Russia spends billions to prop up ruble

Last Updated: Wednesday, December 17, 2014, 23:01

Russia stepped up its defence of the ruble on Wednesday as it sought to halt a run on the currency and stem the worst financial crisis of President Vladimir Putin`s 15 years in power.

India, Russia to explore oil and gas; aim for $30 bn trade

Last Updated: Thursday, December 11, 2014, 21:46

The two sides agreed to step up efforts for enhancing bilateral trade in goods and services and set a target of USD 30 billion by 2025, it said adding "it is expected that the level of mutual investments by then will be over USD 15 billion each way."

Essar Group signs $10 bn pact to import oil from Russia's Rosneft

Last Updated: Thursday, December 11, 2014, 17:13

In one of the biggest oil deals, Essar Group Thursday signed a USD 10 billion contract to import crude oil from Russia over a 10-year period.

Russian bank VTB to lend $1 bn credit to Essar Group

Last Updated: Thursday, December 11, 2014, 15:46

The agreement to this effect was signed by Essar co- founder Shashi Ruia and VTB Chairman Andrey Kostin in presence of Prime Minister Narendra Modi and Russian President Vladmir Putin Thursday.