The Russian ruble firmed slightly on Monday, supported by month-end tax payments that usually prompt export-focused companies to convert their foreign currency revenues to meet local duties, Reuters reported.
The ruble gained 0.2pc to 63.77 against the U.S. dollar by 0747 GMT and also firmed 0.2pc to 70.31 versus the...
A new global plan to establish university labs around the world was presented this week by one of Russia’s most prominent private science-funding organizations, the Zimin Foundation, Science Business reports.
“We are envisioning an international network of institutes. In two years, we hope to have opened five new ones, spread...
Not a single project of independent gas producer Novatek was included in Russia’s federal budget for 2020, despite repeated instructions from the president and a government decree, Kommersant reports.
The company is in need of about 124 billion rubles ($1.94 billion) to create federal infrastructure for the Utrenniy Terminal and...
The Russian government plans to introduce strict rules over the spending funds of its national wealth fund (NWF) in a bid to maintain Russia’s mountain of reserves and avoid dishing out billions of dollars and stoking inflation, Vedomosti reported.
According to the business newspaper, a proposal approved by Prime Minister...
Bilateral trade between Russia and China increased by around 4.5% in the first eight months of 2019, reaching $70 billion, with exports to China almost entirely responsible for the surge in activity, Brink News writes.
Five years after Western sanctions came into force, changing Russia’s economy, the continued strength of Russia-China...
China has replaced anger with mercy in relation to blockchain and cryptocurrencies, analysts at the Carnegie Moscow Center said, having studied recent Chinese media publications and government statements, Nezavismaya Gazeta reported. Beijing may perceive the creation of its own cryptocurrency as a way to weaken the influence of the...
Japan's Foreign Minister Toshimitsu Motegi and his Russian counterpart, Sergey Lavrov, agreed to start joint economic projects in the islands of the Kuril archipelago in 2020, as a step towards the signing of a post-WW2 peace treaty, The Mainichi reported on Saturday.
The foreign ministers met this week in Nagoya,...
The privatization of Russian state-run shipping company Sovcomflot may take place in 2020 and the company is ready for that, Deputy Transport Minister Yury Tsvetkov told reporters on Friday, according to RIA Novosti.
"My answer is positive. Certainly, it may take place. Sovcomflot is always in the standby for privatization...
Russian equity fund Baring Vostok, which has been at the centre of a high-profile fraud case involving its founder, U.S. citizen Michael Calvey, has cancelled plans to launch a new investment fund, bne IntelliNews reports.
Baring Vostok told Russian news site The Bell on Friday it is scrapping plans to...
Russian Presidential Adviser Andrei Belousov has proposed a model for boosting the country’s economic growth, including plans for cheaper borrowing and improving the country’s business climate, Izvestia reports.
According to Belousov, the plans include making loans cheaper by reducing the Central Bank’s key rate to about five percent, along with...
