Moscow and Tehran are discussing conditions for providing Iran with a $5 billion loan, Nezavisimaya Gazeta wrote on Friday citing Iranian sources.
Russia pledges to use the money to build infrastructure facilities in Iran, including a railway and power plants. However, there are risks that Tehran will be unable to...
The 10th Russia-Azerbaijan Interregional Forum opened in Russia's capital Moscow on Friday, Menafn reports.
The forum, organized by the economic development ministries of Russia and Azerbaijan, serves as a discussion venue where officials, local administrators, and business representatives examine and seek to deepen bilateral cooperation.
Addressing the participants of the forum,...
Russian banks made a combined profit of 1.7 trillion rubles ($26.69 billion) in the first 10 months of the year, up nearly 42% from 1.2 trillion rubles ($18.83 billion) in January-October of 2018, the Bank of Russia said on Thursday, according to Kommersant.
The central bank expects Russian lenders to earn around...
The head of Russian state-run bank VTB, Andrei Kostin, says his initiative to exempt Russians with low incomes from personal income tax is gaining support, TASS reported.
Kostin was speaking on the sidelines of the Russia Calling! business forum, organized by VTB’s investment arm, VTB Capital, on Wednesday.
"So far, I’m trying...
Mechanisms to support the introduction of modern technologies by pharmaceutical and medical enterprises were approved by the Russian government on Thursday, RIA Novosti reports citing the press service of the Industry and Trade Ministry.
"The new rules provide for financing (mechanism for providing subsidies in advance) of manufacturers' costs on implementing...
Yandex.Taxi, a joint venture by Russia’s tech giant Yandex and U.S. ride-hailing company Uber, has chosen U.S. banks Morgan Stanley and Goldman Sachs along with Russian investment lender VTB Capital to prepare the company’s initial public offering (IPO), Reuters reports.
Last month, Bloomberg reported citing a source familiar with the situation that Yandex.Taxi is...
American oil services company McDermott International has secured a technology contract from Russia’s Baltic Chemical Company (BCC) and an extended basic engineering (EBE) contract from China National Chemical Engineering No. 7 Construction Company Limited (CC7), the American company said on Wednesday.
BCC, a subsidiary of RusGazDobycha subsidiary BCC owns an...
Russian gas company Gazprom has authorized the sale of 3.6% of its shares in its second public offering this year, according to a report by Reuters.
This is in order to complete the sale of its “quasi-treasury” shares, which do not have dividend payments on them.
Gazprom stated that it would...
Rosatom, Russia’s state-run nuclear energy corporation, plans to join the world’s top 15 maritime carriers, launching cargo delivery via the Northern Sea Route by 2020 and earmarking nearly $7 billion for this goal, Interfax reports.
According to a Rosatom presentation prepared for banks, the company plans to ship cargo from...
Food retailer Dixy will launch online grocery sales of its format Viktoria in the first half of 2020, the group’s CEO Igor Pletnev told Vedomosti on Wednesday without specifying which marketplace the sales will be hosted on.
The largest marketplaces in Russia’s burgeoning e-commerce sector include Wilderberries, Ozon, Beru of...
