Russia’s economy contracted in April by 12% year on year, data showed on Thursday, recording a sharp fall similar to the one last seen in May 2009, Reuters reported.
Russia’s economic health is in focus after a slump in the price of oil, its key export, and the coronavirus pandemic...
Russian diamond producer Alrosa expects its sales for May to total tens of million dollars, down sharply from May 2019 but up from April 2020, when its diamonds sales were worth $16 million, its chief executive told Reuters.
The new coronavirus outbreak has largely spared employees of Alrosa’s main production...
The United States’ decision to end sanctions waivers that had allowed some work to proceed at Iranian nuclear sites will only provoke Tehran into developing nuclear weapons, Interfax cited Russian Senator Vladimir Dzhabarov as saying on Thursday.
“The U.S. is pushing them and in the end they are provoking Iran...
Two-thirds of interviewed entrepreneurs negatively estimate the state of the Russian economy, according to a survey included in the annual report by Russia’s Presidential Commissioner for the protection of entrepreneurs’ rights Boris Titov to President Vladimir Putin, TASS reported.
The survey was conducted in February-March 2020 by the service of...
The situation in the Russian economy is in many respects better than in other countries with emerging markets, Ksenia Yudaeva, first deputy chairman of the Central Bank, said in the State Duma, the lower house of parliament, TASS reported.
"The policy that we carried out last year and in previous...
The International Monetary Fund said Thursday it has reached an agreement with authorities in Ukraine to allocate $5 billion to help the country cope with the economic fallout of the coronavirus outbreak, AP reported.
"This will ensure that Ukraine is well-poised to return to growth and resume broader reform efforts when the...
The year 2020 was supposed to be one of celebration for the Association of European Businesses (AEB), as the main lobbying organization for foreign companies and investors in Russia is turning 25, The Moscow Times writes.
Just three weeks into the job, new chief executive Tadzio Schilling has found himself...
Russian business ombudsman Boris Titov has received 123 requests from business persons, against whom criminal cases were opened in Russia, but who want to return home, says an attachment to his report to President Vladimir Putin, whose copy TASS has received.
Titov said he had received requests from "entrepreneurs earlier...
Russian regions will be provided with 100 bln rubles ($1.4 bln) in assistance allocated in order to compensate for the declining budget revenues, according to a decree signed by Prime Minister Mikhail Mishustin, TASS reported.
"The funds allocated in line with the Russian president’s instructions will be provided to 56...
The man who attacked an Alfa-Bank office in downtown Moscow admitted his guilt during questioning, according to a video released by the Russian Investigative Committee late on Saturday. "I admit my guilt," the man said.
However, he could not give a clear answer to the question why he took several...
