Russia is planning the introduction of interested small and medium-sized enterprises to African markets, Foreign Minister Sergey Lavrov said on Tuesday, according to state-run news agency TASS.
Lavrov was speaking at his ministry’s business council meeting on the development of economic ties between Russia and African countries.
"We find it important...
Profit in the Russian banking sector in the first half of 2019 exceeded 1 trillion rubles ($15.88 billion), the Bank of Russia said on Wednesday, according to TASS.
"Net profit of the banking sector for the first half of 2019 amounted to 1,005 trillion rubles ($15.88 billion) against 634 billion...
The International Monetary Fund (IMF) on Wednesday said that Russian economic growth in 2019 could be slowed down by lower oil prices and higher taxes, Reuters reports.
The global monetary institution also said Moscow’s medium-term growth outlook would remain modest unless it tackled deeper structural reforms.
“Russia’s economy continues to show...
The teachers and other staff in a Moscow-based school for foreign children run by Western embassies were recently denied visas by the Russian Foreign Ministry, the New York Times reports.
American officials suggested the move was an effort to exert political pressure on the United States by curtailing schooling for...
The Russian Ministry of Economic Development has reiterated its estimate of annual inflation in the country this year below 4%, minister Maxim Oreshkin said on Monday, according to RIA Novosti.
"Our expectations remain below 4%. We see that inflation has slowed down very significantly, so the Central Bank makes decisions...
There are no signs of a bubble creating or overheating in Russia’s retail lending although growth in this segment carriers certain risks while being an economic growth driver, the deputy CEO of Russian state-run bank Vnesheconombank told TASS news agency.
"The Central Bank, to its credit, is actually toughening regulation...
The Russian government has approved a bill establishing additional permitted cases of resident currency transactions, the government wrote on its official website on Saturday, according to TASS.
It was noted that adopting the bill would eliminate the inconsistency of the norms of the Russian tax and currency legislation on the...
The Asian Infrastructure Investment Bank (AIIB) will begin offering local-currency financing in selected emerging markets including Russia, The Economic Times reports.
The program is set to begin this month, initially covering India, Indonesia, Thailand, Turkey, aside from Russia, the report said.
The local currency financing program will effectively shield borrowers from...
Russian lender Sovcombank is the country’s best bank for 2018 according to Euromoney, the business and finance magazine said on Friday.
Low-interest rates and returning consumer confidence created a fertile environment for Russia's retail lenders last year, Euromoney said. Sovcombank took full advantage of this trend, expanding its loan portfolio...
New U.S. sanctions against Russian government debt, if introduced, will bring damage to U.S. investors first, Alexis Rodzianko, head of the American Chamber of Commerce in Russia (AmCham), has told RIA Novosti.
This week, the U.S. House of Representatives adopted an amendment to the defense budget for 2020, proposed by...
