Russia’s Prime Minister Mikhail Mishustin said Wednesday that the country has allocated almost $18 billion to battle the COVID-19 pandemic, TASS reports.
The finance ministry “has reserved 1.4 trillion rubles ($17.8 billion) in all for fighting the spread of the coronavirus and carrying out anti-crisis measures," Mishustin told President Vladimir...
Sheremetyevo International Airport JSC (SVO JSC), operator of Sheremetyevo International Airport, reported revenue of 39,239 million rubles in 2019, an increase of 24.76% compared to the same period in 2018, and net profits of 20,480 million rubles, an increase of 122.22%, the airport's press service said.
Revenue was up 14%...
The CEO of Russian microlending business Zaim Credit Systems, Siro Cicconi, has said that the company has yet to be really impacted by the coronavirus crisis, Proactive Investors reports.
Zaim’s customers are among the poorest section of the community, he explained, and are relatively unaffected by big macro events.
“Their needs...
As many as 90% of the restaurants, cafes, and bars in Moscow might not survive the ongoing city-wide lockdown forced onto the Russian capital by the coronavirus pandemic, an industry representative has warned, according to Vedomosti.
The Federation of Restaurateurs and Hoteliers (FRIO) said the industry is facing a “great...
A Russian senator representing the far eastern Magadan province has appealed to the government to add 12 smaller regional airlines to the list of Russia’s ‘systemically important’ companies in line for state support in times of economic downturn, Rusaviainsider.com reports.
Anatoly Shirokov, who is also the Russian government’s plenipotentiary for...
Russian fashion retailers are going to have to cope with tough times amid the coronavirus outbreak which has forced Russians into self-isolation, Kommersant writes.
Sales of clothing, shoes, and accessories are expected to plunge by 20-30% depending on how long the lockdown lasts. A surge in online trade will not...
Russia’s Prime Minister Mikhail Mishustin said at a meeting on economic issues on Tuesday that the government will begin collecting a new tax on gains from bank deposits worth more than 1 million rubles ($13,000), if the deposit percentage amount exceeds 60,000 rubles ($770), Kommersant reports.
The new tax was...
The largest distributor of natural gas in Poland, state-run Polskie Gornictwo Naftowe i Gazownictwo (PGNiG), has announced it won a years-long energy-supply price dispute with Russia’s Gazprom worth $1.5 billion at an international arbitration court in Sweden, AP reported.
The company said in a statement on March 30 that the...
Last week, on March 25, a regular meeting of the Board of Directors of Sheremetyevo International Airport JSC (SIA JSC) was held in correspondence form. At the meeting, among other issues, the financial statements of SIA JSC for 2019 were approved, prepared in accordance with Russian Accounting Standards (RAS).
According...
The Bank of Russia announced Monday that it will suspend gold purchases on the domestic market starting April 1st, Bloomberg reported citing Russian media.
"Further decisions on gold purchases will depend on how the situation develops," the central bank said.
The news had little to no impact on the price for...
