Russian banks have asked the central bank to resume buying gold for its reserves with exports of the precious metal hobbled by the coronavirus outbreak, their lobby group said, according to Reuters.
The country is the world's third-largest gold producer after China and Australia but the almost global grounding of...
The Russian economy may lose 3% of its GDP, or 3.3 trillion rubles ($43 billion) by the end of the year due to the non-working month of April, experts told Izvestia.
Economists believe that the country will face a recession over several quarters, with the service, transport, tourism, construction, and...
Russia’s business ombudsman Boris Titov believes businesses are to be allowed to put employees on indefinite leaves to be paid monthly statutory minimum wages by the state in order to save jobs, SM News reports.
In a letter to President Vladimir Putin, the ombudsman has formulated this initiative and a...
The head of the Bank of Russia, Elvira Nabiullina, announced on Monday the recommendations that the regulator gives to commercial banks in relation to servicing loans during the prolonged non-working period due to the coronavirus crisis.
The recommendations include information about who will be granted loan repayment holidays and who...
The non-working period due to the coronavirus outbreak, which Russian authorities extended until the end of April, is hurting small businesses, while the government’s support measures are not enough, Reuters reports citing entrepreneurs.
Dmitry Volodin, the co-owner of several bars in Moscow, says he was left with no income because...
Russia’s supermarkets are not experiencing any disruptions in the food supply chain, and the sowing season is also advancing as planned despite the coronavirus pandemic, Russian Prime Minister Mikhail Mishustin said Monday at a video conference State Duma MPs, KP.ru reports.
The prime minister highlighted the results achieved by Russian...
Executives of the world’s soccer governing body FIFA, including disgraced former vice-president Jack Warner received millions in bribes to vote for the World Cups in Russia and Qatar, U.S. prosecutors have said, according to the New York Times.
For the first time in a criminal court, the United States Department...
An indicator measuring foot traffic in Moscow’s largest malls in real-time collapsed last week after Moscow Mayor Sergey Sobyanin put the Russian capital on strict lockdown, bne Intellinews reported.
2020 had got off to a good start, with the Watcom Shopping Index holding up and matching last year’s performance despite...
The General Director of Russia’s state nuclear energy corporation Rosatom, Alexey Likhachov, said last week that the company was working to give personnel involved in construction projects abroad the chance to return home, World Nuclear News reported.
"Everyone will be given the opportunity to return in the very next few...
The economic crisis, including the coronavirus pandemic, will continue to manifest itself in the future. To overcome it, coordination of anti-crisis measures on the part of many states will be needed, said a spokesman for the President of the Russian Federation Dmitry Peskov, as reported by TASS.
"We are aware...
