A court in Moscow ruled on Wednesday to release three suspects in the case of private equity firm Baring Vostok - Vagan Abgaryan, Ivan Zyuzin, and Maxim Vladimirov - from pre-trial detention and to place them under house arrest, RBC reported.
"The court hereby rules not to uphold the request...
The coronavirus outbreak in China may cause garlic shortages in Russia, according to experts from Rosselkhozbank’s Center for Industry Expertise, Fresh Plaza writes.
The new report says that because of the epidemic, Russian retail chains are starting to replace Chinese food products.
According to Vedomosti, the top 5 Russian imports from...
Russian president Vladimir Putin noted positive trends in Russia’s economic indicators and instructed the government to launch a new investment cycle, which will help the national economy grow above the global average, TASS reports.
"Our common main task is to make economic growth more solid, high-quality and sustainable, taking into...
Russia's sovereign wealth fund RDIF said on Wednesday that Russian and Saudi companies have held discussions on possible joint projects as well as potential investment worth more than $10 billion, Investing.com reported.
The discussions took place in Saudi Arabia as Russia and the Organization of the Petroleum Exporting Countries (OPEC)...
Russia’s Finance Ministry announced that it would purchase the central bank’s stake in Sberbank, Russia’s largest lender, RIA Novosti reports.
The ministry said it would buy the central bank’s 50%-plus-one-share stake in Sberbank for a "market price". That stake is worth about 2.8 trillion rubles ($44 billion).
Former Russian Prime Minister...
Oil climbed back above $50 a barrel as signs that Asia’s coronavirus may be easing spurred speculation that the worst of crude’s sell-off could have passed, Bloomberg reports.
U.S. futures climbed 1.4% in a second daily gain, having lost about 20% during the preceding month amid fears the disease would...
Indonesia’s deputy minister of state-owned enterprises (SOE) has said Jakarta wants to establish a national wealth fund similar to the Russian Direct Investment Fund (RDIF) to attract foreign investment to the country, RNS reports.
Indonesian President Joko Widodo earlier launched an initiative to establish a wealth fund during his visit to...
Prime Minister Mikhail Mishustin has been cleared of corruption charges after his former employer UFG Private Equity revealed he had made $35mn while working for the fund as a senior executive between 2008 and 2010.
Anti-corruption blogger and opposition activist Alexei Navalny investigated Mishustin following his appointment as prime minister in January...
The experts of Roskachestvo developed recommendations for purchases on foreign Internet sites, and also explained the difference in shopping at the largest market places - Amazon and AliExpress.
“AliExpress, like Amazon, is a market place, but there is a fundamental difference - the dispatch of goods from AliExpress does not...
