• Putin: Russia's old economic resources are no longer enough

    According Vladimir Putin, economic growth in Russia will not resume by itself, and the country needs to look for new sources of economic stability. The Russian President said this at a meeting of the Presidium of the Economic Council, which was held for the first time in two years, Rosbalt reported.

    "I consider it necessary to emphasize once again: economic growth will not resume by itself. If we do not find new sources of growth, the dynamics of the GDP will be somewhere around zero," Putin …

  • Russian human rights groups support the continuation of prisoner exchanges with Ukraine

    Leading Russian human rights advocates welcome the transfer of Nadiya Savchenko to Ukraine and Evgeny Erofeev and Alexander Alexandrov to the Russian Federation. They hope to continue the exchange of prisoners.

    “I’m very happy for Nadiya Savchenko and our guys. Nadiya Savchenko is going to have a triumphal life. She is a hero. I’m very pleased that common sense has prevailed here. The trial was a failure, as was her conviction to long years behind bars,” said Lyudmila Alexeyeva in her …

  • Inhabitants of Russian villages asked Obama to help them with gas supplies

    Valery Slesarev, an activist and resident of the town of Yegoryevsk, has visited the US Embassy in Moscow to ask US President Barack Obama to provide gas to several Russian villages.

    According to MK, Slesarev has been asking local authorities for nearly 10 years to provide several large villages in the area with gas. The majority of the residents are weak pensioners and war veterans who are forced to chop fallen trees for firewood.

    “What is happening in the city of Yegoryevsk is an outrage! …

  • Russian citizen sentenced in US for economic espionage

    On the 25th of May, the deputy representative of the Bank for Development and Foreign Economic Affairs, Evgeny Buryakov, received a two-and-a-half-year prison sentence for economic espionage while in the US. He was also fined $10,000 for the crime.

    According to AP news agency, the Russian received sensitive information concerning possible US sanctions against Russian banks between 2012 and 2015. Buryakov also received information on the development of alternative energy programs.

    Buryakov had …

  • Russian Eurobonds find little enthusiasm in western debt markets

    The Minister of Finance of the Russian Federation, Anton Siluanov, announced the successful placement of Russian Eurobonds in the amount of $1.75 million. According to him, 70 percent of the investment came from abroad although market analysts doubt that is the case.

    Moscow has returned to the Eurobond market for the first time after the introduction of the Western sanctions due to Russia's policy towards Ukraine. On Tuesday, May 25th, Russia proposed a ten-year bond for $1.75 million with a …