Russian tech giant Yandex’s consolidated yearly revenues grew 37% in 2019 from a year earlier, reaching 175.4 billion rubles ($2.83 billion), the company reported this month, according to bne Intellinews.
However, the company’s adjusted net income increased by a more modest 6% to 23.5 billion rubles ($380.3 million).
These results are...
Pakistan has repaid Russia a $93.5 million debt pending since the collapse of the Soviet Union, which was a major hurdle in the trade ties between the two countries, RIA Novosti reported.
The trade dispute resolution will pave the way for billions of dollars in Russian investments in Pakistan, said...
Kazakhstan authorities plan to enter Russia’s bond market with state securities this year, the country’s First Deputy Prime Minister and Finance Minister Alikhan Smailov told reporters on Wednesday, according to Izvestia.
"This year we plan to enter the Russian bond market with at least $500 million," he said, adding that...
Saudi Arabia’s appointment of a Minister of Investment will help the Kingdom and Russia to meet their mutual investment goals, Kirill Dmitriev, the CEO of the Russian Direct Investment Fund (RDIF), has said, according to TASS.
On Tuesday, Saudi Arabia announced that former energy minister Khalid Al-Falih was appointed the...
Because of the Russian government’s failure to invest in the maintenance and development of the country’s long-haul railway network, Beijing is increasingly skeptical that Russia can be a land route to Europe, the Jamestown Foundation writes citing Russian media reports.
Since Moscow cannot boast a developed highway system and the needed...
As real disposable incomes in Russia begin to rise again, consumer demand recorded strong growth in January, bne Intellinews reports.
The Russian economy’s consumer segment showed solid improvement in January 2020: growth in retail sales accelerated to 2.7% y/y, volumes of residential housing rose 14.3% y/y and services to the...
Russian billionaire Vladimir Potanin, one of the country’s richest people, has introduced his long-awaited blockhain platforms, to be used by his business conglomerate, Forbes Russia reports.
The digital tokens will be used for buying metals, book air tickets and transfer ski passes from Potanin’s companies, which include palladium and nickel...
A Russian trade delegation from the city of Belgorod visited Dubai this week to hold talks on boosting ties in various sectors with Abdullah Al Muwaiji, Chairman of the Ajman Chamber of Commerce and Industry (ACCI), Gulf Today reported.
The Russian delegation was led by Vladimir Zubov, head of the...
Russia announced as the Convention & Culture Partner of the World’s Largest Travel Trade Show - ITB Berlin 2020, which is scheduled to take place 4 - 8 March, Breaking Travel News reports.
”We are delighted to have secured Russia as the Convention & Culture Partner of ITB. Russia has...
The U.S. special envoy for Venezuela warned Monday that more firms related to Russian oil giant Rosneft could be penalized by Washington if they “play games” with Venezuelan oil, Reuters reported.
Venezuelan state-run company PDVSA earlier shifted several oil cargoes from Rosneft Trading SA, which was hit by U.S. sanctions last week, to...
