Contents tagged with Medvedev

  • Russia has only 7 years of oil remaining

    The Russian economy, which has been based almost exclusively on oil and gas exports since Soviet times, is now facing a countdown.

    The old Soviet-era deposits are being rapidly depleted, and the country has been unable to find new deposits with oil that can be extracted easily and cheaply, reports

    The current levels of oil extraction in Russia “are inadequately ensured by the reserves of the deposits being developed,” according to a document titled “Strategy of the mineral raw …

  • Russia expands sanctions against Ukraine 

    Russian Prime Minister Dmitry Medvedev announced that the list of Ukrainian citizens and companies under sanctions would be expanded. 

    “The list of persons and legal entities of Ukraine, that will be included in the list of special restrictive measures has been expanded. I signed the appropriate decree,” wrote Medvedev on Twitter. 

    TASS with reference to the Russian Cabinet press service report that the signed decree has been expanded to include more than 200 individuals and organizations.  …

  • China wants to buy Siberian river water from Russia

    China is hoping to solve its water deficit in a number of regions with Russia’s help. The Chinese Association for Exchanges and Collaboration between Russia, Eastern Europe, Central Asia and China has already sent the corresponding letter to Russian Prime Minister Dmitry Medvedev.

    One of the options proposed by China is an intergovernmental project to divert water from Russia’s Altai Krai to western China through Kazakhstan. The construction of the water pipeline would cost an estimated $80 …

  • Russia decides to restore Libya

    Russia is prepared take part in the work to restore Libya’s economy and social sphere, said Russian Prime Minister Dmitry Medvedev as cited by the Russian news agency TASS.

    “Restoring the economy, restoring the social sphere, prospective projects, which could be and need to be restored – this is also key for resuming normal life in Libya,” Medvedev said at a conference on Libya held in Italy.

    “We are also willing to be involved in this,” he stated.

    Medvedev noted that Russia is willing to …

  • Russia threatens to boycott Davos

    On Tuesday, during his visit to Italy, Russia’s Prime Minister Dmitry Medvedev announced that Russia would boycott the World Economic Forum in Davos, if the head of VTB, Andrey Kostin, co-owner of Rusal, Oleg Deripaska, and the main shareholder of the Renova group, Viktor Vekselberg, are not allowed to come to the conference.

    The Davos forum leadership’s decision, requesting Russians that are under the sanctions not to come to the conference is "very strange," said Medvedev.

    “If these …

  • Media: Russia’s anti-Ukrainian sanctions only partial

    The restrictions that Russia imposed on Ukraine at the start of November do not include a direct ban on shipping goods from the companies under sanctions, the Russian news outlet Interfax reported, citing its own source in the financial and economic division of the Russian government.

    “The government’s decree from November 1 concerns only financial relations and does not impose a ban on trade agreements with the involvement of third parties,” the source stated.

    Products manufactured by the …

  • Medvedev issues a decree to protect Russian companies from sanctions

    In a governmental decree published on the website of the Cabinet of Ministers, Russian Prime Minister Dmitry Medvedev ordered measures to alleviate the negative influence of retaliatory sanctions against Russian companies.

    “The Ministry of Industry and Trade and the Ministry of Economic Development should ensure a balance of commodity markets and eliminate the negative influence of the special economic sanctions on the activities of Russian organizations,” the document stated.

    The new …

  • Russia prepares sanctions against Ukraine

    The draft resolution on anti-Ukrainian sanctions is almost complete, TASS reports citing a source in the Russian government. The document concerns 360 companies and more than 50 individuals.

    “Shortly this document will be submitted for the Prime Minister’s signature, and after the signing, it will be published,” he said.

    The report does not specify which companies and individuals are listed in the draft resolution. However, according to the interlocutor, “there will be many interesting …

  • Russian Prime Minister: USSR lived for decades under sanctions

    Russia is not going to persuade Europeans to lift anti-Russian sanctions, said by Russian Prime Minister Dmitry Medvedev at the press conference following the talks with Belgian Prime Minister Charles Michel, TASS reported.

     “Lifting sanctions is a mutually beneficial matter and we should not persuade our partners to cancel anything, we don’t need it,” Medvedev said.

    He also said that “our European colleagues need it, they should start an initiative themselves”.

     “If they don’t want to, we …

  • Medvedev: sanctions against Russian banks would be a declaration of trade war

    The possible imposition of sanctions against the Russian bank sector will become “the declaration of trade war” but Moscow can overcome the limitations, stated Russian Prime Minister Dmitry Medvedev in an interview with Euronews. The Head of the Cabinet of Ministers stressed that the Russian economy “is able to adapt to any forms of pressure.”

    “The question is why this [imposition of sanctions] is needed. The answer is that this destroys international order, including international economic …