The development of wholesale distribution centers (ORCs) in Russia will help solve problems with logistics and the delivery of goods to stores, RIA Novosti was told by the general director of the holding Rosagromarket, which implements the project to create an ORC network in the Russian Federation, Bogdan Grigoryev.
Trading...
UAE’s Etihad Airways on Friday added Russia along other routes to its list of suspended services, as the coronavirus continues to hit the global aviation industry hard, The National reports.
The Abu Dhabi-based airline said services from the UAE capital to several cities in India, Kazakhstan, Russia, the Maldives, and...
A number of Russian state agencies announced Thursday they would open "hotlines" to receive complaints from businessmen and to help them cope with the current difficulties and restrictions caused by the spread of coronavirus, Trans.ru reported.
Opora Rossii, an organization bringing together Russian small-and medium-sized enterprises, plans to unite its...
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has rejected further administrative reconsideration of its decision to impose sanctions against Russian businessman Oleg Deripaska, TASS reported citing an official court document.
According to the document, the U.S. Treasury is to provide Deripaska with an evidentiary memorandum for the denial...
Russian President Vladimir Putin has signed the law on the acquisition of 52.3% of ordinary shares in the country’s largest bank, Sberbank, by the government from the Bank of Russia, Reuters reported on Wednesday.
The document was posted on the official website of legal information on Wednesday.
The law prescribes that...
In less than two days, the Russian government has kicked its response to the coronavirus outbreak into overdrive, shutting down its borders, limiting air travel, closing schools, and launching a large economic stimulus as medical experts have begun to question Russia’s official coronavirus statistics and the true efficacy of...
More than 70% of Russia’s citizens, according to the World Bank’s system of estimation, belong to the middle class, and the task of the government is to strengthen their status and raise incomes, the Russian President told state-run news agency TASS in the latest episode of a long-running series...
The situation in the Russian economy is currently not developing in the best way, with a significant deviation from macroeconomic forecasts for 2020, Finance Minister Anton Siluanov said at a meeting of the board of the Federal Treasury, according to RNS.
"Unfortunately, the situation is not developing in the best...
The authorities of St. Petersburg did not receive any notification from Japanese carmaker Nissan about the carmaker’s intention to leave the Russian market, Alexei Yakovlev, deputy chairman of the city committee on industrial policy, innovation and trade, told TASS on Tuesday.
Nissan’s only plant in Russia is located in St....
