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  • MOSCOW, Feb 5- Russian Economy Minister Alexei Ulyukayev said on Friday that a list of companies slated for privatisation in 2016 would be approved within days.

  • The couple took out a U.S. dollar mortgage in 2007 after moving to Moscow from the southern Russian republic of Dagestan and blames the government for not helping as the rouble has fallen to record lows. "My son is a champion of Moscow at martial arts and we've had to stop his training sessions," Kirill told Reuters at a recent protest by foreign-currency mortgage...

  • *Russia in dire need of cash as oil prices slide. MOSCOW, Feb 2- Russian oligarchs are the most likely potential buyers of the stakes in some of the country's largest companies that President Vladimir Putin wants to sell. The preliminary privatization plan, aimed at preventing the state budget deficit from ballooning, coincides with a second year of recession for...

  • *Could lead to joint venture to restore flights with Russia. CAIRO, Feb 2- An Egyptian airline plans to buy up to 10 Russian-made jets in a deal with Sukhoi Civil Aircraft that could also see the creation of a tour agency to restore flights between the two countries that were suspended after a plane crash last year. An Egyptian source said the deal included the...

  • *Russia in dire need of cash as oil prices slide. MOSCOW, Feb 2- Russian oligarchs are the most likely potential buyers of the stakes in some of the country's largest companies that President Vladimir Putin wants to sell. The preliminary privatisation plan, aimed at preventing the state budget deficit from ballooning, coincides with a second year of recession for...

  • NIZHNEVARTOVSK/ MOSCOW, Feb 2- Two senior Russian officials talked up potential cooperation with OPEC to prop up prices, but data showed oil production in Russia hit a post-Soviet high in January, suggesting the world's top producer was locked in a fierce struggle for market share. Russia has in the last week sent mixed signals about possible cooperation with...

  • A new global oil deal could draw lessons from 1998 Tuesday, 2 Feb 2016 | 1:00 AM ET

    *OPEC rifts and pact with Russia under scrutiny. Now, with oil prices touching their lowest level since 2003, OPEC officials and deal brokers are looking back nearly two decades and asking whether a behind-the-scenes deal to curb oil output between OPEC and non-OPEC Russia could be struck. Some see OPEC rifts as insurmountable and Russia as a wild card that...

  • MOSCOW, Feb 1- The Russian state should retain control of strategic companies when privatising stakes in those firms, President Vladimir Putin said on Monday, stressing the sell-offs must be as transparent as possible and must not take place at give-away prices. Addressing a meeting with the heads of some of Russia's largest state-controlled enterprises,...

  • PAVLISHCHEVO, Russia— For Olga Druganina, Russia's economic turmoil has been a great business opportunity. Four years ago, the former employee at an industrial machines company began to develop her modest farm near Moscow as a business. First came President Vladimir Putin's sanctions on U.S. and European Union food products in 2014, a response to...

  • *Ministry calls for new tax to bolster budget. MOSCOW, Jan 29- Russian oil firms would have to pay more tax on some of their fields under reforms being prepared by the finance ministry, which is seeking to get more revenue into the budget, according to three officials and a draft of the plans seen by Reuters. According to Vygon Consulting, a total of 198 fields, including...

  • MOSCOW, Jan 29- Russia's central bank said on Friday that rate hikes were not off the table if inflation risks grew, toughening its rhetoric after a relentless oil price slump that has sent the rouble crashing to record lows. "Should inflation risks amplify, the Bank of Russia cannot rule out a tightening of its monetary policy," the bank said in a statement.

  • NEW YORK, Jan 28- Oil market analysts on Thursday largely dismissed the possibility of coordinated production cuts by OPEC and Russia, saying the market's early positive reaction was based on false hope. "Our read on this event is that it is merely an extension of the Russian position that they would consider working with OPEC to coordinate production cuts-...

  • ST PETERSBURG, Russia/ DUBAI, Jan 28- Russia said on Thursday that OPEC had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help reduce a glut of crude and prop up sinking prices. It remained unclear whether Russian Energy Minister Alexander Novak was referring to a months old proposal by OPEC members...

  • *Iran output increase complicates outlook. ST PETERSBURG, Russia/ DUBAI, Jan 28- Russia said on Thursday that OPEC's largest producer Saudi Arabia, had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help clear a glut of crude and prop up sinking prices. Russian Energy Minister Alexander Novak said Saudi...

  • WEST SIBERIAN OIL FIELDS/ MOSCOW, Jan 28- Russia's oil industry has argued for years that it cannot cut output to support falling global prices for purely technical reasons; in reality it can- as long as it has the political will. Moscow has long ruled out an output cut coordinated with other producers, even during the collapse in crude prices since the middle of 2014.

  • *Iran output increase complicates outlook. ST PETERSBURG, Russia/ DUBAI, Jan 28- Russia said on Thursday that OPEC's largest producer Saudi Arabia, had proposed oil production cuts of up to 5 percent in what would be the first global deal in over a decade to help clear a glut of crude and prop up sinking prices. Russian Energy Minister Alexander Novak said Saudi...

  • MOSCOW— Russians who took out mortgages denominated in a foreign currency are protesting at their banks to demand that the loans be restructured. Groups of a few dozen mortgage holders held protests Thursday at several banks in Moscow and St. Petersburg. President Vladimir Putin's spokesman, Dmitry Peskov, said the Kremlin was following the situation, but...

  • MOSCOW, Jan 28- Russian ministries are asking the government to spend about $3.5 billion on anti-crisis measures, mostly to help industries hurt by a worsening economic slump, two senior officials said. On Wednesday, President Vladimir Putin met the central bank head and key government members to discuss Russia's downturn-- its worst since the 2008 global...

  • The meeting raised the possibility of rare joint action with OPEC, of which Russia is not a member, because of a global oil glut but Kremlin spokesman Dmitry Peskov has said there is "nothing to talk about in a tangible sense" for now. The final decision will lie with Putin but Sechin's input is likely to be crucial as Russia considers acting in tandem with OPEC for the...

  • *Russia refused cooperation with OPEC in past. MOSCOW, Jan 27- Russian officials have decided they should talk to Saudi Arabia and other OPEC countries about output cuts to bolster oil prices, the head of Russia's pipeline monopoly said on Wednesday, remarks that helped spur a sharp rise in world prices. Oil futures surged more than 5 percent after the comments by...