Russia's annual oil production will increase in the medium term to 540 million tons per year, or 3.8 billion barrels per year, or 10.35 million barrels per day, Russia's Deputy Prime Minister Alexander Novak said.
For the first time in history, imports of European goods into Russia have exceeded Russian exports to the European Union, with Russia’s trade balance posting a deficit of 0.5 bln euro over the first nine months of 2025, according to Eurostat.
The issue was previously raised by Georgian Prime Minister Irakli Kobakhidze
This is due to a number of steps by the Ministry of Economy, as well as sanctions
The highway is part of Russia's major road network
The ministry noted that the country's economic policy is results-oriented
Russia is exploring options to expand the range of goods that can be supplied to Armenia via Azerbaijan, Russia’s Deputy Prime Minister Alexey Overchuk said.
Gas consumption worldwide increased by 25 bln cubic meters year on year in 2025, Russia's gas major Gazprom said.
The second meeting of the Heads of Government/Vice Presidents of the Organization of Turkic States member countries will be held in Baku next year, Azerbaijan's Prime Minister Ali Asadov said at the 2nd Azerbaijan-Türkiye Investment Forum being held in Baku.
The 2nd Azerbaijan-Türkiye Investment Forum was held in Baku yesterday. Türkiye's Vice President Cevdet Yilmaz said bilateral trade between Türkiye and Azerbaijan reached $8 billion in 2024. He noted …
Iran has abruptly suspended natural gas exports to Iraq, citing "unforeseen circumstances" in a notification to Baghdad.
For the first time, a shipment of Russian grain has been dispatched from the Volgograd region to Armenia via railway transit through Azerbaijani territory.
Russia and Syria have held a videoconference to discuss the resumption of wheat exports from Russia to Syria, reflecting efforts to strengthen bilateral economic ties.
Russia ranked second among China’s liquefied natural gas (LNG) suppliers in November after more than doubling exports, Bloomberg reported.
Georgian Railway is preparing to start building rail infrastructure to connect with the planned Anaklia deep-water port.
Turkish Airlines will inaugurate regular flights between Istanbul and Yerevan in March 2026, marking a new step in bilateral relations between Türkiye and Armenia.
Prime Minister Mikhail Mishustin has announced that the Russian government is projecting nearly 10% economic growth over the next three-year period.
Azerbaijan's state energy company, SOCAR, has agreed to purchase the Gama Enerji İç Anadolu power plant in Türkiye, with the final deal valued at approximately $225 million.
Georgia and Serbia are set to launch formal negotiations on a free trade agreement. The announcement will be made during a visit to Serbia by Georgia's Minister of Economy.
The Baku-Tbilisi-Kars project has been practically completed and work is currently underway to put it into operation, according to reports from Georgia.
