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Russian Central Bank has instruments to withstand external shocks — head

Head of the Russian Central Bank Elvira Nabiullina said the Central Bank proceeds in its forecasts from the assumption that sanctions will remain

Russia's Central Bank has necessary financial instruments to withstand external shocks, the bank's head Elvira Nabiullina said on the sidelines of the annual meeting of the International Monetary Fund and the World Bank in Washington.

North Korea interested in buying Russian passenger planes - Russian senior MP

Pyongyang seeks to boost flight safety, deputy speaker of the Russian State Duma Sergei Neverov noted

North Korea is interested in buying new Russian civil aircraft to boost flight safety, Sergei Neverov, a deputy speaker of the Russian State Duma lower parliament house, who leads a Russian parliamentary delegation visiting Pyongyang, told TASS on Sunday.

Rusal, Braidy Industries to build US aluminium rolling mill for automotive industry

The rolling mill’s annual design capacity will be 500,000 tonnes of hot rolled band and 300,000 tonnes of fully finished cold rolled products

Russia’s aluminum giant Rusal and US holding company Braidy Industries Inc. plan to fulfill a joint project on producing flat rolled aluminium products for the US automotive industry in Ashland, Kentucky, Rusal’s press service said on Monday.

Russia to invest $11.4 bln in Northern Sea Route until 2024

According to head Rosatom, Alexey Likhachev companies implementing projects in the Arctic region will invest in the development of the port and the nearby infrastructure

Russia will invest 735 bln rubles ($11.4 bln) in the Northern Sea Route until 2024, head of Russian nuclear corporation Rosatom, Alexey Likhachev said in an interview with TASS at the International Arctic Forum.

He added that budget funds will account for one third of this amount.

Macroeconomic situation in Russia is healthy, says IMF

Christine Lagarde still thinks, however, that more deep and structural reforms are needed

The macroeconomic situation in Russia is healthy but the country needs to proceed with structural reforms to unlock the potential for economic growth, IMF Managing Director Christine Lagarde said at a press conference on Thursday.

Rare emerald over 1 kg to be put up for auction in Russia

Seven out of ten emeralds recognized as the best in the world come from the Urals

Swedish companies eye joint Arctic projects with Russia

Russia's St. Petersburg is hosting the International Arctic Forum - Arctic: Territory of Dialogue

Norilsk Nickel, Russian Platinum ready to invest $3.8 bln in Arctic Palladium project

The project will create about 8,000 jobs in the north of the region

Iconic Praga restaurant building in Moscow sold for $22 mln

The initial price was set at 1.78 billion rubles ($27.7 million)

The building of the Praga restaurant, one of Moscow’s oldest and most luxurious restaurants, has been sold for 1.4 billion rubles ($22 mln), according to the New Information Services (NIS) online auction.

Putin assures sanctions will not interfere with Russia's plans for Arctic development

Russia's future does not depend on sanctions, said Vladimir Putin

including national projects, Russian President Vladimir Putin said at the full-scale meeting of the International Arctic Forum on Tuesday.

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