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Dmitry Medvedev

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  • The order was signed on Dec. 27, and the funds will be transferred from the National Wealth Fund as a part of wider plans to support Russia's banking sector, which is suffering from Western sanctions imposed on Moscow over its role in the Ukraine crisis.

  • UPDATE 1-Russia may fail to supply wheat to Egypt in Jan Wednesday, 24 Dec 2014 | 4:49 AM ET

    MOSCOW, Dec 24- Russia may fail to supply wheat to Egypt's state buyer GASC in January as its exports have been effectively suspended by informal government curbs, Arkady Zlochevsky, the head of Russia's Grain Union, said on Wednesday. Russia's government imposed informal curbs with tougher quality monitoring and limits on railroad loadings earlier this...

  • Russia may fail to supply wheat to Egypt's GASC in Jan Wednesday, 24 Dec 2014 | 3:50 AM ET

    MOSCOW, Dec 24- Russia may fail to supply wheat to Egypt's GASC, the state buyer of the world's largest wheat importer, in January due to export curbs, Russia's Grain Union head Arkady Zlochevsky told reporters on Wednesday. Russia, expected to be the world's fourth-largest exporter this year with the largest buyers in Turkey and Egypt, had been exporting record...

  • *Rouble at its strongest against dollar since Dec. 8. MOSCOW, Dec 23- The Russian rouble rose to a two-week high on Tuesday after the government and the central bank put pressure on large state-owned exporters to sell dollars to stop further steep losses for the local currency. Kommersant newspaper said, citing unnamed sources, that Russian Prime Minister Dmitry...

  • *Kudrin: Russia didn't tackle problems fast enough. *Russia to be downgraded to' junk' status next year. MOSCOW, Dec 22- Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.

  • *Kudrin: Russia to be downgraded to' junk' status next year. MOSCOW, Dec 22- Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, warning the full effects would be felt next year. Kudrin-- a darling of investors who is credited with building Russia's...

  • MOSCOW/ LONDON, Dec 19- Russia pays hugely inflated prices for vital medical equipment made by Western companies, in part because some manufacturers channel sales through obscure intermediary companies, a Reuters examination has found. An analysis of 20,000 transactions dated between January 2006 and July 2013 found that international companies sold...

  • MOSCOW, Dec 18- Russia will provide state development bank Vneshekonombank with 30 billion roubles in additional capital, Prime Minister Dmitry Medvedev said on Thursday, part of measures to shield banks from Western economic sanctions. VEB is among a number of state banks sanctioned by the West over Russia's role in the Ukraine crisis, meaning its access to...

  • MOSCOW, Dec 17- Russia's rouble strengthened sharply on Wednesday after dramatic falls on the previous two days as the government pressured exporters not to hoard foreign-currency earnings and the central bank announced new measures to support financial stability. The situation poses a major challenge for President Vladimir Putin whose popularity,...

  • MOSCOW, Dec 17- Prime Minister Dmitry Medvedev called on Russia's top exporters on Wednesday to behave "responsibly" and manage their foreign currency revenues in a way that would not boost rouble volatility, the government's press office said.

  • MOSCOW, Dec 16- The overnight decision by the Russian central bank to raise rates came too late, RIA Novosti cited Economy Minister Alexei Ulyukayev as saying on Tuesday. Ulyukayev, speaking after a meeting with top policy makers hosted by Prime Minister Dmitry Medvedev, also said capital controls were not discussed. Ulyukayev added the officials discussed...

  • MOSCOW, Dec 16- Russian Prime Minister Dmitry Medvedev held a meeting on Tuesday with top central bank and government officials on the country's financial and economic situation, according to a press release published on the government's website. "The meeting was attended by First Deputy Prime Minister Igor Shuvalov, an aide to the President of Russia Andrei...

  • MOSCOW, Dec 16- Russia failed to halt the collapse of the rouble on Tuesday, leaving President Vladimir Putin facing a full-blown currency crisis that could weaken his iron grip on power. A 6.5 percentage point interest rate rise to 17 percent overnight failed to prevent the currency hitting record lows in a "perfect storm" of low oil prices, looming recession and...

  • MOSCOW, Dec 15- Moving closer to the European Union offers no panacea for Ukraine's financial problems and will mean big losses in economic ties with Moscow, Russian Prime Minister Dmitry Medvedev said in an article published on Monday. He said Moscow had for many years provided generous terms in deals with Kiev which had helped build up Ukraine's economy but...

  • Eastern Europe counts cost of a pipeline's demise Friday, 12 Dec 2014 | 5:27 AM ET

    *Serbia sold oil and gas monopoly on promise of South Stream. BELGRADE, Dec 12- As recently as Nov. 21, the Gazprom subsidiary tasked with building the Serbian leg of Russia's South Stream gas pipeline issued a call for mechanics, builders and welders. South Stream represented the biggest infrastructure investment in Serbia in the almost 15 years since the former...

  • MOSCOW, Dec 10- The weakness of the rouble is hurting Russia, which has lost tens of billions of dollars because of sanctions imposed by the West in the Ukraine crisis, Prime Minister Dmitry Medvedev said on Wednesday. In a sober assessment of an economy edging towards recession, Medvedev said Russia should reduce its reliance on energy exports, which makes it...

  • Russian PM says rouble slide bad for economy Wednesday, 10 Dec 2014 | 4:24 AM ET

    MOSCOW, Dec 10- The devaluation of the rouble is hurting the Russian economy, Prime Minister Dmitry Medvedev said on Wednesday, adding that the currency was undervalued and he believed it would strengthen.

  • MOSCOW, Dec 10- Russia may be forced to revise its 2015 budget if economic conditions change sharply, Prime Minister Dmitry Medvedev said on Wednesday. "If economic conditions change significantly, we will have to review our scenarios and, eventually, we will have to take decisions on the budget. But we are not doing that yet, "Medvedev said in an interview with...

  • MOSCOW, Nov 11- The rouble resumed its dramatic slide on Tuesday, a day after the Russian central bank floated the currency that has been driven sharply lower by falling oil prices and economic sanctions imposed over Russia's policy in Ukraine. A new threat to a two-month-old ceasefire in eastern Ukraine has hurt hopes that sanctions could be lifted soon.

  • Russian PM says no reason for rouble to weaken further Tuesday, 11 Nov 2014 | 4:35 AM ET

    MOSCOW, Nov 11- Russian Prime Minister Dmitry Medvedev said on Tuesday there were no fundamental reasons for the rouble to weaken further and ruled out restrictions on foreign currency sales. "The position of the government and the central bank is absolutely united- there should be no restrictions on foreign currency sales," Medvedev told a government meeting.