The governor of the Bank of Russia, Elvira Nabiullina, said on Friday the regulator could cut interest rates in a bid to soften the economic damage of the coronavirus, Reuters reported.
According to Nabiulina, there had been a “sharp deterioration in the situation in the global economy” in recent weeks,...
The bad-asset bank Trust, which was designated to hold $27 billion of troubled assets from a record rescue package for three non-state banks in 2017, could become the institution to handle debt problems during the current pandemic and future crises, the bank’s CEO said this week, according to Finanz.ru.
The...
The Russia Services Purchasing Index (PMI) index crashed to a new all-time low of 37.1 in March as the double impact of the oil price collapse and the damage caused by the coronavirus (COVID-19) pandemic hit the services industry, IHS Markit said on Friday.
The manufacturing purchasing index in March...
The United States may have violated its own sanctions by purchasing ventilators and other protective gear to fight the coronavirus pandemic from a Russian company on the Washington sanctions list, The Times reported Friday.
Footage of the controversial cargo during unloading in New York showed boxes of ventilators made by...
Russian banker Oleg Tinkov, who is currently fighting an extradition request from the U.S. from the UK on allegations of underreporting his income, has announced he will resign from the board of directors of Tinkoff, the bank he founded, RIA Novosti reported.
Tinkov said he would leave the board of...
Russia’s major soccer clubs are losing around one billion rubles a week ($12.8 million) as the championship was stopped due to the coronavirus outbreak, RBC reports.
The Russian Premier League season has been suspended until at least 31 May, and the 16 clubs in Russia’s top soccer league could lose...
Russian President Vladimir Putin said on Thursday he was extending a national no-work order through the end of April, hoping to stop the spread of the COVID-19 virus, Vedomosti reports.
Russia reported a spike of 771 new coronavirus patients on Thursday, sharpening a dreaded upward curve in cases. The country...
The coronavirus crisis could cause Russia the worst recession in decades with millions of workers set to lose their jobs, analysts have warned, according to the Moscow Times.
President Vladimir Putin extended an unprecedented shutdown of the Russian economy on Thursday, ordering non-essential businesses to stay closed until the end...
State-run monopoly Russian Railways (RZD) has abandoned its infrastructure projects in Iran, the company said on Thursday, adding that the Iranian side has been notified, TASS reports.
Although it has not mentioned its motivation for the decision, Russian Railways expresses confidence that “the exit of RZD International LLC exit from...
As major international tobacco companies closed their factories in Russia in line with the government’s efforts to stop the spread of the coronavirus, the country may face a shortage of cigarettes in the market, Interfax writes.
Japan Tobacco International, Philip Morris International and British American Tobacco say that even a...
