Several Chinese business executives present at the ongoing “Russia Calling” investment forum have lobbied for the use of their country’s currency for payment and investment in Russia, Forbes writes.
The executive director of the Silk Road Fund, Yanzhi Wang, was the first to bring up the question of using the...
Russian President Vladimir Putin said at an investment forum in Moscow on Wednesday that Washington aims to deter the development of Russia and China, which according to the Russian leader is “a serious mistake,” Regnum reports.
“Balanced international economic relations is not their main goal, but their main strategic...
A new Center for conciliation procedures under was opened in Moscow on Tuesday by the Russian capital’s Business Rights Commissioner Tatyana Mineyeva, her press-service told TASS on Wednesday.
The Center has been launched to facilitate conciliation and mediation procedures with participation of independent negotiators, the statement reads. According to Mineyeva, many applications...
Russia's economic growth reached 2.2 percent in October compared to the same month last year, Russian Finance Minister Anton Siluanov said at an investment forum on Wednesday in Moscow, according to Reuters.
"We see that the dynamic of economic growth is accelerating. Over the past month ... 2.2 percent growth,"...
U.S. retailer TJX Companies Inc has acquired a 25% stake in Russian low-cost apparel chain Familia for $225 million, the Russian company said in a statement on Tuesday, according to Vedomosti.
As sanctions and falling global prices for oil, Russia’s most important export, dealt a blow to the ruble and consumer spending,...
The importance of OPEC’s cooperation with Russia and other partners and the fruitful relationship with Moscow is comparable to the work of the legendary Russian pianist and composer Pyotr Ilyich Tchaikovsky on his Symphony Number 6, the oil cartel said in a statement published on its website, according to...
The net profit of Russian air carrier Ural Airlines increased by 4.9 percent to 3.2 billion rubles ($50 million) in the first nine months of 2019 compared to the same period last year, Rusaviainsider.com reports.
The country’s fifth-largest carrier also reported a 7.9 percent yield growth to 67.2 billion rubles...
Russian holdings of U.S. debt increased by $748 million to around $10 billion in September, the U.S. Department of the Treasury said on Monday, according to Interfax.
In April 2018, against the backdrop of tough U.S. sanctions, Russian investments in U.S. Treasuries almost halved - from $96.1 billion to $48.7...
Russia’s state-controlled VTB Bank, which recently shook Russia’s grain export industry by swiftly expanding in commodities, will exit the sector in a few years, once it has built up the assets, the lender’s CEO Andrey Kostin told Reuters.
VTB took on the task of creating a “national grains champion” in...
Russian tech firm Mail.ru and state-owned bank Sberbank have agreed to set up a joint food and taxi platform and plan to invest 64.6 billion rubles ($1 billion) in the business, the companies said on Tuesday, according to RBC.
The deal should be finalized by the end of the year and will hand...
