Russia announces creation of credit rating agency

Last Updated: Friday, July 24, 2015, 22:50

Russia's central bank said Friday it would launch a new credit rating agency by the end of the year in an apparent bid to rival US firms that recently downgraded the country's sovereign debt.

India, Russia sign customs pact to boost trade

Last Updated: Sunday, July 19, 2015, 17:34

With bilateral trade extremely low, India and Russia have initiated steps to remove the hindrances and boost commerce by signing an agreement in the area of customs and moving to liberalise business visas.

BRICS bank to finance energy projects from next year: Vladamir Putin

Last Updated: Thursday, July 9, 2015, 19:44

Russian President Vladimir Putin said on Thursday that a new BRICS bank would become fully operational and finance energy projects next year as emerging markets attempt to challenge the Western-dominated financial system.

Russia President Vladamir Putin woos China before BRICS summit

Last Updated: Thursday, July 9, 2015, 00:44

Russian President Vladimir Putin and his government courted Beijing on Wednesday before a BRICS summit, playing down a stock market plunge in China and proposing better terms for investors from Beijing.

BRICS summit gives Putin a chance to show Russia not isolated

Last Updated: Monday, July 6, 2015, 21:09

The BRICS emerging economies will launch a development bank at a summit this week which President Vladimir Putin hopes will help reduce Western dominance of world financial institutions and show Moscow is not isolated.

Vladamir Putin tells Alexis Tsipras supports Greek people to `overcome difficulties`

Last Updated: Monday, July 6, 2015, 20:50

Russian President Vladimir Putin on Monday told Greek Prime Minister Alexis Tsipras he supported Greeks in overcoming the "difficulties" they faced after their resounding `No` to creditors` bailout terms, the Kremlin said.

World Bank improves outlook of Russia`s battered economy

Last Updated: Monday, June 1, 2015, 21:06

The World Bank on Monday said it saw some improvement in Russia`s battered economy, predicting it would shrink by 2.7 percent this year and return to growth of 0.7 percent in 2016.

IMF sees less pessimistic outlook for Russian economy

Last Updated: Thursday, May 21, 2015, 20:56

The International Monetary Fund on Thursday announced a less pessimistic forecast for Russia`s economy, predicting no more than 3.4 percent contraction in 2015 and emergence from recession in 2016.

Vladimir Putin says Russian economy not in crisis

Last Updated: Tuesday, April 28, 2015, 23:07

Russian President Vladimir Putin said Tuesday the country's economy was not in crisis and that the worst was over, as the central bank is set to meet this week to decide whether to lower the interest rate following the ruble's rebound.

Vladamir Putin says worst is over for Russian economy

Last Updated: Thursday, April 16, 2015, 19:36

President Vladimir Putin said Thursday the worst was over for Russia`s crisis-hit economy as he shrugged off widespread concerns over the impact of the Ukraine crisis in his annual phone-in.

German foreign minister rejects calls to invite Putin to G7 talks

Last Updated: Sunday, April 12, 2015, 18:55

German Foreign Minister Frank-Walter Steinmeier dismissed on Sunday calls from the radical Left party to invite Russian President Vladimir Putin to this year`s summit of the Group of Seven industrial powers.

Greek PM Tsipras meets Putin in talks that irk EU

Last Updated: Wednesday, April 8, 2015, 17:20

Greek Prime Minister Alexis Tsipras met Kremlin strongman Vladimir Putin in Moscow on Wednesday with the EU nervous that cash-strapped Athens is trying to cosy up to Russia.