Russian diamond miner Alrosa sold 112 large rough diamonds with a total weight of 1,740 carats at an auction in Dubai, the company said in a press release, according to Investfunds.ru.
The overall sales revenue exceeded $7 million.
There were 84 participants from major diamond trading centers, such as UAE, India,...
The office of Russia’s business ombudsman Boris Titov is to continue legal and information support of Andrey Kakovkin, sentenced to 3 years in prison for fraud, the ombudsman says in a statement published on a social network on Friday, according to Bloknot.
Kakovkin, who managed Trading Company Grif, has been...
The Ivideon cloud-based video surveillance and video analytics service, which raised $8 million of investments from Rusnano Sistema SICAR and Skolkovo Ventures funds, launched Russia’s first cloud solution for face recognition Ivideon Faces, the press service of Rusnano Group said on Friday.
"Existing face recognition solutions from other vendors require...
The first Russian businessman who returned to Russia after appearing on the so-called “Тitov List”, has been sentenced to three years in a penal colony for fraud, The Moscow Times reports.
Andrey Kokovin, who returned to Russia from the U.K. last year, was found guilty of stealing 10 million rubles...
Almost 40 million Russians, or 54% of the country’s workforce, are paying off loans to banks, the highest figure since 2012, the Bank of Russia (CBR) has said, according to Komsomolskaya Pravda.
The head of the financial stability department of the CBR, Elizaveta Danilova, said speaking at the conference “Lending...
An ambitious spending program envisaged by Russian President Vladimir Putin as a push for higher GDP growth will do little to boost Russia’s sluggish economy, says a new study from consultants at Oxford Economics, according to RBC.
The study has found that the country’s $400 billion six-year National Projects program...
In a rare good news event for Russia’s local civil aircraft industry this year, Rostov-on-Don-based airline Azimuth Airlines said it has taken delivery of another Russian-made Sukhoi Superjet 100 (SSJ-100) aircraft, Rusaviainsider.com reports.
The latest SSJ-100 comes as part of a 12-year term operating lease for two of the type...
Russia is launching a national brand dubbed Russian Fish to promote seafood, the deputy head of the Federal Agency for Fisheries Pyotr Savchuk told TASS at the 24th China Fisheries & Seafood Expo in Qingdao on Thursday.
"Right now, we are working on creating a national brand called Russian Fish,"...
The third biggest supermarket chain in Russia, Lenta, has reported its first ever drop in revenue after sales declined by 0.4% y/y in 3Q19 to 100.4 billion rubles ($1.6 billion), bne Intellinews reports.
The entire traditional retail industry is going through a rough patch as shopping habits in Russia are...
The Russian to Despite certain progress already achieved in the improvement of Russia’s business, the government will continue its efforts in the area, Russian President Vladimir Putin said during his visit to Hungary, according to TASS.
Among practical achievements, Putin noted the improvement of Russia’s position in the World Bank’s...
