The Russian economy and the financial sector are quite stable despite falling oil prices, a weaker ruble and sanction’s pressure, said Russian Prime Minister Dmitry Medvedev at the Asia-Pacific Economic Cooperation (APEC) Summit on Wednesday.
A huge deposit holding at least 470 tons of gold has been discovered beneath the seabed of the East China Sea.
The largest deposit is located two kilometers below sea level in an area with estimated reserves of at least 1,500 tons of gold. It was discovered in the Laizhou city which has the largest gold reserves in China. More than 2,000 tons of gold has been found there recently.
The representatives of several major clothing companies including Adidas, Nike and Dsquared have appealed to Ukrainian law enforcement, demanding that they look into the serious problem of counterfeit goods featuring their logos being churned out en masse in the port city of Odessa. On Sunday, police reported a break in the case.
In an interview for leading German business newspaper Handelsblatt, Naftohaz CEO Andrei Kobelev complained that Kiev feels "threatened" by Moscow's plans to build the Nord Stream II gas pipeline, adding the he is offended by German companies' decision to participate in the project.
To stimulate new enterprises, Russia has created a separate organization, the Industry Development Fund, which provides soft loans to promising projects, including those with foreign participation. In an interview with RBTH, the head of the fund, Alexei Komissarov, explained which projects are eligible for funding.
The Federal Anti-Monopoly Service, the Health Ministry and consumer rights watchdog Rospotrebnadzor are against the proposed ban on advertising of unhealthy food and drink, saying such a measure would undermine the budget of the approaching 2018 FIFA World Cup.
In a further sign of splits within Europe lawmakers in the European Parliament have rejected a draft EU law that would have enable any EU member state to restrict or prohibit the sale and use of EU-approved genetically modified food on its territory.