Russia extends $150m loan as it signs oil exploration deal with Cuba

Russia extends $150m loan as it signs oil exploration deal with Cuba

30 Jul, 10:45 PM 37 comments

Russia and Cuba have signed agreements to search for oil in the Gulf of Mexico. Moscow has also extended the island $150 million in credit for construction materials and farm machinery.

Russian customs wants to know where you got your money Russian customs wants to know where you got your money

29 Jul, 04:09 PM 31 comments

The Russian customs service is proposing new rules to gather information about large amounts of cash brought into the country.

Airline passenger numbers fall 18% in Russia in 2009 Airline passenger numbers fall 18% in Russia in 2009

29 Jul, 03:17 PM 22 comments

Russia's airline industry saw passenger numbers slump by nearly a fifth in the first six months of 2009, although the depth of the slowdown eased in June.

IMF releases $3.3 billion loan installment to Ukraine IMF releases $3.3 billion loan installment to Ukraine

29 Jul, 11:47 PM 21 comments

The International Monetary Fund has approved the release of a $3.3 billion loan installment to Ukraine, bringing the total extended so far to about $10.9 billion.

Russian AvtoVAZ denies report of almost 28,000 jobs cuts Russian AvtoVAZ denies report of almost 28,000 jobs cuts

29 Jul, 11:15 PM 23 comments

AvtoVAZ vice president Igor Komarov has denied reports that job cuts were announced at an AvtoVAZ suppliers' meeting and has reaffirmed its commitment to preserving its workforce.

Russian court refuses to ban sale of Telenor's stake in Vimpelcom Russian court refuses to ban sale of Telenor's stake in Vimpelcom

29 Jul, 10:39 PM 20 comments

A Moscow court has refused to block the sale of Telenor's stake in Russia's second largest mobile phone company VimpelCom, paving the way for the Norwegian company to lose its Russian asset.

AvtoVAZ threatens layoff of 27,000 people AvtoVAZ threatens layoff of 27,000 people

28 Jul, 06:27 PM 21 comments

Falling auto sales in Russia are being felt close to home for workers at AvtoVAZ, Russia's biggest carmaker.

Russia’s TNK-BP profit down 50% in first half of 2009 Russia’s TNK-BP profit down 50% in first half of 2009

28 Jul, 12:08 PM 12 comments

TNK-BP International, Russia's third-largest oil producer, announced Tuesday that net profit had more than halved to $2.01 billion in the first half of 2009, from $4.7 billion a year ago, due to cheaper oil prices.



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