 2022, Rosneft said in a statement on Monday.
House of Representatives lashes out at lifting Deripaska sanctions
WASHINGTON, Jan 18 (PRIME)The U.S. House of Representatives condemned late on Thursday the actions of the presidential administration on lifting sanctions from assets of Russian tycoon Oleg Deripaska.
FOCUS: Govt wants state firms to prioritize local soft amid digital autonomy woes
MOSCOW, Jan 21 (PRIME)The Russian government stands firm on its policy to substitute imported information technologies and wants the share of local software exploited by state companies to reach 70% by 2024. Analysts say that while national software makers lead in antiviruses and lag behind their foreign peers in office programs and management systems, the measure serves the purpose of digital independence.
MOSCOW, Dec 4 (PRIME) -- The euro may become an alternative payment means for trade settlements between Russia and Argentina, Russian ambassador to Argentina Dmitry Feoktistov said in an interview with PRIME released on Tuesday.