Latest St Petersburg (Russia) News
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Russia’s economy should start orienting on lower oil prices in 2014– IMF
Russia and the global economy Given the shaky global economic environment, Russia should revise its expectations of oil prices and start to plan its budgetary expenses on the basis of lower oil, the IMF said in its Tuesday report. Russia's budgetary rule "should be tightened starting next year--via a lower benchmark oil price and reduced net borrowing--to allow rebuilding of ...
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Russia US Rue Lack of Karabakh Progress
LOUGH ERNE, June 18 (RIA Novosti) – Russia, the United States and France, the three countries mediating the conflict over the disputed South Caucasus region of Nagorno-Karabakh, said Tuesday that they were greatly concerned by the lack of progress in bringing peace to the region. The parties to the conflict – Armenia and Azerbaijan – are still pursuing unilateral aims rather ...
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Russia to ban married foreign gays from adopting kids
Russia is on its way to sharply limiting the adoption of children by people from countries that allow same-sex marriage. Under a measure that passed its crucial second reading in the lower house of parliament Tuesday, Russia will prohibit adoption by foreign couples whose homeland recognizes their union as marriage, as well as by single people or unmarried couples from those countries. The ...
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VTB24 Is No Socialist Bank Its President Says
VTB Group laid out ambitious expansion plans Tuesday, with its retail banking expected to grow faster than the market in the next three years. Every fifth bank customer will use the group's ...
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US Ambassador to Russia returns historical documents
United States Ambassador to Moscow Michael McFaul handed over to Russian officials eight historic documents that had been taken out of Russia in the early ...
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Train between Moscow and St. Petersburg to carry passengers cars
On July 1st, the Federal Passenger Company (FPC) is launching the first passenger train between Moscow and St. Petersburg that will provide an opportunity to passengers to transport their vehicles, the director of the FPC, Mikhail Akulov, said ...
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Vladimir Putin Russia has no evidence Syrian govt used chemical weapons
LOUGH ERNE, June 18 (Itar-Tass) - Russia has no evidence the Syrian government has used chemical weapons. Some G8 countries, too, believe such weapons were not used, Russian President Vladimir Putin ...
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START Russia-U.S. nuclear talks
US lawmakers have imposed new conditions the administration of President Barack Obama would need to meet before the United States can fulfill its obligations under the 2010 START nuclear arms reduction agreement with Russia, recently-approved legislation ...
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US Lawmakers Put Brakes on Russia START Nuclear Pact
WASHINGTON, June 18 (RIA Novosti) – US lawmakers have imposed new conditions the administration of President Barack Obama would need to meet before the United States can fulfill its obligations under the 2010 START nuclear arms reduction agreement with Russia, recently-approved legislation shows. The restrictions stipulate that no funds may be spent to decommission US nuclear weapons ...
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Russia US to Spearhead Syria Peace Plan – Putin
LOUGH ERNE, June 18 (RIA Novosti) – Russia and the United States will bear primary responsibility for developing a peace plan for Syria, Russian President Vladimir Putin said Tuesday at a press conference following ...
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Iran ready to stop 20 per cent uranium enrichment Russian minister says
Russian Foreign Minister Sergey Lavrov walks to a meeting with Latin American Foreign Ministers in Moscow, Russia, Wednesday, May 29, 2013. Russia's foreign minister has sharply criticized a draft resolution on Syria to be considered by the United Nations' top human rights body. (AP Photo/Misha ...
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G8 communique shows Russian shift
Russian President Vladimir Putin (L), British Prime Minister David Cameron (C) and U.S. President Barack Obama take part in a group photo for the G8 Summit in Enniskillen, Northern Ireland. REUTERS/Kevin ...
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Siluanov Seeks Weaker Ruble to Promote Growth
Anton Siluanov on Tuesday rejected proposals to lay responsibility for growth on the Central Bank and offered his way out of the government's predicament - devalue the ruble. Siluanov's ministry will use oil revenue destined for the Reserve Fund to buy currency on the market and weaken the ruble by 1 to 2 rubles ($0.03 to $0.06), he told Bloomberg. Insisting that strictly ...
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G7 plus one Isolated Russia holds line on Syria.
The G8 summit ended today with Russia far from agreement with the West over how to resolve the Syrian civil war. Russian experts say the rift is probably ...
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Russias Su-35S shows art of aerobatics at Le Bourget
Russian multi-purpose fighter jet Su-35S that has never been presented abroad, successfully performed its first demonstration flight at the air show in Le Bourget, near ...
