Russia Creates a $32 Billion Sovereign Wealth Fund
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Russia has split its oil proceeds into two funds and has cleared the way for one to invest in foreign stocks and bonds, officials said. Actual investments are not expected to begin until next fall.
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China lent Russia $6bn to help renationalise the key Yugansk unit of oil group Yukos, the Kremlin reveals.
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Nearly six years ago, the world's rich nations were busy bailing out Russia from the throes of a deep financial crisis.
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Finance Minster Alexei Kudrin said Wednesday that a new domestic offering for shares in Russia's largest state-controlled bank had brought in $8.8 billion, a Russian news agency reported.
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MOSCOW Sept. 14, 2004 - Russia announced Tuesday it was pouring $5.4 billion in additional funding into its security agencies, the first concrete new step in the anti-terrorism battle that President Vladimir Putin has called the country&#39;s No.
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Russia's second largest bank is investing some 131 million pounds in a residential development project in London, the RBK business daily reported on Tuesday, citing lawyers.
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Russia will file a claim to the gigantic mineral wealth of the Arctic seabed with the United Nations by the end of the year, Russia's natural resources minister said on Tuesday.
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The second-largest cellphone operator in Russia and the Commonwealth of Independent States said the $4.3 billion deal will create the regionâs first integrated fixed-to-mobile provider.
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International Monetary Fund said on Wednesday, September 29, that it raised its outlook for Russiaâs economy, forecasting 6.6 percent GDP growth in 2005.
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ALARM has spread through the Russian investment community as authorities slapped a tax bill of almost $US160 million ($210 million) on the number two mobile operator, in what is widely seen as a government-linked campaign against the firm.
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The Russian government set a starting price of $1.93 billion for its 7.6 percent stake in oil giant Lukoil that goes up for auction next month, according to a report published early Friday.
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RUSSIA finally signed up yesterday to an agreement between 19 nations to write off $33 billion (Â£17.8 billion) of Iraqâs debt. The agreement was confirmed by a US Treasury official at
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On Saturday, Dec. 25, Russiaâs Federal Anti-Monopoly Service approved the acquisition of Yuganskneftegaz, the core production asset of the embattled Yukos Oil Company , by the state-owned Rosneft Oil Company.
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Russia is considering an early repayment of its debt to the Paris Club group of rich lending nations.
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Russia agreed on Thursday to grant Cuba credit worth $350 million and restructure some of its recent debt during a visit by Russia's prime minister, officials said. The two countries also signed a military cooperation agreement.
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Global credit rating agency Standard & Poor's says Russian government debt is looking like a good investment again.
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The Russian government has returned to making select "acquisitions."