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Russian ministry sees inflation slowing down to 6.5%7.5% in 2016

Russias inflation will slow down to 6.5%7.5% in 2016 and to 5% in 2018, the Economic Development Ministry said in its adjusted macroeconomic forecast for 20162018 published on the Web site on Thursday.

CEO: Russias VTB Bank hopes for Mechel debt restructuring by Jul

Russias VTB Bank expects to come to terms with debt-ridden mining and metals group Mechel over debt restructuring until the end of June, the banks CEO Andrei Kostin told reporters Thursday.

Russia delays satellite launches by 23 mos after Proton-M crash

Russia has delayed a launch of connection satellites by two to three months because of a crash of the Proton-M launch vehicle earlier in May, Communications and Mass Media Minister Nikolai Nikiforov told reporters Wednesday.
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MOSCOW, Apr 23 (PRIME) -- Basel Aero, which manages airports in Russias Krasnodar Region, is in negotiations with Chinese airlines on direct connection between Beijing and the Black Sea resort of Sochi, CEO Leonid Sergeyev said in an interview told with PRIME published Thursday.
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