President Vladimir Putin has signed a decree giving Russian internet giant Yandex the green light to pursue planned changes to its governance structure, after concerning the management of Russian offshore companies, The Moscow Times reported.
Earlier this month, the Russian technology giant announced that it would be undertaking a company...
Russia’s MIR payment system, developed by the country in response to Western sanctions, is set to hit the European market, with a pilot project launched at the Russian-British business forum in London on Wednesday, Prime news agency reports.
Payment solutions provider PayXpert will become the exclusive acquirer of MIR cards...
As Russia and China look to strengthen their economic ties to make up for deteriorating relations with the United States, one of the top Russian banks, state-run VTB, is increasingly betting on the Chinese market for expansion, the South China Morning Post writes.
Riccardo Orcel, deputy chief executive and head...
Russia's state-run defense and technology giant Rostec expects an increase in the volume of Russian cars exports by the end of this year, the company’s Director for International Cooperation and Regional Policy Viktor Kladov said in an interview with TASS on Wednesday.
"I expect that," he said when asked whether...
The share of settlements in dollars for export of goods and services from Russia declined to 62.5% in the second quarter of 2019 from 68.1% in the same period last year, Kommersant reports citing a research note prepared by the HSE (Higher School of Economics) Centre of Development Institute.
At the same time,...
The Russian stock market still has room to climb further in the coming months after reaching record highs this year, a poll of market experts carried on by Reuters revealed on Wednesday.
According to the survey’s results, the market could pare gains towards the end of 2020.
The market has ridden the wave...
SEB AB, one of Sweden’s top three banks, was reportedly used for money laundering, with the flow of cash being traced back to a case surrounding the death of prominent Russian lawyer Sergey Magnitsky, state broadcaster SVT reports.
According to the report, the bank failed to prevent suspicious funds from...
Russian President Vladimir Putin said on Tuesday he met with shareholders in tech firm Yandex, Interfax news agency reports.
The meeting took place just days after the company approved changes to its corporate governance structure, a development which was interpreted by some analysts as Kremlin’s attempt to exert control over...
The Russian Direct Investment Fund (RDIF), the Russia-China Investment Fund (RCIF) and the investment fund of China's Guangdong province have agreed on key conditions for creating a joint Russian-Chinese Greater Bay Area Fund with a volume of $1 billion, the RDIF said on Tuesday, according to Xinhua.
"The RDIF, the...
In an effort to stay ahead of changes in Russia’s food retail market brought on by digitalization, the country’s top retailer X5 Group is increasingly turning to technology, bne Intellinews writes.
E-commerce is thriving in Russia and beginning to eat into traditional retail, carrying with itself a do or die...
