The question of 2.6 trillion rubles ($40 billion) worth of tax breaks for Arctic oil and gas extraction and infrastructure projects will be ultimately decided by Russia's President Vladimir Putin at a meeting with the Finance Ministry and other stakeholders in the next few weeks, Vedomosti wrote citing unnamed government officials.
In...
Russia’s most valuable digital company, Yandex, is turning to VTB as its bank of choice for investment projects after a major tie-up between the internet giant and retail banking major Sberbank to create an online marketplace fell to pieces, The Bell reports.
According to the report, Yandex is now considering getting...
The Russian Ministry of Labor and Social Protection will discuss an experiment to introduce a four-day workweek in enterprises included in the national productivity enhancement project, Izvestia reported Monday citing Peter Zaselsky, Deputy Minister of Economic Development.
It is noted that the list of companies includes enterprises in the field...
British multinational home improvement retailer Kingfisher is struggling to sell its Russian and Iberian arm of its business, the company’s chief executive Veronique Laury has said, according to The Financial Times.
The CEO says she is unlikely to seal the sale of the group's Iberian and Russian operations before stepping...
A senior representative of Russia’s top bank, Sberbank, has said his country is ready to expand the use of national currencies in settlements as well as boost cooperation in trade and investment with Chinese partners, Xinhua reports.
In an interview with the Chinese news agency, Anatoly Popov, Deputy Chairman of Sberbank's...
Sberbank CEO Herman Gref said at the Moscow Financial Forum on Friday that Russia may face a “commodity shock” associated with a fall in energy prices, and warned that the country is not ready for new crises, because all the time it is “preparing for yesterday," RIA Novosti reported.
“The...
Vnesheconombank, or VEB, Russia’s state-controlled development institute facing potential U.S. sanctions, has hired a well-positioned lobbyist in Washington - Trump insider and former Republican House member named John Sweeney, Politico reports.
With Congress mulling legislation to slap new sanctions on Russia for its attack on the 2016 American election,...
The co-owner of Russian roofing-supply company Technonicol, billionaire Igor Rybakov, has released his debut music album, Regnum news agency reports.
47-year-old Rybakov, who stepped back from the company four years ago to focus on managing his fortune and philanthropy, has dedicated his album to his wife Ekaterina. The five-track...
The Association of Banks of Russia is proposing to strip away the anonymity of investors in decentralized cryptocurrencies, in its new concept for circulating these assets, Kommersant reports.
Experts contacted by the business newspaper say the measure as premature and difficult to implement. To begin with, they propose dealing with...
In a deal not yet seen in the Russian aircraft maintenance, repair and overhaul (MRO) industry, Russian company VTS Jets has acquired the Moscow Vnukovo’s maintenance station from its Swiss founder and owner Jet Aviation, which in turn is owned by USA’s General Dynamics Corporation.
According to Rusaviainsider.com, no financial...
