OPEC and its allies failed to reach a deal on oil production cuts on Friday, after Moscow refused to tighten supply to counter the effects of the coronavirus outbreak. The day before, OPEC ministers had recommended reducing output by 1.5 million barrels per day in face of the global slowdown caused by the epidemic and…
Russian President Vladimir Putin said Friday he would not bend the law to extend his term in power and is seeking to amend the constitution to secure the country’s future for decades to come. Speculation has swirled over the 67-year-old president’s future after he unleashed a political storm in January by proposing major constitutional changes.…
Shares of Russian businessman Oleg Tinkov’s credit card supplier TCS plummeted Friday after the U.S. Department of Justice charged its founder with fraud and demanded his extradition from Britain. Shares of TCS (Tinkoff Credit Systems) group were showing a loss of more than 17%t on the London Stock Exchange and 24% on the Moscow Exchange…
Russian opposition politician Alexei Navalny lodged a complaint against Russia at the European Court of Human Rights on Friday to contest a money-laundering investigation he says authorities have opened to thwart his political activities. Russian investigators opened the case against Navalny’s Anti-Corruption Foundation last August after he called on people to attend rallies that grew…
As the new coronavirus that has killed more than 3,000 people continues to spread around the world, Russia has stepped up measures to tackle the health risk, including closing most entry points along its 4,200-kilometer border with China and temporarily banning Chinese citizens from entering the country. Russia has a total of seven confirmed coronavirus…
Background OMV AG is Gazprom’s main partner in Austria. The companies cooperate in gas production, transportation and supplies. On October 3, 2018, Gazprom and OMV signed the Basic Agreement on Asset Sale. In accordance with the document, OMV will obtain a 24.98 per cent stake in the project for developing Blocks 4A and 5A in the Achimov formations of the Urengoyskoye field. As a result, the Gazprom Group’s stake in the project will…
Experts are attributing a sharp drop in the number of deaths from alcohol poisoning in Russia to the unseasonably warm winter. Some 619 people died from alcohol poisoning in January 2020, down 37.3% from January 2019, Russia’s National Center for Alcohol Policy Development said Thursday. The past winter was the warmest since records began in…
Today marks the 83rd birthday of Valentina Tereshkova, the first woman in space. She remains the youngest woman to ever venture into space (at age 26) and the only woman to embark upon a solo mission. Tereshkova was born in 1937 in the Yaroslavl region. Her parents were collective farmers, although her father would die…
Yevgenia Markova dreamed of being a truck driver all her life. There was just one problem — working as one would have been against the law. “I’ve loved everything that can be driven since childhood — cars, river boats, trains. But these were all forbidden,” she told The Moscow Times. For decades, women in Russia…
Before Vyacheslav Makarov announced in January he was leaving gaming, few could have expected the man who helped create the mega-hit World of Tanks wanted a career in Russian politics. Yet on the sidelines of a digital technologies conference in Moscow on Thursday, the 40-year-old online gaming legend launched his latest creation: the Direct Democracy…
Two-thirds of Russians would not be happy to have a woman as president, the state-funded VTsIOM polling agency said Friday ahead of International Women’s Day on March 8. Some 68% of people surveyed said they opposed a female president, up from 61% in an identical VTsIOM’s poll in 2016. The pollster noted that both male…
Russia is hoping to lure more people to live in the Arctic with promises of payouts and infrastructure development in the environmentally vulnerable territory, according to its 15-year strategy published Thursday. The Kremlin document on the “foundations of state policy in the Arctic to 2035”, signed by President Vladimir Putin, set out its policy plans for…