Russia does not aim to nationalize its biggest internet company, Yandex, a lawmaker behind a draft law proposing to limit foreign ownership in ‘significant’ Russian technology firms has said, according to Reuters.
Anton Gorelkin, a member of the ruling United Russia party, proposed a draft law limiting foreign ownership in internet...
The CEO of U.S.-based online retailer Overstock issued a statement this week saying that he assisted efforts to investigate Russian interference in the 2016 election, after which the value of the company’s shares plunged more than 30 percent, Bloomberg reported.
The e-commerce company's stock has fell by 36 percent since Monday,...
Russian Defense Minister Sergei Shoigu and his Venezuelan counterpart Vladimir Padrino Lopez signed an agreement on visits of warships to the ports of both countries, a move seen by many as a way to strengthen military ties, Xinhua reported.
The document was signed at their meeting in Moscow, during which...
Russia’s state-run lender VTB became a co-owner of the newly-established Qatari financial institution CQUR Bank, which can be potentially used to implement joint Russian-Qatari projects, Kommersant reports.
However, experts interviewed by the business newspaper do not rule out that CQUR was created as a return investment for VTB in the...
Sergei Glazyev, a top economic adviser to President Vladimir Putin for the past seven years, is leaving the Kremlin to become a minister in the Eurasian Economic Commission (EEC), RBC reports.
During his time in office, Glazyev became known for challenging Russia’s tight-money policies. He will now work as minister...
American sanctions cannot cause a major crisis in Russia’s economy in the short term but will help it continue to stagnate for the foreseeable future, U.S. intelligence platform Stratfor says in its latest analysis.
According to the document, worldwide economic slowdown and the U.S.-China trade war, along with growing uncertainty...
Leading Russian food retailer X5 is gearing up to compete with online players to meet growing demand for convenience foods, the company’s Chief Executive Officer Igor Shekhterman told Reuters.
“We used to compare ourselves with offline players, but we now say that we work in the food market and our competitors...
A court in Moscow has ruled that French businessman Philippe Delpal, who spent six months in pre-trial detention pending trial on fraud charges in the Baring Vostok case, can be transferred to house arrest, Bloomberg reports.
The head of the equity fund, U.S. investor Michael Calvey, was at the same time denied...
Russian state-run bank VTB has completed its purchase of a 70% stake in local grain trader Mirogroup, expanding the lender’s diversification into the grain export business, the lender said on Thursday, according to Reuters.
The expansion of VTB, the country’s second-largest lender, in grain export infrastructure in recent months has...
Despite continued challenges in Russia, Carlsberg’s key market, the Danish brewer reported a 6.5% rise in half-year sales on Thursday, citing more expensive beer sold and improving operating margins, Reuters reported.
The brewer posted improved earnings but saw declining sales in its key Russian market due to tough competition and...
