U.S. special counsel Robert Mueller filed additional criminal charges Thursday against President Donald Trump's former campaign chairman and his business associate, escalating the pressure and stakes in the investigation over Russian meddling in the 2016 U.S. elections, CNN reports.
The filing adds allegations of tax evasion and bank fraud and...
Trade turnover between Russia and China dropped by 5.6% in January-June period of 2020 year-on-year to $49.15 billion, according to the data released by China’s General Administration of Customs on Tuesday, as reported by TASS.
Exports from China to Russia lost 6% in the reporting period to roughly $20.94 billion,...
Russia’s Alrosa, the world’s largest diamond company by volume, is wary of new U.S. sanctions on Russia as the company is starting a big sales push in America, Yahoo Finance reports.
After a two-year break, Alrosa resumed its U.S. operations in 2018 and hired industry veteran Rebecca Foerster in January...
The Russian deputy Finance Minister Alexei Moiseev said Tuesday that Moscow backs lifting an embargo on diamond exports from the Central African Republic, Rossiyskaya Gazeta reports.
Russia has made moves to strengthen its influence in the poor but strategic CAR in recent months, sending military instructors to the country and...
The Moscow Exchange and corporate access technology platform Closir have announced they are entering a strategic partnership, Finextra reports.
MOEX will be using Closir’s technology to provide global investors with access to management of its listed companies during its well-established series of MOEX Forums in Moscow, London and New...
Russia’s second-largest lender, VTB Bank, has launched an online car marketplace in partnership with dealership aggregator AutoILSA, RBC reported.
ILSA registers 871 official dealers in 71 Russian cities. Customers are able to book a car from ILSA and apply online for a loan, but still would still need to come...
Russia’s financial markets have recovered to levels that preceded the latest round of U.S. sanctions against Moscow, Russian Finance Minister Anton Siluanov told the Rossiya-24 TV channel.
"We had to face new sanctions, and we saw the market’s reaction. It was quite calm. Initially, we could see certain volatility on...
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...
In the Russian industry, zombie firms account about 10-15% of the total. This is the conclusion reached by specialists from the Center for Business Studies of the National Research University Higher School of Economics in their assessment of Russian industrial business activities, according to Vedomosti.
Analysts at the Institute classify...
The CEO of Otkritie bank, a troubled lender bailed out by Russia’s central bank last year, has almost finished its clean up and is switching its focus to growth this year, Chief Executive Mikhail Zadornov told Reuters.
In 2017, the central bank has so far spent more than 2 trillion...
