Contents tagged with Medvedev

  • Prime Minister Medvedev instructs Russian government to triple tourism revenue

    The Russian government approved the strategy of tourism development in Russia until 2035. The document is published on the Russian Government’s website. According to the document signed by Russian Prime Minister Dmitry Medvedev, the gross added value of the tourism should reach 8.764 billion rubles ($137,59 million) by 2035.

    In 2017, this figure was equal to 3,158 billion rubles ($49,58 million). The strategy implies than under a baseline scenario, the number of tourists accommodated in hotels, …

  • China promises Kremlin $2.6 billion to accelerate Russian economy

    The Russia-China comprehensive partnership and strategic cooperation has reached a new level, said Russian Prime Minister Dmitry Medvedev after meeting with Chinese Premier Li Keqiang in Moscow.

    Medvedev said that after the meeting he and Mr Keqiang signed a set of agreements consisting of nearly twenty documents, including commercial agreements and investment agreements.

    Overall, China plans to allocate roughly $2.6 billion to projects that form part of the plan to accelerate the Russian …

  • President of Belarus Lukashenko rules out union with Russia, borrows $600 million from China

    The Belarusian government is concluding negotiations to borrow $600 million from China, announced Belarusian Deputy Finance Minister Andrei Belkovets.

    “Initially we were counting on a loan from the Russian Federation,” Belkovets noted, while talking at the Fitch conference in Minsk. The loan would have been roughly the same amount - $630 million.

    But the money was tied up. On April 1, after several rounds of intergovernmental talks following President Lukashenko’s visit to the Kremlin bearing …

  • Russian Prime Minister Medvedev demands officials urgently accelerate the economy

    At a meeting to discuss national development goals, Russian Prime Minister Dmitry Medvedev said that the growth of the Russian economy does meet the expectations, reports.

    "At the end of last year, the gross domestic product grew not much more than 2%. At the beginning of this year, the dynamics are even worse," Medvedev said.

    According to the Russian Federal State Statistics Service (Rosstat), in the first quarter, the economy gained only 0.5% and fell by 0.4% comparing to the …

  • Russia allows companies to classify data on work in Crimea

    The Russian government has allowed to classify the information about legal entities working in the occupied Crimea. The corresponding resolution No. 729 was published and signed by Russian Prime Minister Dmitry Medvedev on June 10.

    The resolution states that access to information in the Unified State Register of Legal Entities of the Russian Federation may be restricted if a company works on the territory of the annexed Crimea and Sevastopol. Companies that work on the Russian state defense …

  • Kremlin demands tax concessions for Rosneft in Venezuela

    Russian Prime Minister Dmitry Medvedev has approved a proposal drafted by the Ministry of Energy to make amendments to the Russian-Venezuelan agreement to cooperate in several joint strategic projects. The Prime Minister advised the president to authorize the signing of the document. The text of the proposal was published on Russia’s legal information portal.

    The document proposes to add a provision on Moscow’s and Caracas’s obligation to create “favorable and undiscriminating conditions” and …

  • Putin explains how Russia can dominate the world

    Russian President Vladimir Putin recently explained what he believes is necessary to rule the world. “If someone could guarantee themselves a monopoly in the area of artificial intelligence, the consequences are clear to us all – they would become the world ruler,” the TASS news agency cited Putin as saying.

    The Russian president remarked that the fight for technological superiority, including in the field of AI, has already become a field for global competition. “The speed at which new …

  • Russian coal producers apply for permission to supply Ukraine

    Several Russian coal producers have applied for authorization to export to Ukraine, said Russian Deputy Energy Minister Anatoly Yanovsky, as cited by RIA Novosti.

    “There are many that want to. Those who want to have all applied,” he said, when asked about Russian companies applying to supply coal to Ukraine as of 1 June. Yanovsky did not specify how much coal was being offered, but did observe that it is more than before.

    At the end of last year, the Ukrainian government extended until the …

  • Russian Prime Minister Medvedev wants to make Russia world’s 5th largest economy

    Russian Prime Minister Dmitry Medvedev has signed a decree confirming a plan to make Russia into one of the world’s top five economies, reports.

    According to the plan, which was published on the official government website on Wednesday, Russia is expected to oust Germany from 5th position by 2023.

    “At present, Russia holds the 6th position for GDP at purchasing power parity (PPP) according to the IMF’s assessment. In 2017, the lag behind Germany (which holds 5th position) on this …

  • Russian investigation: Oil contamination incident resulted from multi-million dollar theft

    On Tuesday Russia’s Investigative Committee released the first results of its investigation into the incident where the contamination of Russian oil led to the temporary suspension of oil transit through the Druzhba pipeline, which accounts for around 20% of the country’s oil exports.

    According to the investigation, the oil with organic chlorine compounds capable of “eating” pipes and refinery equipment ended up in Transneft’s system as the result of an embezzlement scheme.

    The six suspects, …