Oil prices may fall “significantly below” $ 100 per barrel in 2015-2017, this sum being forecasted by the Ministry of Economic Development of the RF, the Deputy Finance Minister of Russia Aleksei Moiseev believes. He connects the possibility of oil prices reduction with the reducing influence of geopolitical risks.

“Rosneft” that has asked for the state financial aid in the amount 1.5 trillion roubles from the funds of NWF can count upon a sum many times smaller than that, the Minister of Economic Development Aleksei Ulyukayev said. The Ministry of Energy proposes to support certain investment projects of the company.

Parliament in action is back after its summer hiatus, with stories of movie bans and high costs to spook bribe-takers and drunk drivers.

Russian economy continued to drift to zero in July. Investments recovery stopped, and the growth of private consumption was much slower than in the second quarter.

Click here to find out whether Russia will get a new banknote featuring Crimea, what steps could help Russian journalists on assignments in Ukraine and how the authorities are going to conduct Safe Sex campaigns without any advertising.

Inflation in May 2014 was 7.6% on an annualized basis, Rosstat reported. This is more than in April (7.3%) and ever in 2014. It is also above the key rate of Russian Central Bank and higher than inflation forecasts for the end of the year.

In this week's review, we look at legislative attempts to regulate the language, the move to close loopholes for Russia-based tax-evading Americans and a bill to keep dangerous criminals locked up without the chance of an early release.

The St Petersburg International Economic forum has generated 269 billion roubles in deals in spite of the pressure from Washington on participants.

Russian MPs are introducing new restrictions aimed at state officials, ordinary folks and NGOs. Click here to find out more.

About 15 Russian banks suspended cooperation with Contact money transfer system.

Rosneft boasts positive operating and financial results for 1Q 2014 amid fears for the future after its president has been placed on the US black list.

The Russian government is mulling the establishment of the national credit rating agency to break the monopoly of the big troika amid threats of further sanctions coming from the West.

VKontakte shareholders announced that the social media cofounder Pavel Durov has been dismissed as the company’s CEO.

US has warned mutual fund and hedge fund managers of possible further sanctions against Russia. Washington, however, has denied any personal penalties against the Kremlin.

BP could be the biggest loser in the west-east stand-off over Ukraine if the situation deteriorates further, according to independent analysts. The British oil giant has come under increasing pressure from its shareholders over its close relations with Russia’s Rosneft.

Yo-Engineering Company projecting "Yo-mobile", transferred to FSUE NAMI all the design documentation and the exclusive rights to know-hows in a number of designs. Yo-Mobile hybrid project publicly announced by Mikhail Prokhorov in 2010, which received more than 200 thousand pre-orders, is actually closed.

Russian MPs are considering ways to simplify granting Russian citizenship but want to impose a penalty for concealing foreign citizenship. Learn more in our law review.

The Financial Times has revealed close links between senior figures in the British establishment and their lucrative ties to the Russian business world.

It’s not only Russian officials and individuals with close ties to the Kremlin who have been punished for Moscow’s incorporation of Crimea. Western companies could be feeling the heat of the battle of words, too.

Rosneft CEO Igor Sechin has used the Ukraine crisis and the rumours of him being placed on the black list by the US and the EU to increase his stake in the company.