News

There are possibilities to raise about 600 billion roubles for funding programmes to develop farming, construction, energy, transportation and holiday industries  and improve education, health care and cultural services in the Russian Caucasus.  

EU members have agreed on strengthening financial control to prevent a new crisis, Michel Barnier, European Commissioner responsible for financial regulation, stated on Monday in Brussels.  

At the 6th Baikal Economic Forum in Irkutsk Monday, Russia offered China 260 billion roubles worth of joint projects in energy, transport and timber.  

Russia will assist Vietnam in building its first nuclear power plant.  

The number of unemployed the world over has reached an all-time high. According to the International Monetary Fund and International Labour Organization, 210 million people are currently redundant.  

President Barack Obama has extended for one more year the U.S. trade embargo on Cuba which has been in effect since 1961, the AP reports from Washington.

The Russian Transcontainer container shipping company has established a subsidiary in South Korea. The name in Transcontainer Asia Pacific, and the head office is in Seoul.  

Russian food manufacturers and trading companies have signed an agreement on preventing speculation, providing for tougher control over commercial agents, which will help avoid groundless price hikes.

Russia intends to start producing electromobiles, with the first three samples developed by the group ONEKSIM by December, the company’s head Mikhail Prokhorov said.

Moscow and Beijing are close to a final agreement on supplying Russian gas to China.  

Russia will construct two fast breeder reactors in China. This will be the 3d and the 4th units  of  the  Tianwan nuclear power plant,  said the head of Russia's Rosatom energy corporation Sergey Kiriyenko who is currently on a visit  to Beijing. 

Beginning with 2011, a plant being built near Novosibirsk in Western Siberia  will be annually turning out cutting-edge accumulator batteries for 60 thousand commercial vehicles and cars.