Many cafes, restaurants, and shops in the capital were unable to adapt to the new working conditions during the pandemic, Russian media reported.
For these establishments, revenues fell 1.5-2 times, and expenses for meeting sanitary requirements increased, according to the Colliers consulting company.
As a result, the share of vacant commercial...
The US Department of Commerce has completed the solicitation of opinions from market participants on the consistency of Russia's economy and market position.
The reason for this is the appeal of U.S. fertilizer manufacturers (CF Industries Nitrogen, Terra Nitrogen, Terra International), who provided the agency with "sufficient tariffs based...
Russians will be written off debts worth 1.6 billion rubles as part of the mechanism of extrajudicial bankruptcy, Deputy Minister of Economic Development Ilya Torosov said.
According to Torosov, in the first year of the implementation of the simplified bankruptcy procedure, 12 thousand applications were received from Russians, of which...
According to court papers posted to the website of a United States District Court for the Northern District of California, Russian billionaire Oleg Tinkov has struck a settlement with the U.S. Justice Department over his tax fraud case, TASS reports.
As per the paper, the parties filed a joint motion with...
France's and Russia's agriculture ministries have struck an agreement on how to handle the champagne dispute, according to French Agriculture and Food Minister Julien Denormandie, RIA reported.
From September 15th, the Interprofessional Committee for Champagne has decided to restart the supply of champagne to Russia. According to Agence France-Presse, co-chairman of the...
According to a source in the European Parliament, a group of approximately 40 deputies sent a letter to the European Commission on Friday, requesting it to investigate Gazprom's conduct, which reportedly drove gas prices up to a record high in Europe, from the standpoint of EU antimonopoly standards.
The EC...
Employees at Russian online shop Wildberries have gone on strike, protesting a pay cut at the business owned by the country's wealthiest woman, Tatyana Bakalchuk, Moscow Times writes.
Employees declared the commencement of work-to-rule action across the group's network across various areas in a petition released on Wednesday, indicating they...
The reasons for the high inflation in the Eurozone are both the effect of the low comparison base and the recovery in domestic demand and the economy after the pandemic, Russian media write.
Some representatives of the European Central Bank consider the rise in inflation to be a temporary factor,...
Deputy Finance of the Russian Federation Alexei Moiseev said that there are several areas in Russia where regulation is excessive, with digital currencies in the first place.
The deputy head of the department noted that digital rubles are electronic cash and that they should be treated like money that is...
In July 2021, Russia held $4.006 billion in Treasury bonds of the US Treasury, including long-term government securities - $305 million, and short-term - $ 3.701 billion, according to the US Treasury.
Russian investments in UST fell in April 2018 from $96.1 billion to $48.7 billion amid tough anti-Russian sanctions....
