The state’s already strong presence in the Russian economy could become even stronger, as Russian officials will have to turn to more state investment to reach President Vladimir Putin’s targets, economists told Reuters.
Despite three rate cuts this year by the Bank of Russia, as inflation edges down, Russia’s economy...
Russian state investigators miscalculated the value of the shares at the root of the fraud charges against U.S. businessman Michael Calvey, a financial expert analysis submitted in the Baring Vostok case reveals, sources told TASS news agency.
Calvey and several other Baring Vostok executives were detained in February on embezzlement...
Russian diamond giant Alrosa said on Tuesday it had agreed on a deal with the Russian government to buy troubled state-owned diamonds retailer Kristall, Kommersant reports.
The terms of the deal were outlined in a decree signed by Russian Prime Minister Dmitry Medvedev, and it is now pending...
The next meeting of Italy’s Naples Court of Appeal, considering the case of the manager of the Russian United Engine Corporation (UEC), will be held on Monday, one of the defendant’s lawyers told RIA Novosti.
Aleksander Korshunov was detained in Italy in late August on request by the United States,...
New bilateral deals between Russia and the United Kingdom could become possible after the UK’s withdrawal from the European Union, Russia’s trade representative in the UK Boris Abramov has said, according to Izvestia.
In an interview with the newspaper, he said that Brexit could also bring solutions to some problems...
Russian billionaire Oleg Deripaska has filed a lawsuit against three foreign media outlets with the Krasnodar Regional Commercial Court to protect his business reputation, TASS reported citing the court’s press service.
The U.S.-sanctioned businessman is suing American magazine The Nation and British newspapers The Telegraph and The Times, claiming that articles...
The governor of the Central Bank of Iran, Abdolnaser Hemmati, has said that his country and Russia will begin transferring payments using an alternative system to the internationally recognized SWIFT money transfer network, RIA Novosti reports.
SWIFT (Society for Worldwide Interbank Financial Telecommunication) facilitates cross-border payments between 11,000 financial institutions in more...
Russia’s national airline Aeroflot has proposed to develop Russia’s first-ever global Transnational Anticorruption Compliance Strategy, 360tv.ru reported.
Speaking at a conference hosted by the Prosecutor General’s office, dedicated to the role of organizations in сountering corruption, Aeroflot’s deputy CEO Vladimir Alexandrov put forward the initiative.
The Strategy will be implemented on a...
Chinese Prime Minister Li Keqiang arrived in St. Petersburg on Tuesday for a three-day official visit to Russia. Li and Russian Prime Minister Dmitry Medvedev will co-head the 24th regular meeting between Chinese and Russian heads of government, TASS reports.
2019 marks the 70th anniversary of the establishment of China-Russia...
Russia and Belarus may partially merge their economies starting from January 2021, Kommersant reported on Monday citing a leaked inter-government document.
"This degree of integration is higher than in the European Union. Basically the talk is about the creation of a confederate state at the level of economies in 2022,"...
