A little-known Russian aircraft parts company, Aviazapchast, is suing the political party led by French far-right politician Marine Le Pen to recover $10.8 million that was lent in 2014 to help fund election campaigns in France, Russian investigative website Open Media reported this week.
The first hearing in the case is...
Greater foreign client demand and a robust expansion in new orders have driven Russia's service sector to expansion for the seventh month running in January, Markit's Purchasing Managers' Index (PMI) showed on Wednesday.
The index's headline figure rose to 54.1 in January from 53.1 in December, above the 50 mark that...
Swedish furniture giant Ikea has been diversifying its business model in Russia, by finding a way to replicate part of the furniture shopping experience on the web—thanks to a preference for uniformity among Soviet city planners, Bloomberg Quint reports.
About 60% of Russians live in standard, Soviet-era apartment blocks, which have...
The first meeting of the Board of Directors of the Bank of Russia in 2020 will be held on Friday, converging with several atypical events in politics and economics at once, Vedomosti writes.
The onset of the coronavirus epidemic, the change of the Russian government and more spending on social...
After a five-year absence, Russia’s Gazprombank has announced it is returning to the country’s car loan market, Vedomosti reports.
After the crisis of 2014, the bank issued such loans individually. According to consultancy Frank RG, Gazprombank's car loan portfolio as of December 1, 2019 amounted to 496 million rubles ($7.9 million),...
Russia has asked Norway for talks to address what it called illegal restrictions of its activities on the Arctic Svalbard archipelago, Reuters reported.
Svalbard, about 850 kilometers north of mainland Norway, is regulated by a 1920 treaty that awarded the Scandinavian country sovereignty over the archipelago. But the treaty also...
The risk that Russia will face a shortage of surgical masks amid the ongoing coronavirus epidemic is raising alarm bells with officials, and in order to prevent this, the Ministry of Industry and Trade is considering the possibility of curbing the export of face masks, Kommersant reports citing sources...
Russia’s second-largest lender, VTB Bank, has launched an online car marketplace in partnership with dealership aggregator AutoILSA, RBC reported.
ILSA registers 871 official dealers in 71 Russian cities. Customers are able to book a car from ILSA and apply online for a loan, but still would still need to come...
The Prahova Chamber of Commerce and Industry (CCIPH) hosted the Romania-Russia Forum in Ploiesti last week, an event attended by the Russian Ambassador to Bucharest, Valeri Kuzmin, the business lobby association said in a statement.
The host of the Forum was the President of CCI Prahova, Aurelian Gogulescu. The meeting...
Russian state statistics data released on Monday shows that the pace of growth in the country’s economy slowed by almost half last year, RBC reported.
State statistics agency Rosstat said Russia’s GDP grew by 1.3% in 2019. That compares with an official expansion rate of 2.5% recorded in 2018 and...
