An unexpected drop in share value stunned the managers and owners of Magnit, Russia’s second-biggest supermarket chain on Monday, following plans to nearly double its number of stores by 2023 as part of efforts to revamp the business, RBK reports.
Magnit’s share was down 4.7 percent in Moscow on Tuesday,...
The leaders of the European Union have agreed to prolong economic sanctions against Russia for another six months over its continued destabilization of Ukraine, the European Council said, according to Reuters.
The EU's economic sanctions against Moscow over Ukraine include curbs on Russian energy, defense, and financial sectors and are...
Russian aluminum giant Rusal, controlled by sanctioned Russian tycoon Oleg Deripaska, could launch a legal appeal in the United Kingdom to reduce the impact of sanctions imposed by the United States, The Times reports.
Last week, the London Metal Exchange (LME), suspended Rusal from delivering aluminum to its warehouses. Sources close...
U.S. House Speaker Paul Ryan said on Tuesday the United States and its allies should condemn Russia for its election meddling and cyber attacks, Radio Prague reported.
Speaking in the Czech Republic, Ryan commended unity shown over a nerve agent attack on a former Russian spy in Britain. The Czech...
Russian security forces on Thursday detained a regional governor who staged an election upset against the country’s ruling party in the Far East in 2018 and accused him of organizing the murder of several entrepreneurs 15 years ago, Reuters reported.
Masked agents in camouflage pulled Sergei Furgal, the governor of...
The Federal Tax Service will begin accepting applications for new grants for small and medium-sized businesses affected by the aggravation of the pandemic on November 1. Benefits also apply to outreach non-profit organizations.
Applications can be submitted until December 15 on the FTS website or by mail. The subsidy is...
Russia’s leading malls recorded more foot traffic over the first half of this year, suggesting an end to a continuous contraction that has marred retail for the last five years, the latest Watcom Shopping Index reveals, according to Intellinews.
“During the first half of the year the Shopping Index in...
VTB Bank is changing the terms of mortgage loans and reduces interest rates by an average of 0.5 percentage points (pp), starting August 1, Vedomosti reported, citing the bank’s press service.
The minimum mortgage rate of 9.2% is provided by the program “More meters - lower rate”. Refinancing the existing...
The United States Senate has narrowly upheld a Treasury Department decision to lift sanctions from three companies connected to Russian oligarch Oleg Deripaska, Reuters reports.
A Democratic resolution that would have reversed Treasury's decision was rejected on Wednesday in a 57-42 vote, despite several Republicans criticizing the sanctions move...
Albania's main opposition group, the Democratic Party, has been drawn into the Russian meddling scandal, after a report by U.S. media outlet Mother Jones said that the group was connected to both a former Trump campaign aide and Russia-controlled companies.
The ultimate suspicion is that Russians covertly used Republicans in...
