Russian companies are becoming more attracted to sustainable financing as firms look to improve their environmental, social and governance policies, but whether the country’s notorious polluters can really go green remains a dilemma, Euromoney reports.
Russia is one of the world’s largest producers of hydrocarbons and has an unenviable reputation...
Visitors of Moscow's Art Residence got the opportunity literally to sit on wads of cash last week during the presentation of the "X10 Money Throne" artwork, RBC reported.
The piece, which comprises one million dollars in cash sandwiched between 7cm (2.8 inches) layers of bulletproof glass in the shape of...
Ukraine will keep in force the tariffs it imposed on Russian goods for another year, the country’s government has decided, according to MP Aleksey Goncharenko, Lenta.ru reports.
The levies on Russian imports will stay in place until the end of 2020, the lawmaker said, adding the move comes “in response...
Five top executives at the second-largest food retailer in Russia, Magnit, have left the company in an unexpected move, Vedomosti reported on Tuesday.
The company confirmed the report but denied Vedomosti’s information that Chief Financial Officer Elena Milinova would also depart. A Magnit spokeswoman told Reuters on Wednesday that Milinova...
In the latest of his viral videos alleging corruption in the highest levels of Russian politics, opposition leader and anti-corruption activist Alexei Navalny claims that the country’s Prime Minister, Dmitry Medvedev, has appropriated a commercial jet for his wife’s private use, Deutsche Welle in Russian reports.
Navalny has for years...
Beef supplies to Russia from five plants in Argentina and two plants in Paraguay will be temporarily banned starting from Dec. 18, Russia's agriculture safety watchdog Rosselkhoznadzor said on Wednesday, according to Reuters.
The agency also said it could widen these restrictions.
Rosselkhoznadzor said in a statement it found ractopamine, a...
Russian President Vladimir Putin will meet with representatives of German business in Sochi on December 6, Presidential spokesman Dmitry Peskov told reporters, according to RIA Novosti.
Peskov was responding to a request to confirm a previous statement by Executive Director of the German Eastern Business Association Michael Harms.
"I can confirm...
Large Russian businesses taking loans from the country’s biggest bank, Sberbank, will be offered a new loan scheme next year, under which the lender could gain decision-making powers in the companies, RBC reports.
Sberbank announced Tuesday it will introduce a new “golden share” corporate financing scheme, through which the bank will...
Employees of several American, Russian, and Italian companies were charged by U.S. prosecutors on Tuesday for providing a U.S.-manufactured power turbine to a Russian state-controlled business in an apparent attempt to evade sanctions, Reuters reported.
The U.S. Justice Department said on Tuesday that an unnamed Russian company was barred from acquiring...
Russia’s services sector declined slightly in November from a one-year high reached a month earlier but remained strong overall this year, supported by a rise in new orders, IHS Markit's purchasing managers index (PMI) showed on Wednesday.
The indicator fell to 55.6 in November, from 55.8 in October, but remained well above...
