Russian credit ratings agency (ACRA) issued its first sovereign rating for Russia, awarding the country an A- credit rating, which is significantly higher than the three leading international ratings agencies, bne Intellinews reports.
“Russia’s A- sovereign credit rating is supported by the low level and sustainable structure of public debt,...
Russia’s largest integrated petrochemical company Sibur has begun talks with banks about a possible initial public offering, Interfax news agency reported on Tuesday citing a statement by Sibur's CEO Dmitry Konov.
Sibur could list shares on the Moscow Exchange and later consider other international bourses, Konov was quoted by CNBC as saying. The CEO said Sibur could...
Rusal's dollar bonds slumped to record lows and a prominent board member resigned on Tuesday in the latest aftershocks from the Russian aluminum giant's inclusion last week on a new U.S. sanctions list, The Globe and Mail reported.
On Tuesday Rusal’s dollar bonds maturing in 2023 fell 17.3 cents to...
A subsidiary of Russia’s state nuclear corporation Rosatom could buy a controlling stake in a lithium project in Chile’s Atacama salt flat from Canada-listed Wealth Minerals Ltd, the Canadian company said on Tuesday, according to Reuters.
Under a deal struck with Wealth, the Russian nuclear firm has the option to...
The possibility of expansion of U.S. sanctions against Russia and the uncertainty it has caused last year has pushed companies’ share prices lower, prompting investment bankers to suggest their clients should delist from local and international exchanges, Reuters writes.
Russian food retailer Dixy was one of those that decided...
Russia’s Economic Development Minister Maxim Reshetnikov has ruled out the possibility of a sovereign default in Russia similar to the one the authorities announced in 1998, Lenta.ru reported.
During an interview on Russia’s Channel One, Reshetnikov answered "No" to a question if there is at least a minimal probability of...
The losses of the global economy due to cyberattacks in 2022 could reach $8 trillion, Russian Foreign Minister Sergey Lavrov wrote in his article published by External Economic Relations magazine, TASS reported.
According to Lavrov, the global community is facing a "cyber pandemic." "Acts of cyber terrorism are of deep concern,...
Germany’s pharma giant Bayer filed a claim to the Moscow Arbitration Court to invalidate the resolution of the Federal Antimonopoly Service (FAS) of Russia over the watchdog’s investigation into the company’s planned takeover of Monsanto.
The Head of FAS Igor Artemyev confirmed the information.
"The largest German company Bayer, which is merging...
Russia’s shadow economy had a 12.7% share in Russia’s GDP in 2017, latest official data by Russia’s state statistical agency Rosstat reveal, according to RBC.
Rosstat includes off-the-books salaries, unofficial employment and informal sales in its definition of the shadow economy, but does not count criminal activity. The agency’s...
The depreciating ruble, the drop in oil prices and continuing anti-Russian sanctions have caused Moscow to drop out of the list of top-100 most expensive cities in the world for foreigners, says the new Cost of Living Index report by international consultancy ECA International.
According to the report, cited...
