Just ahead of its 20th anniversary, the Sukhoi Civil Aircraft Company (SCAC) has ceased to be a separate entity and has instead been downgraded to a division of Irkut Corporation, TASS reported last week.
Irkut’s new subsidiary – with a neutral brand name, “Regional Aircraft”– will now be responsible for SCAC’s...
The potential impact of the coronavirus epidemic on the Russian economy is difficult to evaluate, Bank of Finland’s Institute for Economies in Transition (BOFIT) said in a report, according to bne Intellinews.
“Current information suggests the overall economic impact will remain low. However, if the epidemic widens, it poses significant...
Commodity prices have proved to be resilient to investor fears over the coronavirus for the third week in a row, with gold and palladium prices surging, Economic Times wrote last week.
Despite a bout of weakness on Friday, gold, copper, oil and iron ore all rose solidly last week, with...
Russia’s sovereign wealth fund, the RDIF and Abu Dhabi’s investment firm Mubadala have successfully exited from their joint investment in a project to eliminate “digital inequality in Russia", ComNews.ru reported last week.
The project is being implemented in partnership with Russia’s Rostelecom since the end of 2014. RDIF and Mubadala...
The Russian Federal Security Service (FSB) and the Bank of Russia have agreed to ban cryptocurrency payments in Russia, and it remains possible that they will enact even stricter measures, Bitcoinist reports.
The move comes against a backdrop of an increasingly shaky Russian economy, which may explain the somewhat surprising...
Russian entrepreneur and creator of the Telegram messenger Pavel Durov liquidated two organizations related to the cryptocurrency and the Telegram messenger in the UK, RT reported citing an entry in the official register of companies in Great Britain Companies House, Radio Sputnik reports.
According to the channel, it is about...
The G20 countries intend to make efforts to mitigate the impact of coronavirus on the global economy, said Mohammed al-Jadaan, the Minister of Finance of the Kingdom of Saudi Arabia, during the G20 summit in Riyadh, the capital of Saudi Arabia.
"The G20 is ready to mitigate the impact of...
Russian police have arrested an American cancer-medicine inventor on suspicion of bribery, business daily Kommersant reported Friday.
According to the charges, Gene Miron Spektor gave 4 million rubles ($64,000) in the form of two-holiday packages to Thailand and the Dominican Republic to a former cabinet official’s assistant in 2015 and...
Turkey has yet to fulfill the conditions of the Syria-related agreements made over a year ago in Sochi, Dmitry Peskov, spokesman of the Russian Presidential cabinet said in an interview with Rossiya-1 TV channel.
"In this case, we can clearly say that the conditions of the Sochi accords that stated that...
The presidents of Russia and Belarus, Vladimir Putin and Alexander Lukashenko on Friday discussed their continuing oil price dispute that disrupted steady supplies of oil from Russia to its neighboring ex-Soviet state, BelTa news agency reported.
Russia stopped supplying oil to Belarus earlier this year amid disagreements over the price Belarus would...
