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News // Поиск по тегу 'economy'

Agreement on compensations for Belarus after Russian oil industry taxation adjustments

Minsk and Moscow have agreed to work out compensating mechanisms for the Belarusian economy.

28 August 2018 , 12:10Neftegaz.RU0

Russia cites trade wars as a negative factor for oil prices

A report from the Russian Ministry of Energy attributed a recent slump in the price of crude oil.

03 August 2018 , 16:08Daniel J. GraeberNeftegaz.RU0

Russia's trade surplus jumps 42.6 % in 1st 5 months

Russia's trade surplus surged 42.6 % year-on-year to $81.4 billion U.S. dollars.

10 July 2018 , 10:11Neftegaz.RU0

No time to relax on the economy, Russia says

«I would like to note that in the 1st 5 months of this year the macro-economic situation has been generally stable,» Russian President Vladimir Putin said at a Kremlin meeting. «Positive trends are being posted in key areas.»

09 July 2018 , 00:05Daniel J. GraeberNeftegaz.RU0

Moscow and oil companies agree on oil export duty phase-out

The Russian energy and finance ministries agreed with oil companies to start cutting the export duty on crude gradually.

08 June 2018 , 14:06Irina SlavNeftegaz.RU0

Russia to see oil revenues jump fivefold

Due to the oil price rally, Russia expects its oil and gas revenues to jump fivefold compared to the expected revenues set in its 2018 budget, according to the Finance Ministry that now expects Russia to post a budget surplus for the first time since 2011.

14 May 2018 , 00:02Tsvetana ParaskovaNeftegaz.RU0

Putin: We survived the oil price collapse

With higher oil prices, the Russian economy is more stable and spinning value into real incomes for its people, its president told government employees.

07 May 2018 , 17:25Daniel J. GraeberNeftegaz.RU0

World Bank to stop financing upstream oil & gas after 2019

World Bank announced it will stop the financing of oil and gas exploration and extraction.

13 December 2017 , 10:12Neftegaz.RU0

Oil production cuts taking a toll on Russia’s economy

The OPEC/non-OPEC production cuts hurt Russia’s economic growth in October.

24 November 2017 , 14:12Tsvetana ParaskovaNeftegaz.RU0

Oil and gas tax revenue driving Russia forward

Revenue collected from the oil and natural gas industry in Russia is in part behind the 19 % gain from last year.

20 November 2017 , 17:30Daniel J. GraeberNeftegaz.RU0

Italy may sell Eni stake to pay off national debt

 Italy could soon sell its stake in Eni to pay down debts.

07 November 2017 , 16:15Zainab CalcuttawalaNeftegaz.RU0

Russian budget deficit revised lower

With oil prices holding steadily above $50 per barrel, the Russian government said it revised its estimate for the budget deficit lower by 5 %.

02 October 2017 , 11:00Neftegaz.RU0

Transit of Belarusian oil products via Russian seaports hinges on economic sense

Belarus Deputy PM Semashko commented on the possible transport of Belarus' petroleum products through Russian infrastructure.

18 September 2017 , 10:29Nefetgaz.RU0

Russia says it's doing more than it needs to for oil market balance

Russia is doing more than it needs to in order to move the level of oil on the market closer to the 5-year average.

14 September 2017 , 10:14Neftegaz.RU0

Russia’s Economy Minister: Russia can live forever at $40 oil

The current underlying key assumption of Russia’s economic policies -oil prices at $40 - can allow it to live forever at that price or below.

02 June 2017 , 16:12Tsvetana ParaskovaNeftegaz.RU0

Russia trims interest rate on steady inflation decline

The Russian central bank lowered its key interest rate by half a percentage point to 9.25 %, citing the alleviation of inflationary pressure.

02 May 2017 , 10:12Neftegaz.RU0

IMF: Russian response to low oil prices «comprehensive»

The Russian economy is on the slow path to recovery as it rebounds from the shock triggered by the collapse in crude oil prices, the head of the IMF said.

18 April 2017 , 18:00Neftegaz.RU0

Russia sees slow economic growth irrespective of oil prices

Even if crude oil prices move above $60 per barrel, the Russian economy likely won't expand much more than 1 %, the head of the central bank said.

05 April 2017 , 16:11Daniel J. GraeberNeftegaz.RU0

Lukoil could be forced to sell a 3rd of Russian gas stations

Challenging economic conditions may push Lukoil to sell over 700 gas stations in Russia before the end of the year.

28 March 2017 , 18:00Nefetgaz.RU0

Will Russia ditch its ambitious oil tax reform?

2018 was supposed to be a transformative year in Russia – presidential elections are looming, the Russian economy is expected to bust out of its current slump and the oil sector’s tax regime was set for significant changes. The long-mooted move to implement a switch to an excess-profits tax-based (EPT) regime has long been the pet project of Russia’s Ministry of Finances, yet recent developments suggest the ambitious scope of the proposed reforms will most likely be brought to naught.

27 March 2017 , 00:03Viktor Katona, Expert at the Russian International Affairs Council in BudapestNeftegaz.RU0