Russia’s biggest bank, Sberbank, plans to continue its partnership with the country’s top tech firm Yandex even though it has transferred its ‘golden share’ in the country’s leading internet company to another entity, the lender’s CEO German Gref told Reuters.
This month, Yandex approved changes to its corporate structure to...
Russian President Vladimir Putin has urged all parts of the government to make every effort to improve the economic conditions in the country and to raise the living standard of its citizens, RBC reported.
"The growth rates we have achieved are obviously insufficient for us," Putin said at the meeting...
Russian company Sibinveststroy and Urbaser, Spain’s leading municipal solid waste (MSW) management company, have agreed to jointly implement a project in the Kaliningrad Region to construct and operate facilities for MSW processing and placement, TASS reports.
The project will be funded by the Russian Direct Investment Fund (RDIF) and will cost...
Pulkovo Airport in Russia’s second-biggest city, St Petersburg, expects to start cooperating with low-cost airline Ryanair and other budget carriers in 2020, the Russian Transport Ministry said, according to Reuters.
The move is part of Russia’s plan to boost tourist flows to St Petersburg and will mean more competition for...
Discussions are underway in Russia over whether the country’s central bank should continue to hold a controlling stake in the largest lender Sberbank, finance minister Anton Siluanov told reporters on Tuesday, according to Reuters.
Last week, sources told the news agency that officials were in talks to transfer the central...
Charges against Michael Calvey in Russia were reclassified on Monday but the prominent U.S. investor and founder of equity firm Baring Vostok has once again pleaded not guilty, his attorney Dmitry Kletochkin told TASS.
"My defendant rejects all charges, regardless of their wording," he said, according to the state-run news agency.
The...
Russian Prime Minister Dmitry Medvedev has signed legislation renewing the government’s experiment with duty-free zones for another year and extending the project to three more regions, RIA Novosti reports.
"I have just signed a new decree, which does not merely extend the term of this pilot project by December 31,...
The unexpected downfall of Bringly, the cross-border e-commerce marketplace by Yandex and Sberbank, which stopped accepting orders earlier this month — just one year after its beta launch - shows how competitive the country’s online retail market has become, analysts told The Moscow Times.
Bringly had initially aimed to become...
The Bank of Russia’s gold bullion stockpile has continued to grow at a record pace this year, climbing to well over 2,600 tons, RT reports.
The country continues its push to steer its international reserves away from the dollar and buy gold instead, a trend recently embraced by many central...
2019 has been a very successful year in terms of Armenia's cooperation with Russia and other EEU member states in different areas, Eurasian Expert Club coordinator Aram Safaryan stated at the 6th annual meeting of the Eurasian Economic Club in Yerevan.
According to Safaryan, 2019 was a profitable and successful...
