American insurer Liberty Mutual has agreed to sell its Russian subsidiary, Liberty Insurance PJSC, to private lender Sovcombank, one of the largest banks in the country, Insurance Insider reported.
The company said the transaction is expected to close in the first quarter of 2020, after which the Russian subsidiary will...
After oil futures and global stock markets, Russian stocks finished the trading week in the negative on Friday, TASS reports. The MOEX Russia Index down 0.42 percent to 3,802.95 points, while the RTS index, which is based in dollars, fell $1.06 percent to 1,646.72 points.
The dollar gained 0.57 percent...
Sales of new cars in Russia could fall by 30% to 1.14 million units in 2020 amid the coronavirus pandemic and lower oil prices, according to a study by consulting company PwC.
The forecast was based on a "stressful" scenario, according to which the restoration and stabilization of oil prices...
Russia’s ex-Finance Minister and new head of the Accounts Chamber Alexei Kudrin has said that the Russian government needs to “carefully consider” the bill on criminal liability for the implementation of anti-Russian sanctions because in its current version it can harm Russian companies.
"I think it's good that the bill...
Russian restaurant owners stripped of their income by the coronavirus lockdown are campaigning for their businesses to be allowed to reopen by posting pictures of themselves naked on social media, Reuters writes.
Hundreds of bar, restaurant and cafe employees have posted photographs of themselves naked with carefully positioned plates, cups,...
A series of amendments to Russia’s Tax Code concerning both individuals and legal entities have come into force starting from January 1, TASS news agency reports.
The cancellation of property tax for legal entities has become one of the important amendments to the Code. First Deputy Minister, Finance Minister...
The chief executive of Russia’s state-owned Sberbank – Russia’s largest lender – believes that global governments “won’t let go” of centralized models to allow decentralized cryptocurrencies to flourish within the next 10 years, Kommersant reports.
According to German Gref, governments are not yet ready to part with centralized currencies and...
Russia’s cheese-making industry has come since President Vladimir Putin banned Western food imports in 2014 in a tit-for-tat measure over the Ukraine crisis, AFP writes.
Many Russians had developed a taste for French and Italian cheeses prior to sanctions, and Moscow seized the opportunity to put in place an “import...
Since the early 2010s, when posts advertising so-called “friends for hire” began appearing on Russian-language websites, the business has been constantly growing, independent news website Meduza writes.
The service allows internet users to pay an hourly fee for an apparently ordinary person to listen to them, give them emotional support,...
