The value of imported food in Russia has reduced by 31.2% in the five years since President Vladimir Putin imposed a ban on western imports as a response to U.S. and EU sanctions, RIA Novosti reported.
Russian food imports have dropped from $43.3 billion in 2013 to $29.8 billion in...
Russia’s small and medium-sized businesses are feeling the pinch from current economic conditions, with mood in the sector dipping in the third quarter of the year, a new study has found, according to Russian business news website RBC .
A business activity index, compiled by Promsvyazbank, the Russian small business association...
Kremlin is worried about reports of clashes between the military of China and India on the border in the Himalayas, but they believe that the two countries will be able to resolve the conflict themselves, said Kremlin spokesman Dmitry Peskov.
“We are watching with great attention what is happening on...
Тhe owner of Renova Group, Russian billionaire Viktor Vekselberg, intends to challenge the sanctions imposed on him and his companies by U.S. authorities, RBC reports.
“My stance is simple: the sanctions are unlawful and unfair and I’m going to challenge them,” Vekselberg told reporters when asked if he was negotiating with the...
The risk that Russia’s economy will fall into recession in the third quarter of this year is lower, according to a new macroeconomic forecast by the Plekhanov Russian University of Economics. Still, experts say that a significant slowdown in GDP growth is possible, Izvestia writes.
According to the forecast,...
Russian companies produced 243 tons of gold in the first nine months of this year, an increase of 3.4% compared to the January-September period last year, the Union of Gold Producers of Russia said on Tuesday, according to local news outlet Prima Media.
The union said the production of gold produced...
Russian low-cost air carrier Pobeda, part of state-run Aeroflot Group, is considering the prospect of a partial initial public offering (IPO) and may float up to 25 percent of its capital, Aeroflot’s general director Vitaliy Saveliev has said, according to RBC.
“At a board meeting earlier this year we discussed...
Hungary has estimated losses from the five years of EU sanctions on Russia at $8.5 billion, the country’s minister of foreign affairs Peter Szijjarto told a local TV station on Wednesday, according to TASS.
"Since imposed sanctions, a total of $8.5 billion were lost," Szijjarto said. "Russia was our...
Russian President Vladimir Putin and his Belarusian counterpart Alexander Lukashenko have agreed to set up a single market mechanism based on the same principles as the European Union (EU), The Moscow Times reported.
The news came after a top diplomat told Russian media that the two leaders signed off on...
Budget revenues from attracting convicts to paid work can amount to 15.2 billion rubles in 2021, 15.8 billion rubles in 2022, 15.9 billion rubles in 2023, and 2024 - 16.2 billion rubles, noted in the explanatory note to the draft federal budget for 2022-2024, Russian media reported.
Meanwhile, the head...
