The Russian oil companies will continue to extract the same amount of oil as in January 2016.

Starting from the beginning of 2016 three Russian startups have received investments of 13.1 million rubles on a croudinvesting platform StartTrack.

The financing is necessary for the banks to be able to function properly according to the standards of short-term liquidity introduced in January 2016.

Russia’s financial regulators are considering a Cyprus-style banking resolution procedure that would save the state from compensating millions in deposits on behalf of failed banks.

Banking institutions have marked a growth of population demand for POS-credits that is non-typical for January (loan accommodated in the marketplace) for purchase of goods in the distributive networks.

Petrol production reached 38.9 million tons in 2015, which is 1.6 percent more than last year.

Russia’s Central Bank has made public its Guidelines of the Single State Monetary Policy for the next three years.

The chairperson of Russia’s Central Bank, Elvira Nabiullina, provided the rationale behind the decision to keep the regulator’s policy rate unchanged at 11 percent following the board meeting on Friday.

Russian designer will launch its brand to the world with Italian partners.

Russia is slowly but steadily moving towards its goal of improving its business climate. It’s edged up 3 notches higher in the latest Doing Business report issued by the World Bank and the International Finance Corporation.

An extensive business program of the 31st MBFW Russia season includes lectures, workshops, press conferences and table-talks, which will take place daily on the main venue of the Fashion Week in the Central Exhibition Hall Manege.

The German concern BASF plans to invest about two billion euros in joint projects with “Gazprom” in the next five years.

The Head of “Rosneft” Igor Sechin believes that the increase in the tax burden in the fuel and energy sector will lead to a decrease in oil production.

Turkey may reconsider the issue of purchases of Russian gas because of the deterioration of relations with Moscow after the air incident last week.

The ranking of the 200 largest private companies in the country is headed by the “Lukoil” oil company which revenue under US GAAP amounted to 4.75 trillion roubles in 2014.

The Ministry of Transport of Russia supports the indexation of the freight rates of Russian Railways by 10 percent in 2016 with subsidies in the amount of 35-40 billion roubles.

30 largest banks in Russia have incurred losses in the amount of 10.8 billion roubles from January to July. During the same period of last year the credit institutions showed a profit of 422.6 billion roubles.

The Ministry of Finance forecasts the growth of the Russian economy in the fourth quarter of 2015 or in 2016.

The average price of sales of the Russian gas to Europe amounted to 251 dollars per thousand cubic meters in the second quarter.

The dynamics of the national currency greatly depended on commodity prices.