Russia's ruble slid to a one-week low on Wednesday as Prime Minister Dmitry Medvedev announced the government would resign to allow President Vladimir Putin to go through with a sweeping constitutional reform, Reuters reported.
The ruble’s value dropped after Medvedev, a longtime close ally of President Vladimir Putin, announced the...
Russian Prime Minister Dmitry Medvedev announced Wednesday his cabinet is resigning to give the country's President Vladimir Putin the ability to conduct proposed sweeping constitutional changes that would weaken his successor, BBC News reports.
The surprise announcement came after Putin, also unexpectedly, proposed constitutional amendments in his state of the...
Russian President Vladimir Putin said in his annual state of the nation address on Wednesday that Russia’s government should keep the tax regime for business unchanged for the next six years, RBC reported.
In the message to the Federal Assembly, the Russian President also said he introduced amendments to the...
Russian billionaire Alisher Usmanov has strengthened his ties with English Premier League football club Everton after paying around $39 million upfront to secure an exclusive option on naming rights for the club's proposed new stadium, The Guardian reports.
The 66-year-old businessman, who sold his shares in another English football club,...
Russia’s Business Rights Commissioner Boris Titov said in a statement Tuesday that Alexey Latypov is the thirteenth businessman who has returned to the country under the so-called ‘London List’, Interfax reported.
The London List is a conventional name for a register of ex-Russian entrepreneurs who fled the country while under...
Former oil tycoon Mikhail Khodorkovsky, who was once the richest man in Russia, was denied the right to a fair trial when he and his business partner Platon Lebedev were convicted for embezzlement and money laundering in December 2010, the European Court of Human Rights (ECHR) has ruled on...
The Association of European Businesses (AEB), an industry group advocating the interests of carmakers in Russia, said on Tuesday it expects new car sales in the country to fall 2.1% in 2020 year-on-year to 1.72 million vehicles, Reuters reported.
The segment recorded a 2.3% drop in 2019. The forecast puts...
Cryptocurrency futures exchange Kraken Futures, a trading platform for derivatives on digital assets, intends to grow its Russian presence with in-person visits and Russian-language social media groups, CoinDesk reported.
The regulated futures provider, acquired by San Francisco-based Kraken last year when it was called Crypto Facilities, brought on Russian expert...
Nearly five million square meters (sqm) of housing space was completed in Moscow in 2019, which is up by 40% year-on-year and represents the best result in 55 years, the Russian capital’s deputy mayor Marat Husnullin told Vedomosti.
According to analysts and official data, Moscow’s real estate sector is coming...
A court in Finland has rejected a discrimination lawsuit filed by Russian businessman Boris Rotenberg against Nordic banks which refused to do business with the U.S. sanctioned oligarch, Bloomberg Law reports.
Rotenberg, sanctioned by Washington over the Ukraine conflict due to his close ties with President Vladimir Putin, on Monday lost...
