Russian President Vladimir Putin and his Belarusian counterpart Alexander Lukashenko have agreed to set up a single market mechanism based on the same principles as the European Union (EU), The Moscow Times reported.
The news came after a top diplomat told Russian media that the two leaders signed off on...
The level of obligatory payments for average Russian families (loans, utility, and tax payments) exceeded their income by 15% in 2014, which is considered a critical level, analysts at investment bank BCS Premier said in a report for Izvestia.
On the one hand, a rise in demand based on consumer...
Bringly, the cross-border shopping site created as a joint venture between Russian internet giant Yandex and the country’s largest lender Sberbank, has stopped taking orders, the Yandex.Market said on Tuesday, according to Reuters.
Тwo weeks ago, Yandex proposed Kremlin-endorsed changes to its governance structure that would reduce the company’s involvement...
Russia and Pakistan reached a deal on the settlement of mutual financial claims and commitments on operations from the time of the former Soviet Union, with Pakistan agreeing to repay the debt of $93.5 million to Russia, RBC reports.
The document was inked by Russia’s Deputy Finance Minister Sergei Storchak and...
A new government proposal has set the spending from Russia’s National Wealth Fund to support infrastructure projects and exports between 2020 and 2022 at $15.67 billion, Reuters reported on Monday.
The move comes as the country tries to boost its lagging economy burdened by western sanctions. The government believes state...
Russia sees both the positive and negative aspects of Great Britain’s exit from the European Union, Moscow’s ambassador to the UK Andrei Kelin told RIA Novosti.
According to the diplomat, Britain’s stay in the EU could benefit Russia in terms of greater predictability of relations and the already existing base...
Money transfer from Russia to Tajikistan could discontinue from Tuesday, aftermarket participants couldn’t reach a consensus despite negotiating all week, Kommersant reports.
From December 3, Tajikistan will switch to a new system, under which all settlements without opened accounts must be processed through the National Bank of Tajikistan, practically monopolizing...
Top Turkish defense company Otokar announced Thursday that it established a new subsidiary in Kazakhstan, Anadolu Agency reported.
The company said it eyes close contact with its current and prospective clients in Central Asia with the establishment of Otokar Central Asia Ltd. at the Astana International Financial Center in the...
Russian President Vladimir Putin plans to hold a traditional meeting with leaders of big Russian business, Kremlin Spokesman Dmitry Peskov told TASS on Saturday. "Yes, he is planning that," the Kremlin spokesman said when asked if the Russian leader had plans to hold such a meeting in late December.
Putin...
More than 50% of Russia’s corporate community believes doing business in the country is more complicated today than it was during the 1990s, a new survey by PwC Russia reveals, according to Forbes.
The survey on changes in Russian business in the past three decades found 52% of the executives...
