After years of consideration, Russia, one of the world’s top gold producers, is once again planning to abolish the value-added tax (VAT) on gold purchases, starting from 2020, Reuters reported.
A group of Russian lawmakers have submitted the draft bill to the Duma, the lower house of parliament, proposing canceling...
Washington is being “reckless” with new sanctions on Iran, official Moscow accused on Tuesday, adding that Russia stood in solidarity with Tehran, RBC reports.
“U.S. authorities should think hard about where this reckless course of action can lead,” the foreign ministry said in a statement.
“It is capable of not only...
Transportation of Ukrainian goods by road and by rail via Russia is allowed again after Russian President Vladimir Putin amended a corresponding decree, Ukrainian media outlet Evropeyskaya Pravda reported citing Russia's legal information portal.
However, Ukrainian trucks and railcars will be allowed through Russia only if they carry seals on...
Yandex.Taxi, Russia's biggest online taxi service, will likely sell new shares in its planned initial public offering (IPO), an executive at its majority shareholder Yandex told Reuters.
Greg Abovsky, chief operating officer and chief financial officer at Yandex, said Yandex had yet to decide on a stock exchange for the...
Moscow-based Alfa Bank says in a new analysis that Russia’s middle class has shrunk by nearly 20% since the start of the country’s economic crisis in 2014, The Bell reports.
Around a third of Russia’s population is currently middle class, down from 37 percent in 2014, according to the study. The...
Demand related to month-end tax payments coupled with upcoming auctions of Russia’s popular OFZ treasury bonds led the ruble to levels not seen since August last year, Reuters reported.
The Russian currency firmed 0.1% to 62.53 versus the U.S. dollar on Tuesday, the level last seen on Aug. 1, 2018,...
Russian investment in Africa has reached $20 billion in 2018, the country’s foreign minister Sergey Lavrov said during the 2019 Annual Meetings of the African Export-Import Bank (Afreximbank), according to Riafan.
The top diplomat said that Russia had made investments in such sectors as mining, energy and railway sectors and...
Russia sold dollar-denominated Eurobonds maturing in 2029 and 2035 and raised $2.5 billion last week, the finance ministry said, according to Prime news agency.
The sale of Eurobonds maturing in 2029 with a yield of 3.95% raised $1.5 billion while the 2035 Eurobond, with a yield of 4.3%, raised $1...
Spanish retailer DIA has missed a deadline last week to agree to a restructure of its towering debt but said on Monday its main shareholder, an investment fund owned by Russian tycoon Mikhail Fridman, will keep trying to reach a deal, Reuters reported.
The fresh money is required by the...
In a rare high-profile meeting at a time of strained relations between Moscow and the West, French Prime Minister Edouard Philippe on Monday hosted talks with his Russian counterpart Dmitry Medvedev, with the economy at the top of the agenda, Rossiyskaya Gazeta reported.
Philippe, who met Medvedev in Le Havre,...
