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  • France, Russia reach Mistral compensation deal - RIA Friday, 31 Jul 2015 | 4:14 AM ET

    MOSCOW/ PARIS, July 31- France and Russia have reached a compensation deal for the cancellation of the delivery of two French-made Mistral helicopter carriers, according to Russian media reports. "I hope that in the nearest future an agreement will be signed on breaking the contract, and then the sum that France will pay us will be announced," RIA quoted Kozhin as...

  • MOSCOW— A Kremlin official says that Russia is working to upgrade air defense missiles intended for Iran. Russia in 2010 froze a deal to supply S-300 missile systems to Iran, linking the decision to U.N. sanctions. President Vladimir Putin lifted the suspension in April after a framework Iran nuclear agreement, which earlier this month was followed by the final...

  • MOSCOW— A Kremlin aide says Russia and France have agreed on a refund amount for an undelivered French warship. French President Francois Hollande has acknowledged that France will have to give Russia a refund if it doesn't deliver the warship, whose handover to Russia was suspended last year over the Ukrainian crisis. The 1.2 billion euro deal was supposed to...

  • The reason, they believe, is a combination of sanctions against Russia over its actions in Ukraine and rising hostility to Russia in the West seeping into the scientific community. Since Russia annexed Crimea last year, it has become almost impossible for scientists in Russia to buy anything in the United States or Japan that has a dual purpose, said physicist...

  • MOSCOW/ PRAGUE, July 16- Russia's plans to drop Ukraine as a route for pumping natural gas to Europe will still leave state-run Gazprom facing about $1 billion in annual transit fees to Slovakia and Bulgaria for years to come, analysts and industry sources say. Billions of euros will be needed to build and expand alternative routes, and the route of the existing...

  • Russia seeks gains to ease possible pain from Iran deal Tuesday, 14 Jul 2015 | 12:24 PM ET

    *Russia wants arms, nuclear energy deals with Iran. MOSCOW, July 14- President Vladimir Putin urged the world to celebrate Tuesday's six-power nuclear deal with Iran, but the agreement carries risks for Russia because it could drive down oil prices. Unsurprisingly, the Kremlin chose to stress the positives from the deal, clinched after marathon talks in Vienna...

  • MOSCOW, July 13- Russia will address Internet firms' concerns about meeting a deadline to comply with a law forcing them to move the personal data of Russian citizens onto servers inside the country, a Kremlin spokesman said on Monday. Moscow has said the law is aimed at protecting the personal data but critics see it as an attack on social networks.

  • Russian President Vladimir Putin has encouraged top Russian firms to strengthen ties with China as part of attempts to strengthen ties with Asia and shield Moscow from the effects of Western sanctions imposed over the Ukraine conflict. A source close to VTB said the licence would not allow VTB to raise financing in China by issuing bonds on its domestic...

  • MOSCOW, July 13- Russia's second-largest bank VTB said on Monday it had received a licence granting it access to the Chinese interbank bond market. It said it received the licence at a ceremony on Friday, July 10. Russian President Vladimir Putin has championed a pivot to Asia as Western sanctions over the Ukraine crisis have damaged ties with Europe and the...

  • *India and Pakistan to join the SCO. UFA, Russia, July 10- India and Pakistan began accession to a regional security group led by China and Russia on Friday after two days of summits which President Vladimir Putin held up as evidence Moscow is not isolated in the world. Until now it has not been a big force and relations between China and Russia have not developed as...

  • UFA, Russia, July 10- Russian President Vladimir Putin called on Friday for sanctions on Iran to be lifted as soon as possible after a deal is reached on Tehran's nuclear programme. Iran and six major powers, including Russia, are discussing a deal that would curb Tehran's nuclear programme in exchange for relief from sanctions. Iran has also been restricted from...

  • UFA, Russia, July 10- Russian President Vladimir Putin said on Friday Greece had not asked Russia for aid to overcome its debt problems and questioned the European Union's handling of the crisis. Greece's debt problems have led to speculation that Russia might come to the aid of its fellow Orthodox Christian country, a move that would worry the EU, which has...

  • UFA, Russia, July 10- China's government is not worried about the situation with the Chinese stock market, Russian President Vladimir Putin said on Friday following talks with President Xi Jinping. "Chinese authorities are reacting to this calmly," Putin told reporters. "I think that China will remain an engine of the global economy."

  • UFA, Russia, July 9- The BRICS emerging nations are worried about the volatility of financial markets and oil prices, Russian President Vladimir Putin said on Thursday. "We are concerned about the instability of the markets, the high volatility of energy and commodity prices, and the accumulation of sovereign debt by a number of countries," Putin said during a BRICS...

  • UFA, Russia, July 9- The New Development Bank being launched by the BRICS group of emerging economies plans to raise money both on local markets and internationally, its president said on Thursday. The bank, with an initial capital of $50 billion, is being introduced at an organisational summit the BRICS countries- Brazil, Russia, India, China and South Africa- in the...

  • Risks seen as Russia crisis spurs banking M&A Thursday, 9 Jul 2015 | 7:07 AM ET

    MOSCOW, July 9- Russia's economic crisis is causing an increase in mergers and acquisitions in the banking sector as a capital squeeze and increase in bad loans leave smaller lenders weak and vulnerable to takeovers. "The very real danger is that the banking sector may face even tougher times before this crisis gives way to recovery," said Chris Weafer, senior...

  • UFA, Russia, July 9- Russia's top oil producer Rosneft has taken a significant step towards expanding its global reach by signing a preliminary deal to acquire up to 49 percent in Essar Oil Ltd, India's second biggest private refiner. Rosneft had initially said it would buy into Essar's Vadinar refinery. The deal with Essar from India, a country Russia has close...

  • FRANKFURT/ ATHENS, July 9- European Central Bank President Mario Draghi has voiced unprecedented doubts about the chances of rescuing Greece from bankruptcy as Greek Prime Minister Alexis Tsipras was due to put forward last-ditch reform proposals on Thursday. Italian daily Il Sole 24 Ore quoted the ECB chief, under growing fire in Germany for keeping Greek...

  • Russia woos China before BRICS summit Wednesday, 8 Jul 2015 | 1:22 PM ET

    *China is Russia's second-largest trading partner. UFA, Russia, July 8- Russian President Vladimir Putin and his government courted Beijing on Wednesday before a BRICS summit, playing down a stock market plunge in China and proposing better terms for investors from Beijing. "We are clearly aware of the difficulties we face, in both the economy and international...

  • *Rosneft says Vadinar refinery capacity to more than double. UFA, Russia, July 8- Russia's top oil producer Rosneft has made a significant step in its efforts to expand its global reach by signing a preliminary deal with Essar Group about acquiring up to 49 percent of the Vadinar oil refinery in India. Rosneft, the world's top listed oil producer, has long sought to...