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Moscow lifts ban on Serbian dairy products

MOSCOW: Russian Customs has lifted ban on dairy imports from Serbia on the guarantees of the Serbian veterinary service and the results of expert analysis proving that the recently identified problems...

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Putin to examine Azov-Black Sea basin ports

MOSCOW: The Russian President Vladimir Putin is likely to visit Novorossiysk to hold a meeting to examine the development of the Azov-Black Sea basin ports on Tuesday. As per details, the relevant...

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Russia Customs bars US tea import in country

 MOSCOW: The Russia Customs has refused to allow approximately a ton of German and U.S. tea into the country on violation of Moscow’s ban on Western food imports. Sources said the firm that was...

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Total CEO de Margerie killed in jet crash

MOSCOW: Christophe de Margerie, the chief executive officer of French oil company Total has been killed in jet crash at Moscow’s Vnukovo airport late on Monday night. The close friend of French...

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Moscow endorses CASA-1000, TAPI pipeline projects, 1,735-km project of $10b...

MOSCOW: Islamabad and Moscow have agreed to further strengthen bilateral ties between the two countries by boosting cooperation in oil and gas exploration and other transnational energy projects,...

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Shortfall in customs duty collection, Russian authorities to stiffen control

MOSCOW: Russian Customs Authorities have planned to emphasize a regular and systematic check on importing companies to identify their debt. As they are not facing a good budget and Cash flow balance....

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Import banned from EU, Russia hands back German and US tea

MOSCOW: Russia has turned back tons of German and U.s tea following a ban on western food imports by Moscow. However, a firm that was supposed to receive the cargo called it “shipment error” which...

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12 coal-loaded trains scheduled to go to Ukraine: Russia

MOSCOW: The head of state-controlled Russian Railways, Vladimir Yakunin said that trains are planned to go to Ukraine. He said 12 trains loaded with coal are leaving for Ukraine. This is a powerful...

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Russia’s Meshkov advises EU to lift sanctions against Moscow over Ukrainian...

MOSCOW: Alexei Meshkov Russian Deputy Foreign Minister advised the European Union to lift sanctions against Moscow over the Ukrainian conflict and promised to waive its counter measures. In August...

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88 delegations from 47 countries to participate in 4-day Defence expo IDEAS...

KARACHI: 88 delegations from 47 countries are likely participate in the 8th biennial International Defence E­xhib­ition and Seminar (IDEAS 2014) at the Karachi Expo Centre on December 1(tomorrow). In a...

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Russia’s Gazprom signs 390 million euros credit line with Italy’s UniCredit

MOSCOW: Gazprom Russia’s top natural gas producer said on Friday it had signed a 390 million euros credit line with Italy’s UniCredit. In the statement announcing Gazprom did not provide the deal any...

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Russia bans US poultry products containing harmful substances

MOSCOW: Russia imposed a ban on American poultry products as they discovered some “harmful and illegal” substances in the products. The ban applies to all poultry products from America. The temporary...

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Russia, Azerbaijan customs sign joint cooperation plan

MOSCOW: Azerbaijan’s state customs committee and the federal customs service of Russia have signed a joint cooperation plan in Moscow. Azerbaijani and Russian customs services inked documents in the...

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Russian tycoon Timchenko says not interested in buying Bashneft

MOSCOW: Gennady Timchenko Russian tycoon said on Tuesday he was not interested in buying mid-sized oil company Bashneft and would not be interested in doing so in the future. The state plans to hold a...

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Russia’s economy may fall by 3% in 2015 on falling oil prices

MOSCOW: Economy Minister Alexei Ulyukayev said Russia’s economy may fall by 3 percent in 2015, with the average oil price of $ 60 per barrel. Ulyukayev said it turns out previously at this conjuncture...

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US-Russian trade increased by 7pc despite sanctions: Putin

MOSCOW: Russian President Vladi mir Putin said in Moscow, Trade between the United States and Russia has increased by 7 percent, despite US economic sanctions, this week. Putin said when I looked at...

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Russia agrees to supply coal, electricity to Ukraine

KIEV: Russia has agreed on a deal to supply coal and electricity to Ukraine, which is struggling with a lack of raw fuel for power plants due to separatist conflict in the industrial east. Deputy Prime...

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Ukraine expects $17 billion IMF bailout package in early 2015

KIEV: Ukraine expects the International Monetary Fund (IMF) to pay out new and past due loans after a visit next month and still hopes a $17 billion (11 billion pounds) bailout programme can be...

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