Wednesday, July 6, 2022
The Russian economy is in need of a more structured and widespread microcredit policy to successfully combat the challenges it is facing, according to an analysis by non-profit Borgen Project. “Geopolitics and market dynamics are the biggest adversaries for anyone looking to start a business in Russia, and although they...
Real disposable incomes in Russia increased by 0.8% in 2019, beating expectations and accelerating from 0.1% seen in 2018, latest data published by Rosstat shows, according to Interfax. In 2014-2017 disposable income dived by 8.4%, but the Ministry of Economic Development expects further disposable income recovery of up to 1.5-2%...
American global food processing and commodities trading corporation Archer Daniels Midland Company (ADM) and Russia-based Aston Foods have successfully received all required regulatory approvals and launched their 50-50 joint venture to provide sweeteners and starches to customers in Russia, Food Business News reports. Aston is one of Russia’s largest agricultural and...
Russia is planning the introduction of interested small and medium-sized enterprises to African markets, Foreign Minister Sergey Lavrov said on Tuesday, according to state-run news agency TASS. Lavrov was speaking at his ministry’s business council meeting on the development of economic ties between Russia and African countries. "We find it important...
The turnout at the online vote on the amendments to Russia’s Constitution amounted to 49.51% at 06.30 Moscow time on Friday, Deputy Chairman of Moscow’s Civic Chamber Alexei Venediktov wrote on his Telegram channel, TASS reports. "The turnout at the online vote was 49.51% at 06:30. About 2,000 people voted...
Russia is stepping up plans to set up a military base in the Somaliland Port of Berbera reports from the United States Defense Department officials have said, according to Russian news outlet Telegraf. This comes amid reports that Russia has also held talks with Eritrea with an interest to build...
Russian President Vladimir Putin gave instructions for the development of the Far Eastern Federal District (DFO), the Kremlin website reports. In particular, the government will consider the issue of payment of one million rubles to families living in the Far Eastern Federal District, in which a third and subsequent child...
The Ministry of Sports of Russia, the Russian Football Union (RFU), the government of the Kemerovo region and the regional football federation signed an agreement on cooperation and interaction in the field of football development, TASS reported citing the Sports Ministry. The agreement was signed within the framework of the...
Ukraine has broadened sanctions against Russian companies and citizens to include aluminum and power producer En+ Group and several other Russian firms, as written in a new decree signed by Ukrainian President Petro Poroshenko on Wednesday, Reuters reported. The measures are a continuation of Kiev’s response to Russia’s annexation of...
U.S. President Donald Trump faces a major deadline to use the Russia sanctions power that Congress overwhelmingly voted to give him — and lawmakers aren’t sure whether he’ll comply on time after missing the last deadline, Politico reports. As lawmakers on both sides of the aisle remain keen to get tough...

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