Russian online sports betting operator Liga Stavok has decided to close its international operation without disclosing a reason, KalvinAyre.com reports.
Payment processing problems could be part of the reasons for the unexpected move, the news outlet writes.
On Wednesday, LigaStavok.com posted a notice to its front page regarding the “closure of Liga Stavok...
Russian online appointment and automation platform YClients has secured $10 million in financing from Elbrus Capital and Guard Capital in exchange for a minority stake in the company, East-West Digital News reports.
Founded in 2015 by Yuri Petrov, Stanislav Petrik, Dmitry Shestakov and Anton Lutsevich, YClients claims more than 19,000 clients, essentially in...
Russian police and agents from the Federal Security Service searched the Moscow office of oil company Forteinvest, in what was said to be an investigation into smuggling oil from Russia to Ukraine, Izvestia reported on Wednesday.
Forteinvest is headed by Said Gutseriyev, son of tycoon Mikhail Gutseriyev. The company is a controlling shareholder...
Hungary has estimated losses from the five years of EU sanctions on Russia at $8.5 billion, the country’s minister of foreign affairs Peter Szijjarto told a local TV station on Wednesday, according to TASS.
"Since imposed sanctions, a total of $8.5 billion were lost," Szijjarto said. "Russia was our...
One of the world’s biggest diamond producers, Russia's Alrosa, has announced the launch of a blockchain program on one of China's largest social platforms, WeChat, to help Chinese retailers track the origin of diamonds, ComNews.ru reported.
The Russian company said the e-commerce solution will be developed together with tech company...
Companies registered in offshore tax havens account for over half of foreign direct investment in Russia, the highest proportion of all major economies, the International Monetary Fund (IMF) said in a report, according to The Moscow Times.
The paper, exploring investment trends in the world’s top 20 economies, estimates around...
American-Armenian businessman Mikayel Israyelyan has bought a majority stake in New York-based Russian-language television network Russian Television International (RTVI) from its Russian owner and plans to expand it in the United States, the channel said on Tuesday, according to Reuters.
The sale marks the first time the network, one of...
The U.S. Senate on Tuesday approved legislation to slap sanctions on companies building the massive Nord Stream 2 pipeline to bring Russian natural gas to Germany, but it was uncertain whether the measures would slow completion of the project, AFP reports.
The Senate easily passed the U.S. defense policy bill...
Russia is considering a slew of major commercial projects in Syria, and will spend $500 million on the modernization of the commercial port of Tartu, Deputy Prime Minister Yuri Borisov said after meeting with Syrian President Bashar Assad in Damascus, RBC reports.
The four-year modernization program envisages an overhaul of...
The largest bank in Russia, state-run Sberbank, has registered a subsidiary for international commodity financing and trading in the Swiss canton of Zug, the company said on Tuesday, according to Reuters.
Sber Trading Swiss AG plans to open the office and to begin trading in the first half of 2020,...
