Russia accounted for 96.9% of all trade within the Eurasian Economic Union (EAEU) in 2018, with trade among the four smaller countries accounting for the remaining 3.1%, Eurasianet writes.
In comparison, the largest nation in the bloc in 2000 accounted for 98.6% of trade between the five countries that would...
The head of construction company Inteco Management, Elena Baturina, once again tops the list of Russia’s richest women according to Forbes, Novie Izvestia reports.
In 2019, her fortune is estimated at $1.2 billion, Forbes wrote. Baturina is the wife of former Moscow mayor Yuri Luzhkov, who was in charge of...
The Russian ruble ignored potential gains from government bond auctions and weakened on Wednesday, hurt by growing risk aversion amid a U.S.-China trade conflict and Britain's exit from the European Union, Reuters reported.
The demand offered little help to the ruble, however, before Friday's interest rate decision, when the central...
Russia has advanced to 28th place in this year’s World Bank’s Doing Business report, failing to achieve a goal set by President Vladimir Putin to enter the top 20 of the business environment rating, Reuters reports.
In the latest report, Russia inched up three more positions to the 28th place...
The chief executive officer of Russian state-run bank VTB, Andrei Kostin, said on Wednesday that the lender wants to sell a 10% stake in its VTB Africa, its Angola-based unit, Reuters reports.
If the deal goes through, it would see VTB’s stake decrease to 40%, Kostin said, adding that VTB...
Moscow has written off more than $20 billion in debt accumulated by African countries during the Soviet era, Russian President Vladimir Putin announced on Wednesday, according to RBC.
“It was not only an act of generosity, but also a manifestation of pragmatism, because many of the African states were not...
A representative of the Russian Association of Manufacturers of Specialized Machinery and Equipment, Rosspetsmash has said that Russia and Uzbekistan may expand cooperation in specialized engineering, Trend news agency reports.
"Factories from Russia are interested not only in increasing export supplies, but also in creating joint ventures in Uzbekistan," the...
Five years after the food embargo banning European finished dairy products, Russian companies are trucking in thousands of cows from the EU to state-of-the-art milking parlors built with German and Swedish engineering, Bloomberg writes.
President Vladimir Putin’s ambitious plan to transform Russia from a major milk importer to self sufficiency...
The Credit Suisse Research Institute said in its annual review published on Tuesday that Russia has world’s highest levels of wealth inequality, surpassing the United States and China, The Moscow Times reports.
The financial services company’s report says that despite the country’s modest average wealth, an estimated 83% of the wealth of...
American investors are continuing to pump billions into the Moscow stock market, despite sanctions against some of their most important companies and the constant barrage of anti-Russia rhetoric in U.S. headlines, Forbes writes.
According to the news outlet, over half of the foreign capital flowing into Russian stocks at the...
