Italy on Thursday arrested an executive with Russia’s state engine maker at the request of the U.S., which suspects him of economic espionage, BBC News in Russian reported.
57-year-old Alexander Korshunov, the head of business development at United Engine Corporation (UEC), a subsidiary of state tech conglomerate Rostec, was detained...
Russian billionaire Oleg Deripaska claimed that the Treasury Department failed to prove his ties to President Vladimir Putin and asked for sanctions against him to be lifted, Bloomberg reported.
The request to a U.S. federal judge comes after Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Deripaska last year over...
Russian President Vladimir Putin called for more Asian investment in the country’s Far East, AFP reports.
Speaking at the Eastern Economic Forum (EEF) on Thursday, Putin said the Far East has received more than 600 billion rubles (over $9 billion) in investments since 2015.
The still largely undeveloped energy-rich region has...
Sberbank is not interested in owning the Antipinsky oil refinery, which filed for bankruptcy earlier this year, the lender’s deputy board chairman Anatoly Popov said on Wednesday, according to Reuters.
The largest privately-owned oil refinery in Russia halted operations on several occasions because of a lack of funds to...
A business mission of export-oriented small and medium-sized enterprises from Russia’s Bryansk region was recently in Baku, the capital of Azerbaijan, to discuss supplying products to the Caucasus country, Azer News reported.
The meetings were attended by 33 small and medium-sized enterprises from nine regions of the Russian Federation, including from...
Russia’s finance ministry said on Wednesday it would cut down its purchases of foreign currencies to 8.9 billion rubles ($134.86 million) a day between Sept. 6 and Oct. 4, down from 11.2 billion rubles a day during its last run of purchases, Reuters reported.
FX purchases on the market will...
Russian companies are having their best year in the last three years and seem to put the recession years behind them as corporate profits continue to grow, bne Intellinews reports.
Profits remained strong and stable in June, increasing by 1,297 billion rubles ($19.4 billion) month-on-month, on a par with the...
Private oil and gas companies should be allowed to work on the Arctic shelf, Russia’s natural resources and environment minister said on Tuesday, according to RIA Novosti.
Speaking to reporters at the Eastern Economic Forum in Vladivostok, Dmitry Kobylkin said he supported “any decision linked to an increase in investment...
Indian Prime Minister Narendra Modi arrived in Russia’s Vladivostok on Wednesday for a two-day visit as the chief guest of the 5th Eastern Economic Forum, India Today reports.
Modi met Russian President Vladimir Putin on Wednesday morning for a tour of the Zvezda Shipyard, a major shipbuilding facility servicing both...
Moscow’s occupation of Ukrainian territory makes it unacceptable for Russia to be reintegrated into the elite G7 group, Poland’s president said on Monday, according to RIA Novosti.
President Andrzej Duda’s remarks came after U.S. President Donald Trump insisted last month that Russia, which was barred from the G7 in 2014...
