The head of Russia’s Accounts Chamber and former finance minister Alexey Kudrin doubts that Russia's GDP will be able to achieve the growth forecast by the government this year, Finanz.ru reports.
The Russian Economy Ministry predicts a growth rate of 1.3% for 2019.
"The growth rates of 1.3% remain in the...
A proposed long-term partnership between Russia’s biggest bank, Sberbank, and the country’s top tech firm, Yandex is on shaky ground only a year after the two companies tied the knot on the joint venture, news website The Bell reports.
According to the report, it looks like the e-commerce powerhouse, once...
Mood among Russian consumers brightened slightly in the second quarter of this year, but overall Russia’s consumers’ confidence remain very gloomy, bne Intellinews writes.
Russia’s consumer confidence index ticked up by 1 percentage point in the second quarter to -15%, Russia’s state statistics agency Rosstat reported this week.
The share of...
Belarus has almost completed talks on borrowing $600 million from China, an amount which would be used to repay debts to Russia, Belarusian Deputy Finance Minister Andrey Byalkavets said, according to BelTA news agency.
"We planned to get another loan from Russia, but we postponed the issue, since we have found...
Russian banking group VTB is fast becoming one of the most powerful forces in the country’s grains market since entering the grain export business last year, Bloomberg writes.
The state-run lender, run by Andrey Kostin, an ally of President Vladimir Putin, has loaded up on assets including port terminals, a...
A court in Moscow has prolonged the detention of French banker Philippe Delpal charged with fraud in the Baring Vostok case, until at least October 13, RT reports.
Delpal, a partner at the Russia-based private-equity group Baring Vostok, insisted in court on Tuesday that he has "no intention of fleeing...
Russia has filed a claim in the World Trade Organization (WTO) against U.S. dumping duties on hot-rolled flat-rolled carbon-quality steel, the WTO’s press service said on Tuesday, according to Reuters.
"The Russian Federation has requested WTO dispute consultations with the United States concerning the continued application of U.S. anti-dumping duties...
Iranian President Hassan Rouhani has tasked the country’s Ministry of Industry, Mine and Trade to start implementing the free trade zone agreement with the Eurasian Economic Union (EAEU), the president’s press service reported on Monday.
Iran’s parliament, the Majlis, ratified the document in June.
The Eurasian Economic Union and Iran signed...
The Russian Economy Ministry said on Monday that its latest prediction on the level of annual inflation in the country says it will slow to 4.5-4.6% in July, Reuters reported.
The assessment comes after official data on Monday showed inflation was running at 4.7% in June.
The slowdown in inflation from...
The Turkish government plans to push relations with Russia forward through strong political will and close dialogue between leaders, Turkey’s industry and technology minister said Monday, according to Anadolu Agency.
"Our goal is to reach the foreign trade volume levels of $33 billion that we achieved before and then...
