EU WOULD REFRAIN
Russian Economy Minister Alexei Ulyukayev said on Saturday he was confident that the European Union would refrain from imposing sanctions that could hit some of the country's major exports.
European Union leaders are to discuss next week a series of steps they could take against Russia if there are disruptions to Ukraine's presidential election on Sunday.
The measures, including restrictions ranging from luxury goods imports to an oil and gas ban, envisage three scenarios - low-intensity, medium-intensity and high-intensity sanctions.
"I sincerely believe that it will not come to the adoption of these measures," Ulyukayev told journalists on the sidelines of the St Petersburg International Economic Forum.
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Saudi Arabia is considering delaying the international portion of the giant initial public offering of its state oil company until at least 2019, according to people familiar with the situation, who said a domestic share sale in Riyadh could still happen next year.
But we expect a rise in the sector's NPL ratio and muted credit demand in the second half of 2017 and 2018, reflecting the slowing economy. GDP growth slowed to 1.4% in 2016 from 3.4% in 2015 and we expect it to be below 1% in 2017 and 2018.
The Organization of Petroleum Exporting Countries and allies including Russia have been cutting oil production this year to bring fuel inventories in industrialized nations back in line with the five-year average.
The Japanese government will offer $10 billion to support firms bidding to build liquefied natural gas (LNG) infrastructure around Asia, the Nikkei business daily said on Monday.