The value of ruble bonds invested in by Russian companies is set to double next year from $200 billion currently outstanding on the market, Reuters reports.
The move highlights how aggressive rate cuts by the central bank benefit the country’s companies, bankers and analysts told the news agency.
Russia’s central bank...
Russia is looking into prohibiting the use of cryptocurrencies to pay for purchases, with such proposals already being drawn up by the Bank of Russia and the Federal Financial Monitoring Service, Izvestia reported citing an inside source.
The central bank confirmed the information to the newspaper, saying that it opposed...
A business mission to Russia by a delegation from the Czech Republic led by Agriculture Minister Miroslav Toman was cut on Thursday after the party said it was refused permission to fly from Moscow to the city of Kazan to meet with local Tatarstan officials, Kommersant reports.
Officials said the...
Russia’s cheese-making industry has come since President Vladimir Putin banned Western food imports in 2014 in a tit-for-tat measure over the Ukraine crisis, AFP writes.
Many Russians had developed a taste for French and Italian cheeses prior to sanctions, and Moscow seized the opportunity to put in place an “import...
The Brest Office of the Belarusian Chamber of Commerce and Industry (BelCCI) will arrange visits of business delegations to Russia's Samara Oblast and Bryansk Oblast, Yelena Pivnik from the chamber’s foreign economy told BelTa news agency.
“We are hosting representatives of Samara Oblast companies who have come to offer their products...
A sanctions-hit Russian firm connected to German energy giant Siemens has started liquidation proceedings, Reuters reported citing a Russian companies database.
The company, part-owned by Siemens, was hit by U.S. punitive measures for its role in installing the German company’s turbines in Crimea. Interavtomatika notified authorities of its decision to cease operations on...
Western fashion retailers are losing interest in the Russian market, which opens room for rapidly growing young Russian brands, Kommersant reports.
According to the business newspaper, the number of stores operated by Russian fashion retailers in Moscow shopping malls has doubled in the last year.
Yevgenia Khakberdiyeva, Retail Property Manager at real...
The share of bootleg cigarettes sold in Russia has nearly doubled to 15.6% from 8.4% last year, a study carried out by analytical agency Nielsen and sponsored by major tobacco companies has revealed, according to Vedomosti.
In this year’s version of the document, Nielsen analyzed the situation not only in Russian...
The volume of trade between the UK and Russia may rise eight percent in 2019 compared to last year, to around $15 billion, the Russian Trade Representative to the UK announced at a business forum in London, according to TASS.
The growth of trade turnover between the two countries has...
Moscow has not yet decided who will represent Russia at the 2020 World Economic Forum in Davos (WEF), Kremlin Aide Yuri Ushakov said on Wednesday, according to RIA Novosti.
The WEF is an international organization for public-private cooperation, headquartered in Geneva. Annually, it hosts a meeting in the Swiss resort...
