Mercedes-Benz RUS, the German carmaker’s dealer in Russia, gas recalled 922 GLE cars in the country due to problems with drainage hoses for air conditioning condensate, according to the Federal Agency for Technical Regulation and Metrology (Rosstandart).
Subject to the recall are vehicles sold in 2018-2019.
"The reason for the recall...
The 500 biggest companies in Russia further increased their domination of the country’s economy last year, according to the fifth annual rating list RBC 500 by news outlet RBC.
The combined revenues of the 500 companies on the list rose in 2018 to 85.5 trillion rubles ($1.3 trillion), up 18.2%...
The ongoing trade war between the United States and China benefits mainly developing Asian states, a study by the Asian Development Bank (ADB) reveals, according to Vedomosti.
The standoff between the world’s two largest economies is changing global supply routes, allowing Asian countries to increase supplies to the U.S. market,...
French ride-sharing company BlaBlaCar is aiming to expand into a new market segment with the acquisition of international bus ticketing platform Busfor, the business daily Kommersant reported, citing BlaBlaCar CEO Nicolas Bruisson and Busfor co-founder Ilya Yekushevsky.
A deal would mark an important step toward the consolidation and digitization of the...
Russia could be looking to invest up to $1 billion in Venezuela’s mining projects with a focus on gold and diamonds, RT reported citing state-run agency TASS.
Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro met in Moscow on Wednesday in what was Maduro’s fourth visit in the...
In a surprise attack on the International Monetary Fund (IMF), the CEO of Russia’s biggest lender Sberbank, Herman Gref, has said the organization should cease to exist, Interfax reported.
“I don’t have much to say about higher audit institutions, but as for international organizations like the IMF, they must...
Current growth statistics could paint a more negative picture on Russia's economy than the country’s performance and investment landscape deserves, according to the latest Outside the Box report by Novosibirsk-based finance group BCS Global Markets.
Russia's economic performance is in a strong position overall, despite current GDP figures, which -...
Russia must restore trust in its courts and police as a condition for the government fulfilling the Kremlin’s ambitious economic plans, economy minister Maxim Oreshkin told President Vladimir Putin on Wednesday, according to Reuters.
Following his landslide re-election in 2018, Putin outlined a set of ambitious political and economic goals...
X5 Retail Group, one of Russia’s leading food retailers, has expanded its logistics infrastructure in the Siberian Federal District with a Pyaterochka distribution centre (DC) in Novosibirsk, Tayga Info reported.
The 38,500 sqm Tolmachevo DC will be used by Pyaterochka stores in the Novosibirsk, Omsk, Tomsk and Kemerovo regions, Krasnoyarsk...
The Russian economy is still under risks from current Western sanctions and the threat of future measures, the senior director of Fitch Ratings Erich Arispe has said, according to Vedomosti.
Moreover, a decline in the GDP growth rate and foreign investment is already negatively affecting the country’s credit rating, the...
