Russia will wait until Ukraine forms a new government before honoring agreements to reduce natural gas prices and channeling the remainder of a $15 billion rescue package to its neighbor, President Vladimir Putin said.
A top government official reaps millions in profits with the help of the nation's wealthiest businessmen. That definitely sounds illegal. So when the international media last week reported such dealings by Russian Deputy Prime Minister Igor Shuvalov, one might have expected a public outcry.
BP Plc raising its OAO Rosneft stake shows Russia’s willingness to surrender control over the country’s largest oil producer as the state cuts its business holdings, said First Deputy Prime Minister Igor Shuvalov.
Russia’s central bank is resisting calls to cut interest rates, sparking a “huge argument” with the government over priorities as economic growth slumps, First Deputy Prime Minister Igor Shuvalov said.
Russia will offer cheaper natural gas to Ukraine if the government in Kiev opts to join a Moscow-led economic bloc after halting free-trade talks with the European Union, according to First Deputy Prime Minister Igor Shuvalov.
First Deputy Prime Minister Igor Shuvalov urged investors to be wary of Russian stocks as policy makers in the world’s biggest energy exporter try to prevent the economy from overheating and encourage long-term investment .