The head of the Higher School of Economics' Center for Development, Natalya Akindinova, explained that January economic data indicated that the Russian economy has started to worsen.

“This relates in particular to construction, cargo turnover and trade. The total fall in basic industries in January was 0.4-0.6% lower than December without taking into account seasonal fluctuations. The huge lack of growth has been accumulated in real incomes and consumer demand, and its downside potential has …

Gazprom and the Bank of China have signed an agreement granting the Russian gas monopoly a €2 billion loan for a period of five years as reported by the press service of the company.

It is the largest funding deal coming directly from one credit institution in the history of Gazprom. It was also noted by the company that it was the first bilateral loan agreement with the Chinese Bank.

In August 2015 Gazprom secured a loan from a consortium of Asian Banks for $1.5 billion at LIBOR + 3.5% for …

The Minister of Foreign Affairs, Pavlo Klimkin, handed a statement written by the mothers and relatives of Ukrainian prisoners to the Foreign Ministers of the Normandy Four.

“I have sent an letter written by the mothers and relatives of our prisoners. It is about their relatives, who should be released immediately,” he wrote in his Twitter account following the results of the Normandy Four meeting in Paris.

Earlier, Klimkin reported that no conclusions were agreed on by the participants of …