Red Wings is back in the skies after a change of ownership, says Kommersant.

Late 2013 may see a drop in oil prices, according to the Russian government.

TNK-BP minority shareholders have lambasted Rosneft's vice-president Igor Maidannik over the new owner's decision not to pay the dividends for 2012.

Gazprom will have to cut its investment plans due to a drop in revenues over the next two years, says Lenta.ru.

Rosneft's acquisition of TNK-BP has seen oil prices going up in June after the new owner canceled some of the contracts, says Vedomosti.

Gazprom is taking another attempt at the costly Shtokman project.

Alexey Ulyukayev has been appointed as new Economic Development Minister, says Lenta.ru.

Gazprom is reviving plans to build a LNG plant in the north-west of Russia to offer an alternative to the shale gas supplies from the US, says Vedomosti daily.

Half of the members of the presidential human rights council apologized to self-exiled economist Sergey Guriev.

Russia says it will draft a blueprint to counter massive tax evasion via offshore tax havens.