Putin to meet with Iraq’s visiting Vice-President Nouri al-Maliki TueRussian Politics & Diplomacy July 25, 6:49
Russian super-heavy booster vehicle to bring payloads of 70 tns to orbitScience & Space July 25, 5:34
New limits on microloans to kill off most micro lenders in Russia, say expertsBusiness & Economy July 25, 3:45
Lavrov says astonished to watch mass hysteria among US politiciansRussian Politics & Diplomacy July 25, 1:35
Lavrov comments on Syrian de-escalation zone agreementRussian Politics & Diplomacy July 24, 20:15
Iraq calls for closer cooperation with RussiaWorld July 24, 19:09
Russia develops laser-guided automatic landing system for dronesMilitary & Defense July 24, 18:22
Communist propaganda ban not aiming to dismantle Soviet WWII memorials, vows Polish envoyWorld July 24, 18:16
Situation with Siemens won’t affect Russian companies — energy ministerBusiness & Economy July 24, 18:11
MOSCOW, December 4. /TASS/. The Russian economy has entered a long period of low oil prices, Economic Development Minister Alexei Ulyukayev told reporters.
"Unfortunately, we have entered a rather long period, when commodity prices are not as high as over the last 10-15 years. This also applies to oil and gas, and metals,"- he said.
The Minister stressed the need to develop non-oil exports, as it was stated by President Vladimir Putin in his state of the nation address to the Federal Assembly on Thursday.
"But products with high added value are certainly free from this limitation, there are much less demand constraints, budget constraints," - the Minister said.