Russia's service sector expanded in February but at a slower pace than the previous month amid softer growth in domestic demand, the Markit purchasing managers index (PMI) showed on Wednesday.
The index's headline figure declined to 52.0 from 54.1, staying above the 50 mark that separates expansion from contraction, as...
The new Russian government is expected to take the quantum leap announced during the presidential campaign, worth an unprecedented $400 billion, and carry out unpopular reforms under Finance Minister Anton Siluanov’s control, Russian media report.
According to experts polled by RBC, Putin’s new cabinet is a ‘compromise’ of elite groups...
The Russian rouble edged down on Friday as surging U.S. oil output a weaker demand in China drove the commodity’s price down, Reuters reported.
The rouble was 0.52 percent weaker against the dollar at 0932 GMT, at 62.74 and had lost 0.27 percent to trade at 73.84 versus the euro.
Oil prices...
Online financial transactions are used by three-quarters of the Russian adult population (almost 75 percent of those questioned). Per a poll carried out by the Bank of Russia in May 2021, this number grew by 20%.
In the previous 12 months, more than 75% of the Russian adult population has used...
A brewing U.S. trade war with China could upset the Russian economy and hit steelworkers, as demand for traditional export goods to China might decline, Nezavisimaya Gazeta reports.
According to the newspaper, customs duties on Chinese goods might spark a catastrophic retaliation against U.S. exporters, including American farmers, who rely...
A recent surge in demand for Russia’s coupon-bearing federal loan bonds known could have happened due to increased purchases by Venezuelan investors, analysts told Russian news outlet RBC.
According to Richard Segal, senior analyst on developing markets at Manulife Asset Management, Venezuela’s purchases could have been ensured by the...
After getting the approval of Russian President Vladimir Putin, the law will remove restrictions for foreign shareholders with a stake of up to 20% in the authorized capital of Russian media to participate in shareholders' meetings.
Their votes will be taken into account when calculating the quorum and approving decisions.
In...
The list of 114 Russian politicians and 96 "oligarchs" the Trump administration released on Monday contains what Washington calls “people linked to Russian President Vladimir Putin”, a wide formulation used by the U.S. to include the whole Russian government, along with the most prominent Russian businessmen, on the list.
On...
Vitaly Yusufov, the son of former Russian Energy Minister Igor Yusufov, recently bought a $72-million mansion in California making a transaction through Deutsche Bank, The Wall Street Journal reported. The property is located in Menlo Park, where Facebook is headquartered.
The mansion was acquired by Vitaly Yusufov's Willow Project LLC....
