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Maxim Oreshkin

Science, technologies to be bridge between Russian and Japan

Kyoto - TASS

Science and technologies must be a bridge connecting Russia and Japan, Russian Minister of Economic Development Maxim Oreshkin said on Sunday at the opening of the annual Science and Technology in Society (STS) forum in Kyoto. "Development of science and technologies is a national priority of our country and we are open for technology cooperation. Being a special presidential envoyRead more

Russian minister says OPEC oil deal hurting domestic economy

Moscow - Arab Today

Russia’s economic growth in October was negatively affected by a global deal between members of OPEC and Russia to curb crude oil production, Russia’s economy minister said on Thursday. Maxim Oreshkin’s comments are the first by a senior Russian official giving a negative assessment of the deal, in which Russia joined OPEC and others in cutting output from January byRead more

Russia sees first growth in 2 years as economy stabilises

Moscow - Arab Today

Russia's economy expanded for the first time in two years in the fourth quarter of 2016, data from the state statistics service showed Friday, as it slowly recovers from a crippling crisis. The country recorded 0.3 percent growth in gross domestic product year-on-year, Rosstat said, as Moscow pulls itself out of a two-year economic crisis triggered by tumbling oil pricesRead more

Russia is ready to act on strong ruble

Moscow - Arab Today

Russia’s economy minister said Friday that authorities expected the ruble to begin weakening soon, but would react if the currency continues to strengthen. “We consider that the strengthening that we see on the market is short term in character and is not connected to fundamental factors,” Economy Minister Maxim Oreshkin told Russian news agencies a day after meeting President VladimirRead more

Russia s Budget to be Stable When Oil Prices Are $40 Per Barrel

Moscow - QNA

Russia’s budget for 2017-2019 based on an oil price of 40 US dollars per barrel will be stable and there will be no need to increase taxes, Russian Minister of Economic Development Maxim Oreshkin said in an interview with the Kommersant daily. "The approved three-year budget demonstrates that under the conservative scenario for the next three years with oil pricesRead more