Russia is suffering damages of 1 billion rubles ($15.68 million) every day as its trade with China keeps falling due to the novel coronavirus outbreak, Finance Minister Anton Siluanov has said in an interview with RBC.
"We have recently held a conversation with the Customs Service the losses due to...
Russia will fight to have a recent decision by the Hague Court of Appeal, obliging it to pay out over $50 billion to former Yukos shareholders, invalidated, Russian Foreign Ministry Spokeswoman Maria Zakharova said on Thursday, according to Rossiyskaya Gazeta.
"Russia repeatedly stated that the International Arbitration Court did not have...
Russia has added 6.22 tons of gold to its reserves in January, as the precious metal’s price came close to a 7-year high, Finanz.ru reported.
The country's total gold holdings amounted to 73.2 million troy ounces (2,276.8 tons) as of February 1, and are worth around $116 billion, according to...
For the first time in more than a decade, the owner of online retail store Wildberries, Tatyana Bakalchuk, has surpassed Yelena Baturina to reach the top spot among Russia’s wealthiest women, Forbes Russia reported Thursday.
44-year-old Bakalchuk, the founder and head of the private online clothing retailer, and Baturina, the wife of...
New tax benefits for investors in the Arctic will favor the implementation of nine major projects worth 15 trillion rubles ($235 billion), a government official has said, according to High North News.
The news was announced by Russia’s Deputy Minister for Development of the Far East and Arctic Alexander Krutikov,...
Russia’s telecommunications regulator Roskomnadzor has said it will mirror actions taken by its British counterpart Ofcom against the licence holder of the channel NTV-Mir Baltiya, TASS reports quoting the watchdog’s press service.
Earlier this week Ofcom fined the licence holder Baltic Media Alliance a UK-registered company, £20,000 ($26,000) for violating broadcast rules committed...
Russian billionaire Andrey Goncharenko said on Tuesday he had given up his shares in Avia Invest, the company that has run Chisinau International Airport under a concession since 2013, EADaily reported.
Goncharenko, who owns a Gazprom subsidiary, said that in light of official plans to create a new national company to run...
American sanctions imposed this week against Rosneft Trading, the brokerage arm of state-run oil giant Rosneft for selling Venezuelan oil, are illegal and will not affect relations between Moscow and Caracas, Kremlin spokesperson Dmitry Peskov told reporters, according to TASS.
"Such restrictions, which we consider illegal from the point of international law,...
Turkmen officials and businessmen from the Turkmen Union of Industrialists and Entrepreneurs met with the heads of some of the biggest St. Petersburg-based companies this week, Trend news agency reported.
The sides exchanged views on the prospects for cooperation, including the participation of St. Petersburg’s enterprises in joint implementation of...
Chinese diplomats were dumbstruck after Russia barred entry to Chinese citizens as a coronavirus prevention measure, business daily Kommersant reported Wednesday.
Russia announced the temporary entry ban for Chinese tourists, workers, students and private travelers starting Thursday. The suspension does not affect non-Chinese nationals traveling from China, and Chinese transit passengers will be allowed to...
