Russia will voluntarily reduce oil production by 500,000 barrels per day in March in order to contribute to the restoration of market relations, Russian Deputy Prime Minister Alexander Novak said on Friday. “Russia will voluntarily cut production by 500,000 barrels per day in March. This will contribute to the restoration of market relations. When making
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Experts Named Russian Regions With Lowest Prices for Used Cars
The regions of Russia where it is most profitable to buy popular used cars have become known to the experts of the Auto.ru portal. They shared the results of their study with the Russian newspaper “Izvestia”. Analysts of the Auto.ru portal studied the database of ads for sales of popular five-year-old models of used cars
Russia Entered Top 3 European Countries With Most Affordable Gas
Russia took the second place in the ranking of countries on the cheapness of gas for the population. Kazakhstan occupied the first place and Belarus took the third, according to the RIA Novosti study. To assess the cost of gas for the population, the RIA Rating experts analyzed its prices in rubles. In addition, the
Russia Included in Top 3 European Countries With Lowest Gasoline Prices
Gasoline in Russia has become the second cheapest in Europe in absolute terms. On average, its cost is 51.3 rubles per litre, according to RIA Rating experts. The lowest gasoline prices in absolute numbers and without reference to the salary of citizens from all 32 European countries for which the rating is calculated are in
Russian Retailers Limited Margins on Essential Products
The largest retailers in Russia, X5 Group and Magnit, announced the voluntary introduction of restrictions on the growth of trade margins on socially significant goods. The X5 Group is the leading grocery retail company in Russia that manages the Pyaterochka, Perekrestok, and Chizhik retail chains. Today it was announced that the group introduced a restriction
Visit | Trip Advisory | 10.12.21
Muscovites Got Chance to Cut Down Christmas Tree by Themselves Legally
Forest nurseries of the Forestry Committee of the Moscow region for those who want to cut down a Christmas tree with their own hands will give such an opportunity from December 13, 2021. In Russia, cutting down Christmas trees is illegal and is possible only for forest nurseries at a particular time of the year.
OPEC+ Decided to Save Current Level of Oil Production Growth Rate
The OPEC+ alliance members did not change the conditions for oil production growth for January 2022, despite the decline in barrel quotations from $85 to below $70 per barrel due to the appearance of a new strain of the omicron coronavirus. “There are a lot of uncertainties around the new COVID-19 strain, so OPEC+ will
Dmitry Peskov: Russia Doesn’t Violate Anybody’s Rights by Concluding New Gas Contracts
The increase in fuel prices has been evident since the beginning of summer, when, due to the rising demand for resources in Asia, suppliers shifted to the region. In August, when it became clear that European gas storage facilities were not ready for the heating season, the price of fuel has begun to break records.
Russia International | 12.10.21
Moscow Ambassador Advised EU to Build Partnership Instead of Competition to Avoid Future Crisis
The EU can avoid future gas crises if it starts to improve relations with Russia and stops treating it as an enemy, the country’s permanent representative to the bloc, Ambassador Vladimir Chizhov told the Financial Times outlet. First of all, Chizhov emphasised that Moscow had nothing to do with the recent fuel price spike in Europe
Russia International | 06.10.21
Vladimir Putin Explained EU Commission’s Mistake in Sharp Gas Prices Spike Consideration
According to the Russian President, Vladimir Putin, the fact that the price of gas in Europe has broken all historical records is the consequence of the “abrupt rash actions” and mistakes of the EU authorities. Even though the world economy is currently gradually recovering from the crisis caused by the spread of coronavirus infection, “sudden
Experts Named Moscow Streets With Most Expensive Housing
The first place in the rating of Moscow streets with the most expensive offer of flats (both, secondary and primary markets) is occupied by the Ordynsky Dead End. The average price of 1 sq. m. there is 2.96 million rubles, and only one lot is on sale on the secondary market in the Barkli Gallery
Avito Recorded Increase in Suburban Real Estate for Rent Volume
The volume of supply of suburban real estate for short-term rent increased by 36.4 per cent in August 2021 compared to the same month of 2020, TASS reports with reference to the Head of the Direction of short-term rental “Avito Real Estate” Artem Kromochkin. “In general, in Russia for the year, the volume of offers
Moscow and St. Petersburg Entered Top 10 World’s Largest Cities in Housing Prices Growth
Moscow and St. Petersburg took seventh and eighth places, respectively, in the global ranking of housing price increases in the Global Residential Cities Index in the Q1 of 2021, TASS reports with reference to the Knight Frank international consulting company. It is noted that Moscow took the seventh line of the index with a positive
