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  • Liquor Sales in Russia Drop 23 in Jan-April

    RIA Novosti - Friday 24th May, 2013

    MOSCOW, May 24 (RIA Novosti) – Production of vodka and other spirits in Russia dropped 23.3 percent in the first four months of 2013 year on year to 5.7 million decaliters, the Federal Statistics Service (Rosstat) said in a report on Friday. Beer production declined 10.7 percent compared to the same period last year, to some 78.2 million decaliters. Production of wine rose 19.1 percent ...

  • Russian Minister Urges Completion of 2 New Radars

    RIA Novosti - Friday 24th May, 2013

    KALININGRAD, May 24 (RIA Novosti) – Construction of Russia’s two new antimissile radars – one in the Baltic exclave of Kaliningrad and the other in Siberia’s Irkutsk region – should be complete by the end of next year, Defense Minister Sergei Shoigu said on Friday. The minister, who was visiting the Voronezh-DM-class radar station near Kaliningrad, said that on ...

  • Time to Avoid Russia ETFs

    General Sources - Friday 24th May, 2013

    Russian stocks have on a decline so far this year and they have been very volatile too. Low investment and structural factors are leading to the slow growth of the economy, which in turn have hurt the stock market. Russia is the world's top producer of crude oil and has more natural gas than any other country on the planet, ensuring that it will be a top player in the energy space for ...

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