A prominent Moldovan businessman and ex-leader of Moldova’s ruling-turned-opposition Democratic Party, Vladimir Plahotniuc, has been charged in absentia of setting up and participating in a criminal group, Interfax reports.
Judge Anatoly Belyakov of the Tverskoy court in Russia’s capital on Monday ruled to "satisfy the investigator’s motion and place Plahotniuc...
Indian paints producer Berger is interested in expanding into Russia with acquisitions as it eyes profitability in operations in the country, the Times of India reported.
Berger already operates in Russia through a step-down subsidiary which has an impairment loss to the tune of over $4 million reported in Q4 of FY19....
A technical recession in Russia is possible as early as this year due to the government’s hardline fiscal and monetary policy, says a research note released on Monday by the Stolypin Growth Economic Institute, according to Izvestia.
"Considering the current economic policy (tight fiscal policy and stringent monetary policy) and...
A harsh government crackdown against a Moscow rally over the weekend, which resulted in over 1,500 people detained, has drawn the world’s attention to Russia’s economic problems, along with the authoritarian style of rule of President Vladimir Putin, experts told Vedomosti.
According to economist Vladislav Inozemtsev, the founder and director...
The services sector in Russia recovered in July, amid a rise in output and new business, survey data from IHS Markit showed on Monday, according to Business Insider.
The services purchasing managers' index, or PMI, rose 50.4 in July from 49.7 in June. Readings above 50 indicate expansion in the...
Sberbank, Russia’s biggest bank, has opened a branch of its Cypriot business in the heart of London in order to avoid the fallout of a potential no-deal Brexit, bne IntelliNews reported.
Sberbank, the Kremlin’s bedrock lender with about 46% of the nation’s deposits, quietly opened a London branch of its...
The ruble proved resilient to other emerging-market assets collapsing on Monday, after the latest round of U.S. sanctions proved less severe than investors feared, Bloomberg reports.
While developing-nation assets tumbled on Monday as the U.S.-China trade war escalated, the ruble climbed for the first time in seven sessions and bonds...
New U.S. sanctions imposed on Russia are damaging to bilateral ties between Moscow and Washington but cannot hurt Russia’s financial system as it is resilient to external pressures, Finance Minister Anton Siluanov said on Saturday, according to RIA Novosti.
On Friday, the White House said that U.S. President Donald Trump has...
The United States formally withdrew from the Intermediate-Range Nuclear Forces Treaty with Russia Friday, as the U.S. military prepares to test a new non-nuclear mobile-launched cruise missile developed specifically to challenge Moscow in Europe, according to a senior defense official, CNN reported.
Washington’s withdrawal puts an end to a landmark...
Danish banking giant Danske has announced its plans to quit Russia by January next year after the lender was rocked by allegations its Estonian branch was involved in a mind-boggling $230 billion money laundering scandal, bneIntelliNews reported.
Danske’s Country Manager for Russia EdvinKornelius said in a memo to his contacts...
