A criminal case was initiated against the owner of Moscow-based car dealership Rolf, Sergey Petrov and several managers of the company, who are accused by the Russian Investigative Committee of illegally transferring 4 billion rubles ($63.4 million) abroad, Vedomosti reports.
Petrov told the business newspaper that he feels that the...
In the next 12 months, top German companies working in Russia plan to invest at least $450 million into Russia, a survey by the Russian-German Chamber of Commerce (AHK) revealed on Thursday, according to TASS news agency.
Of the total 141 members of the business group, AHK said 44 German...
The Indian government is likely to pay for Russian arms in euros in order to bypass the threat of U.S. sanctions for purchase of military hardware, the Economic Times reported citing sources.
According to the report, the payments will be made to a Russia-nominated bank, with state-run lender VTB reportedly...
Russia is the most attractive major stock market in the world at the moment, as the combination of surging Russian share prices and a buoyant ruble is driving a rally and generating some of the best investment returns, the New York Times writes.
In dollar terms, Russian stocks are up...
Russia’s State Duma (lower house of parliament) approved the bill on amendments to the federal budget for 2019 and the planned period of 2020-2021 in the third and final reading on Thursday, the parliament’s news agency reports.
“We made a decision to increase the budget expenditures by 256.5 billion rubles...
Declining demand and sales in the car market have prompted the Russian government to continue its program supporting demand in the market from July 1, Kommersant reported on Wednesday.
The programs for preferential car loans (“First car” and “Family car”) for the passenger segment, as well as preferential car leasing...
A trend of “strategic nationalization” under President Vladimir Putin’s current term can only increase the share of the state in the Russian economy in the following years, analysts told Russia Matters.
Earlier this year, sanctioned tycoon Oleg Deripaska told the Financial Times that the Russian state holds 70 percent of the country’s...
U.S. sanctions against Russia are counterproductive and they have cost German companies billions of euros in lost business opportunities, an influential German business group said Wednesday, according to Deutsche Welle.
The German-Russian Chamber of Commerce (AHK) carried out a survey of more than 140 firms, which reported more than $1.25...
Russian online media holding Rambler is considering holding an initial public offering (IPO), RBC reported citing the head of the company Raphael Abramyan, who sees Rambler listed in two to three years.
In April, Russia's largest bank Sberbank acquired 46.5% in Rambler Group and said it would invest in the...
Despite barely emerging from their teens, the children of Russian tycoon Alexey Mordashov are quickly climbing the ranks of the world’s wealthiest, Bloomberg writes.
Last week, Russia’s fourth-richest man transferred some of his holdings in European tour operator TUI AG, worth $890 million, to his sons Kirill, 20, and Nikita,...
