Russia is concerned over the tensions arising in the area of the Turkish-Syrian border under the control of Ankara, Russian Foreign Ministry Spokeswoman Maria Zakharova said in a commentary published on the ministry’s website on Thursday, TASS reported.
"We are concerned over the periodical spikes in tensions in the area...
A number of anti-crisis measures to support the Russian economy come into effect on May 1. The total amount of these measures is estimated at more than 2 trillion rubles ($26.9 bln). However, experts note that it will require more extensive action to prevent the recession, TASS reported.
So far,...
Sheremetyevo International Airport Joint Stock Company (SVO JSC) reported revenue of 82,088 million rubles for 2019, and increase of 41.6% over last year, and an operating profit of 27,083 million rubles, an increase of 38.8% over 2018.
The audited consolidated financial statements of SVO JSC and its subsidiaries (the Group)...
Russia’s second-largest bank VTB has sold half its Russian grain business, consolidated in Demetra Holding, to two Russian firms for an undisclosed sum, as it expands the business further, it said in a statement on Thursday, according to RBC.
The state-controlled bank became the largest operator of Russia’s grain export...
The sale of Russia’s top business newspaper Vedomosti has been postponed as the paper struggles to maintain independence under its new chief editor, the Open Media investigative website reported Wednesday.
Claims of censorship have swirled around Vedomosti since its sale was announced in March. In the span of a month, acting editor-in-chief Andrei Shmarov...
Russia’s Business Ombudsman Boris Titov said during an online conference on Wednesday he expects consumer demand in Russia to decline 10-15% in 2020 due to the coronavirus pandemic, TASS reports.
"We expect that countrywide real wages will fall. This applies primarily to the private sector, but also in the segment...
Russian state bank Vnesheconombank (VEB) last week announced the acquisition of 77.63% of the shares of the professional football club CSKA Moscow. According to a VEB statement, the operation was carried out by exchanging the debt that the club had with the bank for the share package, Sports Finding...
Moscow’s New Tretyakov Gallery was supposed to welcome a large-scale exhibition entitled ‘I am Andy Warhol’ on April 24, but it had to be rescheduled due to the coronavirus pandemic. Organizers will announce the new opening date soon, their press service said Thursday, according to TASS.
"The exhibition ‘I am Andy...
Sales of new cars in Russia could fall by 30% to 1.14 million units in 2020 amid the coronavirus pandemic and lower oil prices, according to a study by consulting company PwC.
The forecast was based on a "stressful" scenario, according to which the restoration and stabilization of oil prices...
