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.

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.

Russia's Putin calls for regional currency union

Last Updated: Friday, March 20, 2015, 17:08

Russian President Vladimir Putin told the leader of Belarus and Kazakhstan on Friday their three countries should consider forming a common currency union.

Russia's central bank makes surprise interest rate cut

Last Updated: Friday, January 30, 2015, 22:32

The announcement to slash its key interest rate to 15 percent from 17 percent marked the first cut since December 2011.

Putin promises economic recovery, digs in on Ukraine

Last Updated: Thursday, December 18, 2014, 19:14

President Vladimir Putin on Thursday tried to quell fears of economic collapse and vowed rapid recovery from the worst financial crisis of his rule but stressed that his position on Ukraine has not shifted.

Russian economy to rebound in two years at latest: Putin

Last Updated: Thursday, December 18, 2014, 16:20

President Vladimir Putin on Thursday sought to allay fears over the worst financial crisis of his 15-year-rule, saying the Russian economy would rebound in two years at most.

Russia finance ministry selling reserves to support ruble

Last Updated: Wednesday, December 17, 2014, 15:08

Russia`s finance ministry is selling its foreign currency to support the ruble, a spokeswoman told AFP on Wednesday.

Russian ruble rebounds slightly after record plunge

Last Updated: Wednesday, December 17, 2014, 13:18

Russia scrambled Wednesday to halt a run on the ruble, selling billions of reserves to prop up the currency in the worst economic crisis of President Vladimir Putin`s 15 years in power.