Russia has lifted sanctions on Eritrea, which have been in place for almost ten years, after president Vladimir Putin signed an officially published decree, Lenta reports.
"In view of the UN Security Council adopting the Resolution 2444 on November 14, 2018, which stipulates lifting measures imposed against Eritrea, I declare...
Russia's Ministry of Economic Development has again warned that the growing consumer crediting segment is creating an unsecured credit bubble which could burst as soon as 2021, Vedomosti reports.
The ministry, has previously criticized the Bank of Russia for not doing enough to curb consumer lending growth, is now proposing...
The Russian government has instructed several ministries, including the Ministry of Industry and Trade and the Ministry of Economic Development, as well as the Federal Anti-Monopoly Service to ease a direct ban on participation of foreigners in state procurement, Vedomosti reports citing federal officials.
According to the business newspaper’s sources,...
The activities of Russian oligarchs based in Britain are back in the focus of U.S. Senators investigating Russian interference in the 2016 presidential election, the Telegraph reports.
In particular, interviewing alleged associates of Russian Oligarch Oleg Deripaska, who is known to have close ties with Russian President Vladimir Putin, is...
In a bid to boost the ruble’s global role and help offset the impact of Western sanctions, Russia is looking to establish an offshore ruble market, deputy finance minister Alexei Moiseev told Reuters last week.
The process, which Moiseev said was supported by the central bank, includes plans by the...
Great Britain’s exit from the European Union will have almost no impact on the Russian economy, the Minister of Economic Development Maxim Oreshkin said on Sunday, according to TASS.
"I don’t think this topic is worth serious discussion because it will be minimal in terms of its impacts on the...
Russia’s state railway company appointed the former chancellor of Austria to its management board this week, continuing a trend of retired European politicians landing lucrative posts in Russia, Radio Liberty reports.
Christian Kern, 53, headed Austria’s national railway system before serving as chancellor of the central European nation from...
Russia’s leading malls recorded more foot traffic over the first half of this year, suggesting an end to a continuous contraction that has marred retail for the last five years, the latest Watcom Shopping Index reveals, according to Intellinews.
“During the first half of the year the Shopping Index in...
The global capital market provides a higher assessment of Russia's credit rating that rating agencies do, Russia’s minister of economic development Minister Maxim Oreshkin said on Saturday, according to state-run news agency TASS.
Earlier in the day, Standard & Poor's (S&P) said it upheld Russia's rating at BBB- with a...
An ongoing gold-buying spree by central banks which started in the past decade will probably continue for a while, a survey of central banks conducted by the World Gold Council and market research firm YouGov reveals, according to Bloomberg.
54% of the survey’s respondents expect global holdings to increase in...
