Russia’s richest man, Leonid Mikhelson, on Tuesday unveiled a new Moscow arts center - the GES-2, financed by his VAC foundation, AFP reported.
The venue is located in a century-old power-plant in central Moscow that is being redesigned with great pomp by Italian 'starchitect' Renzo Piano.
The enormous space is set...
The CEO of global cryptocurrency exchange Binance, Changpeng Zhao, used a recent event and his first visit to Russia to praise the country’s crypto market, Coin Desk reports.
Zhao said Russia is his company’s key market, as one of the most active environments in the global blockchain space.
When asked about...
A decision by the Ukrainian Parliament in September to allow electricity imports from the Russian Federation and Belarus for the first time since 2015 will mostly benefit Igor Sechin’s Inter RAO, energy expert Volodymyr Omelchenko writes in an opinion for Energy Voice.
Sechin, a known ally of Russian president Vladimir...
In a bid to expand more into digital economy, Russia’s biggest bank, Sberbank, is buying Gazprombank’s holding stake in internet company Mail.ru, Reuters reported on Tuesday.
Sberbank will buy a 35 percent stake in MF Technologies, which has ownership of 58.9 percent of voting rights for Mail.ru. Gazprombank is a financial group...
Russian Prime Minister Dmitry Medvedev has approved the creation of a casino gambling zone in the Zolotoy Bereg in Crimea, Interfax reports.
The zone will be located in coastal area in Yalta along the Black Sea. Zolotoy Bereg translates to “Golden Coast,” a phrase used in reference to several other...
A Moscow has denied bail to Michael Calvey and ruled to extend the house arrest of the U.S. investor and his partner, French citizen Philippe Delpal, until January 13, Echo Radio reported.
Calvey and several other executives and employees of the Russia-based private-equity group Baring Vostok were detained in Moscow...
Russia’s residential real estate market is recovering as the economy emerges from several years of crisis, with demand for housing surging especially in Moscow and other big cities, bne Intellinews writes.
Even though incomes have been stagnating for the past six years, interest rates are going down making new housing...
Russia’s eight largest brokerage companies have passed stress tests imposed by the Bank of Russia and proved their resilience to possible shocks, Fomag.ru reports citing Reuters.
However, the central bank said many smaller brokerages in the country’s financial market are struggling to survive.
“In general, all these players successfully resisted the...
Two prominent Russian opposition leaders and their foundation were ordered by a Moscow court to pay $1.4 million in compensation to a company associated with Yevgeny Prigozhin, a controversial businessman with ties to President Vladimir Putin.
According to business newspaper Kommersant, the court ruled on Monday in a defamation...
Leading Russian food retailer X5 Retail Group has launched its search for innovative solutions on the Chinese market, with a review of participating start-ups, International Supermarket News reports.
The scouting process is designed to provide technology solutions for key areas of retail digitalisation, including customer experience, in-store operations, supply chain,...
