MOSCOW Russia is taking a leaf out of the U.S. shale playbook so it can ramp up oil production quickly and hang on to its share of the global market when demand finally recovers after the coronavirus pandemic.
MOSCOW The Kremlin has asked some Russian companies to mount internal information campaigns to boost turnout in a nationwide vote on constitutional reforms that could allow President Vladimir Putin to keep power until 2036, documents seen by Reuters show.
MOSCOW The head of Russia's sovereign wealth fund Kirill Dmitriev sees no point in extending strict global oil output cuts as world economies and oil demand recovers from the depths of the coronavirus crisis, he told the RBC Daily newspaper.
MOSCOW Russian conglomerate Sistema and the Russia-China Investment Fund (RCIF) have cut their stakes in children's goods retailer Detsky Mir in Moscow's first share offering since the coronavirus pandemic struck.
* Sberbank plans to transform into banking-to-online group
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MOSCOW Russia has earmarked 5 trillion roubles ($73 billion) to jump-start its economy through end-2021, its premier said on Tuesday, as the country eases a prolonged coronavirus lockdown which cost it jobs and triggered the deepest contraction since 2009.
* Central bank sees bad loans peaking in H2 or early 2021
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MOSCOW Russia plans to dig deeper into its rainy day fund, double borrowing and postpone some national projects, Finance Minister Anton Siluanov told the Vedomosti business daily, as coronavirus is seen knocking the economy down even harder than sanctions.
MOSCOW President Vladimir Putin extended coronavirus lockdown measures for another two weeks on Tuesday, while ordering his government to begin preparations for a gradual lifting of the curbs from mid-May.
MOSCOW Russia overtook China in the number of confirmed coronavirus cases on Monday, when its tally climbed above 87,000, as pressure rose on the government to consider easing lockdown restrictions for businesses to help shore up the rattled economy.