Russia’s e-commerce market expanded by 26% in the first half of 2019 year-on-year to 725 billion rubles ($11 billion), Vedomosti reported on Monday citing a report by research agency Data Insight.
The number of online purchases reached 191 million in the reporting period, up by a record 44%, the business newspaper...
The trade turnover between Russia and the United States totaled $13.8 billion in the first six months of this year, Russian Ambassador to the U.S. Anatoly Antonov said in an interview with Izvestia published on Tuesday.
The envoy told the newspaper that despite sanctions, American businessmen are still interested in...
Despite the controversy surrounding the Russian-led International Investment Bank (IIB), the lender reportedly linked to the Kremlin's intelligence agencies is set to relocate to Budapest, completing its complex reformation, Al Jazeera reports.
Over the weekend, the Moscow-backed development bank announced it will hold its first board of governors meeting since moving...
Russia had been taken over by a “mafia”, oligarch-turned-dissident exile Mikhail Khodorkovsky said as he appeared in Venice for the launch of Alex Gibney’s Citizen K documentary, Politico reported.
The former oil tycoon now lives in exile in Britain and has become one of Putin’s most prominent critics.
“Today Russia is not just...
Russia’s defense industry enterprises is feeling the weight of its own debt, with about a third of the total owed being problematic and requiring restructuring, Yury Borisov, deputy prime minister responsible for the development of the sector, told Vedomosti.
In an interview with the newspaper, Borisov also talked about the...
Despite Washington’s sanctions policies and tensions between Russia and the U.S., top American companies intend to take part this week in the Eastern Economic Forum in Russia’s Vladivostok, Izvestia reports.
Around 20 U.S. companies, including IBM, MasterCard and McDonalds, have confirmed their participation in the event, the EEF’s press service...
The measures taken by the Ministry of Economic Development to bolster Russia's economic growth will not bring results overnight and may take some time, as the ongoing processes have "a lot of inertia", the country’s minister of economic development Maxim Oreshkin said in an interview with state-run news agency...
Aeroflot Group managed to keep its second-quarter operating profit flat at Rb20.5 billion ($309 million) under international accounting standards, Flight Global reported.
The company claims that the "first signs of stabilization" have emerged over the quarter, after some of the trends from the beginning of the year "shifted slightly".
Aeroflot Group...
India started paying for the state-of-the-art Russian S-400 air defense missile systems it ordered, as the United States failed to pressure the country into scrapping the major arms deal with Moscow, RT reports.
Russia has received an advanced payment for the weapon systems, the spokesperson for the FSVTS, the government...
The Council of Europe expects Russia to pay 54.7 million euro to the organization’s budget within the next few days, the council’s Spokesperson Daniel Holtgen told RIA Novosti on Friday.
"We understood from contacts with Russians that the payment will be made in the coming days," he said. He stressed...
