Author: Steven Sahiounie

Participants in the oil and gas project on development of Kalamkas-sea and Khazar fields in the Kazakh sector of the Caspian Sea are going to raise over $6 bln of investments, the press service of the Energy Ministry of Kazakhstan said.

“In May 2024, the Russian automobile market continued its rapid growth by +72.5% compared to May last year,” Chairman of the Automobile Manufacturers Committee Alexey Kalitsev said MOSCOW, June 4. /TASS/. Sales of new cars and light commercial vehicles (LCV) in Russia amounted to 132,400 with parallel import consideration, the Association of European Businesses (AEB) said. “According to the AEB Automobile Manufacturers Committee, total sales of new passenger cars and light commercial vehicles in May 2024 amounted to 125,501 units excluding alternative supply channels and about 132,363 units including them. This is confirmed by sales data from PPC – 132,523…

TASS-FACTBOX. The 27th St. Petersburg International Economic Forum (SPIEF) will take place on June 5-8, 2024. This year, SPIEF’s theme is “The Foundations of a Multipolar World – The Formation of New Areas of Growth.”

Severstal plans an increase in EBITDA in the amount of 150 bln rubles ($1.6 bln) by 2028, Chief Executive Officer Alexander Shevelev told TASS before the St. Petersburg International Economic Forum.

According to Yury Ushakov, the separate talks are to be held on the sidelines of the St. Petersburg International Economic Forum Russian President Vladimir Putin will hold separate talks with several foreign leaders on the sidelines of the St. Petersburg International Economic Forum (SPIEF), Kremlin aide Yury Ushakov told reporters. Meeting with Bolivian president “On June 6, there will be talks with Bolivian President [Luis Arce], this will be the first meeting of our president with Luis Arce,” the Kremlin aide said. He pointed out that Putin and Arce had previously “had contacts over phone.” According to Ushakov, “the sides…

Finance Minister of Syria Kenan Yaghi will represent the country at the St. Petersburg International Economic Forum (SPIEF), Ambassador of Syria to Russia Bashar Jaafari told TASS.

Rosatom is building up its operations in foreign markets on the basis of principles of consideration of mutual interests

The rate was at the level of 14.95% in early May and in the middle of the last month The average maximal interest rate on ruble deposits with the ten Russian credit institutions having the maximal amount of private deposits gained 0.21 percentage points and was equal to 15.16% per annum in the third ten-day period of May 2024, the Central Bank of Russia said. The rate was at the level of 14.95% in early May and in the middle of the last month. Deposit interest rates are monitored by the regulator in Sberbank, VTB, Gazprombank, Alfa-Bank, Bank FC Otkritie,…

Slovenia today recognized Palestine as an independent and sovereign state after its parliament voted overwhelmingly in favor of the move. Slovenia’s decision came days after Spain, Norway and Ireland recognized the state of Palestine, a move which was condemned by Israel. Slovenia recognized a Palestinian state today after its parliament voted overwhelmingly in favor of the move, joining three other European countries in the move. Slovenian Prime Minister, Robert Golub, last Thursday, announced that his country decided to recognize Palestine as an independent and sovereign state on the 1967 borders in accordance with international law and UN Security Council resolutions,…

“The agenda of the Cuban delegation is to facilitate expansion and diversification of economic, trade and financial relations and cooperation between Cuba and Russia,” the ministry said