Canadian mining company Kinross Gold Corp. will buy a gold project in eastern Russia for $283 million from Cyprus-registered N-Mining Ltd, the company said, according to Kitco News.
The Toronto-based miner says the deal, which would add the third gold mine in Russia to its assets, includes payment of about...
The gross international reserves (GIR) of Russia reached over $530 billion as of June 29, the Bank of Russia has reported, according to bne Intellinews.
The figure is now well beyond the $500 billion informal target that the central bank had set itself as a comfortable reserve level. Reserves have...
For Russians in need of traveling more than 5.4 thousand kilometers a year, owning a private car is far more expensive than riding taxis regularly in Russia, Kommersant writes citing a report by London-based HSBC Bank.
The situation results from relatively high car prices and relatively cheap taxi fees, said...
Over half a million more Russians are living below the poverty line at the moment compared to early 2018, official data from the Federal Statistics Service (Rosstat) reveals, according to Lenta.ru.
Russia’s poverty rate reached 14.3%, or 20.9 million people, in January-March 2019, according to Rosstat. That’s up from 13.9%,...
Russia’s largest privately-owned oil refinery, Antipinsky, could receive government support after its owner was detained on fraud charges, the spokesman of Russia’s Deputy Prime Minister Dmitry Kozak has said, according to TASS.
The deputy PM instructed the government to consider ways of providing support to the refinery, Kozak’s spokesman Ilya...
Russia’s Analytical Credit Rating Agency (ACRA) has joined analysts around the world predicting a new global economic downturn which could hit Russia severely, Nezavisimaya Gazeta writes.
The agency’s analysts are predicting that the new crisis will begin at the end of this year. According to them, the Chinese-American trade war...
Three companies have expressed interest in buying the shares of Prominvestbank (PIB), a Ukrainian subsidiary of Russia’s VEB.RF bank, Finclub reports citing a disclosure published on the National Security and Stock Market Commission’s website.
"The companies that are interested in buying Prominvestbank are the Investitsionnoye Credit Institution controlled by Kyiv...
A 10 billion ruble ($157.26 million) bond issue was placed by Belarus on the Russian market on Tuesday with demand exceeding 45 billion roubles, according to the vice president of Russia’s Gazprombank, one of the placement’s organizers.
The country placed two issues of non-convertible interest-bearing series 3 and 4 bonds...
German company Gebr Heinemann has expanded its presence in Russia by acquiring Kapo Duty-Free, the country’s leading border-shop duty-free retailer, TRBusiness reported.
Kapo operates 12 border shops as well as three smaller regional airport stores in Russia. It has been a Gebr Heinemann wholesale customer for over 20 years, Heinemann...
The net profit of Russian non-state-owned pension funds in the first quarter of 2019 increased by 15.8% compared with the figure for the same period of 2018 and amounted to 81.7 billion rubles ($1.29 billion), TASS reported citing data published by the Bank of Russia.
The weighted average return on...
