The founder and CEO of Russia’s biggest tech firm, Arkady Volozh, told reporters on the sidelines of the World Economic Forum Wednesday that he would sell a small stake in the company together with the family trust, Vedomosti reported.
"Certainly, this is public . However, not my stake but...
The first deputy CEO of Russia’s VTB Group told Interfax news agency on Thursday that they plan to attract one or more investors for the group’s grain business in February.
The state-controlled banking and financial services giant expanded dramatically in Russia’s grain export business last year, becoming the largest operator...
Russian business executives are hopeful that Moscow and Washington could reset relations this year, despite the continuing tensions brought on by the Trump impeachment trial and a dispute over Russia’s Nord Stream 2 gas pipeline to Europe, CNBC writes.
The sentiment stems from an apparent rapprochement between Russia and its immediate neighbors...
German agency Scope Ratings has upped its assessment of Russia’s government debt from BBB- to BBB, highlighting Russia’s increased security against economic shocks, Vestnik Kavkaza reported.
The agency cited low debt, increased tax revenues, high reserves and sound policy from the Bank of Russia managing the level of inflation as...
The head of the Russian Direct Investment Fund, Kirill Dmitriev, said on Wednesday the RDIF was likely to become one of the limited partners of private equity group Baring Vostok should the firm decide to raise new funds, Reuters reported.
Baring Vostok is a private equity group headed by U.S....
The CEO of Russia’s sovereign wealth fund, which is one of the investors in Chinese ride-hailing giant DiDi, has said that the company is looking to enter the Russian market, CNBC reports.
The Russian Direct Investment Fund (RDIF) is an investor in DiDi. RDIF’s CEO Kirill Dmitriev said on Wednesday...
Inflation in Russia is expected to continue declining in Russia early this year, the Bank of Russia said on Wednesday, according to RNS.
According to the Bank of Russia, inflation in the country totaled 3% in annual terms in December 2020.
"The Bank of Russia forecasts a continuation of annual inflation...
Russia-focused British investment trust JPMorgan Russian Securities on Monday upped its annual dividend and reported net asset value rise in the first 10 months of 2019, Morningstar reports.
In the year to October 31, the trust’s net assets rose by 19% year-on-year to $468.6 million. Net asset value per share...
Russian telecommunications company Rostelecom and state-run banking and financial group VTB are launching a big data platform and will offer it as a service to other organizations, Plusworld.ru reported.
The two companies signed an agreement in November, and the initial investment in the project was set at 1 billion ($15.7...
Shares of Russian metals company Nornickel (Norilsk Nickel) jumped 2.25 percent on Monday during trading on the Moscow Exchange, hitting an all-time high, BCS Express reports.
The value of the stock rose to 22,100 rubles ($359) per share on the back of the rallying palladium prices. The metal, which was...
