The Russian government was forced to delay plans to cancel 20,000 Soviet-era laws and regulations, as officials cannot find the original documents and wording of the decrees in question, Vedomosti reported.
The Justice Ministry wrote to the government yesterday requesting an extension to an original Nov. 15 deadline for the...
The dollar-denominated Russia Trading System (RTS) index at the Moscow Exchange hit 1,471 on Thursday, its highest level in six years, while the ruble-denominated Moscow Exchange Index (MOEX) crossed above 3,000 for the first time ever, bneIntellinews reported.
Russia’s stock markets are not booming, but a savvy investor who invested...
The governor of the Bank of Russia, Elvira Nabiullina said on Thursday that the Russian financial sector is “more stable and more transparent than ever before,” The Moscow Times reports.
The regulator’s head told an Association of European Businesses (AEB) event that Russia’s banks are finally becoming an attractive option...
Bribe allegations against an executive of Russia’s state-run lender VTB Group executive may complicate the Russian state-owned bank’s attempts to recoup a $535 million loan that’s part of a major debt scandal in Mozambique, Bloomberg writes.
A New York court heard testimony last month that the VTB executive in charge...
The Russian Finance Ministry is planning to diversify the foreign currencies it holds in the National Wealth Fund, a part of Russia’s sovereign reserves, in 2020, a source at the ministry told Reuters on Thursday.
The source, who asked not to be named because of the sensitivity of the issue, said the...
Sports betting brand Bwin could soon disappear from Russia’s online gambling landscape, as its parent company, A&NN Investments, is looking to unload its license in the country, Bookmaker Ratings reported on Thursday.
The license is held by Digital Betting LLC, which operates online in Russia using the Bwin.ru domain through a joint venture...
The largest real estate and homebuilder company in Russia, PIK Group, could launch construction projects in Saudi Arabia next year, the head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev told reporters on Thursday, according to TASS.
"We are now actively supporting the activities of the PIK group. We...
The Cyprus government says it will revoke the "golden passports" bought by 26 rich foreign investors and family members from outside the EU, including nine Russians, BBC News reported.
Interior Minister Constantinos Petrides did not name the individuals involved.
Reports say they also include eight Cambodians and five Chinese. The EU...
Russia may not achieve its national goal of sustainable natural population growth, says a new report by the country’s Audit Chamber, according to Vedomosti.
The report cites latest data which shows that the population of Russia, as of September 1, stood at 146.7 million people. Since the beginning of the...
The European Commission (EC) has lowered its outlook for Russia's GDP growth in 2019 to 1% from 1.5%, the European Economic Forecast report - Autumn 2019 released on Thursday reveals, according to RT.
The EC has also adjusted its forecast for Russia’s GDP growth in 2020 to 1.4%, down from...
