Monday, January 17, 2022
Oleg Deripaska, the owner of U.S.-blacklisted aluminum company Rusal, is the biggest loser among Russian billionaires sanctioned by Washington for links to the Russian government and its “malign activities”, according to the Bloomberg Billionaires Index. The 50-year-old billionaire’s net worth plunged to a record low on Tuesday, almost three weeks...
This year’s Black Friday campaign has proven successful for retailers, Izvestya reports. According to early indications, total sales reached 17.4 billion rubles ($259.7 million), which is 2.5-times more than in 2017, according to ArtyomSokolov, president of the Association of Internet Trade Companies (AITC). Fiscal data operator OFD Platform said the...
Georgia’s income from Russian tourists was $44.3 million less last month compared to the same period of 2018, after a ban on flights to the Caucasus country was introduced by Russian President Vladimir Putin, Georgia Today reports citing authorities. “Tourism revenues totaled $375 million in July 2019, $58 million less...
This week’s sharp ruble devaluation may prop up Russian grain exports, which started declining by the end of the season, Kommersant business daily writes. "The devaluation factor will influence the market for several weeks. Even if the ruble manages to recover losses soon, the short-term jump in the foreign currency rate...
As part of a large-scale reform of control and supervisory activities known as the "regulatory guillotine," Russian authorities have canceled more than 12,000 acts, most of which contained outdated Soviet-era requirements for national enterprises, according to Deputy Prime Minister - Chief of the Office of the Cabinet of Ministers...
Share prices in Russia’s utilities sector have surged by 16% last year, with the power sector currently being the only sector performing well in the stock market and is expected to lead it for the rest of the year, bne Intellinews writes. “The world is slowly but persistently moving toward...
Тhe Black Sea Fleet forces are tracking the movements of a NATO naval group in the Black Sea, the National Defense Control Center (part of Russia’s Defense Ministry) reported on Tuesday, TASS reported. "The Black Sea Fleet’s forces and capabilities have started tracking the operations of the standing NATO mine...
Russian bank TCS Group Holding reported on Thursday a 25% rise in second-quarter net profit, but said it expects full-year earnings to fall as it reintroduced guidance after scrapping it last quarter due to the COVID-19 pandemic, Reuters reported. The Russian banking sector has taken a hit from the coronavirus...
A Moscow court has extended for three months the house arrest of U.S. investor Michael Calvey, a day after he was moved from pretrial detention, the Washington Post reports. The detention of the American businessman and founder of investment firm Baring Vostok on fraud charges has shocked the business...
A number of well-known Russian businessmen on Thursday said that U.S. investor Michael Calvey’s treatment at the hands of the authorities over fraud charges looked too harsh and called for him to be released from a pre-trial detention facility on bail, Reuters reports. The detention last month of Calvey,...

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