The resource base of the Zapadno-Chernomorsky Area is provisionally estimated at 600 mln tonnes of oil and 100 bln cubic meters of gas.

The planned output is 6.5 billion cubic meters of gas a year for a period of 15 years.

Russian air carriers are expected to carry up to 105 mln passengers by the end of the year, according to Russia’s Federal Air Transport Agency.

Russia will provide Chinese high-tech enterprises with infrastructure, ensuring their cooperation with Russian scientific and research institutions.

Russia’s non-oil and gas budget deficit for nine months of 2017 hit the lowest level in five years of 6.8% of GDP.

The reports says despite the failure of some large private banks in 2017, the overall performance of the banking sector has been stable.

The start of a free trade area between South Korea and the Eurasian Economic Union (EAEU) is right around the corner.

After a 12-year hiatus, Russia’s biggest automaker AvtoVAZ is returning to Cuba with its latest models. The country is one of the priority export markets in Latin America for the company.

The Russian State Duma has passed the bill on federal budget for 2018 and the planned period of 2019-2020.