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Russian multi-purpose fighter jet Su-35S that has never been presented abroad successfully performed its first demonstration flight at the air show in Le Bourget near Paris. Before the audience of the prestigious airshow the 4 + + generation fighter c
The plane, which attracts a lot of attention of potential buyers, bears a resemblance to its predecessor, the Su-27, but the new aircraft has been thoroughly modernized. Mikhail Pogosyan, the President of United Aircraft Corporation (UAC) said that the complex avionics of the Su-35S was capable of detecting targets with the help of a radar at a distance of more than 300 km. A highly powerful ...
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Russian Government Announces Closure of Cellulose Plant in Baikal
Moscow, Jun 18 (Prensa Latina) The Prime Minister of Russia, Dmitri Medvedev, backed the decision of Irkutsk region''s management of closing permanently the Baikal Cellulose Plant, which was fiercely criticized by ecological organizations that accuse it of damaging the environment. During a meeting with the regional management about the ecological situation of Baikal Lake's ...
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IMF cuts Russia 2013 growth forecast
The IMF on Tuesday cut its forecast for economic growth in Russia in 2013 to 2.5 percent from its previous projection of 3.4 percent due to weak investment and external demand."Russia's growth has slowed while inflation remains high," the IMF said in a statement after a staff visit to Russia this ...
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Seeking a Syria consensus despite U.S.-Russia divide
President Obama meets with Russian President Vladimir Putin in Enniskillen, Northern Ireland, Monday, where they discussed the ongoing conflict in Syria during their bilateral ...
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Russia signs first contract at Paris Air Show
Planes The Russian delegation has landed its first deal at the Paris air show, selling all-weather K-52 Alligator helicopter gunships to Iraqi officials. Airplanes of all shapes, sizes, and nationalities have taken to the Parisian sky this week at 50th Le Bourget air show, and Russia has concluded its first sales on day two of the bi-annual exhibition. The Iraqi order is part of a $4 ...
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Russias Youth Population ‘In Steady Decline’ - Official
MOSCOW, June 18 (RIA Novosti) - Russia has seen both the number of young people in the country and their share in the total population decline steadily in recent years, an Education Ministry official said on Tuesday. "According to the Federal State Statistics Service, in 2012 there were 31.6 million people in the 15-29 age group – making up 22 percent of the country’s total ...
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IMF Urges ‘Ambitious’ Economic Reforms in Russia
MOSCOW, June 18 (RIA Novosti) – Russia needs to carry out "ambitious" economic policy reforms to realize the economy’s midterm potential and reduce its vulnerabilities to a slump in oil prices or acceleration of capital outflows, the International Monetary Fund said Tuesday. "The pre-crisis growth model, based on increasing oil prices and rising use of spare capacity, ...
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Nigeria drops charges against some Russian arms suspects
Russian sailors suspected of trafficking arms, their lawyer said, but another seven will face trial. The 15 Russian sailors were charged with illegally bringing weapons ...
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Russias Putin Says Did Not Feel Isolated at G8
ENNISKILLEN, Northern Ireland -- Russian President Vladimir Putin, speaking after two days of tense G8 talks on Syria, said on Tuesday he did not feel isolated at the summit despite clashing with leaders on how to resolve Syria's civil ...
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Rostec Signs Deal for Small Aircraft Localization
Rostec said in a statement Tuesday that it signed a framework agreement during the Le Bourget Paris Air Show with Austrian Diamond Aircraft Industries to manufacture light aircraft in Russia. The Austrian producer signed a two-year contract with Rostec, worth 2.5 billion rubles ($77.9 million), to buy 114 Da40 Tundra planes, localizing their production and larger aircraft in the future. Rostec ...
St Petersburg Focus
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New business centre in St Petersburg remains contraversial
Okhta Centre has become one of the most contentious development projects in all of Russia. It is a project that offers St Petersburg two options that can’t be matched, either to embrace the modern world and allow a world-class business centre to be built, or maintain the city’s historic skyline, architecture and reputation as a major tourist destination with huge historical significance.
Before 2007, Okhta Centre was called Gazprom City and was promoted as such in Russian and St Petersburg news media, but from the start the project was a contentious issue, due primarily to the fact that the development calls for a massive tower to be built in its centre, a tower that will be the tallest in Europe and one of the largest in the world. Read more
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