Russian state and law enforcement structures are increasingly interfering in commercial disputes, nearly all Russian businessmen polled by RBC have said.
In the poll conducted in in late May-early June, more than 90% of interviewed businessmen have complained about the mounting state pressure which they say damages Russia’s business...
As the Kremlin struggles to attract foreign investors for its ambitious spending plans, the government may turn to Russia’s National Wealth Fund for local projects next year, Bloomberg writes.
The Finance Ministry has moved to ease the budget rule and it will review any investments that make use of...
The logo of British-based online gambling operator Bet365 has somehow ended up on hundreds of packages of cocaine seized by Russian authorities this week, CalvinAyre.com reports.
Russia’s Federal Customs Service (FCS) announced the seizure of 400 kilograms of cocaine at the port of St. Petersburg on Tuesday. The drugs...
Russian state-controlled lender Sberbank will buy 25% of PayZakat, an online platform that collects charity for Muslims in need, the bank announced on Tuesday, according to VC.ru.
Zakat is a form of alms-giving treated in Islam as a religious obligation or tax, which, by Quranic ranking, is next after prayer...
Hungarian gas reserves will receive an additional 2 billion cubic meters from Russia this year with another 2 bcm of Russian gas coming via Austria next year, the country’s foreign minister Peter Szijjarto has said, according to the Oil & Gas Journal.
Szijjarto gave the statement after signing agreements...
Moscow-based fintech start-up Factorin has launched a blockchain-powered supply chain and trade finance platform in cooperation with Dixy, the country’s third-largest food retailer, GTReview reports.
Following a successful 6-month pilot phase, Russian blockchain startup Factorin revealed on Tuesday that it is launching its system into Dixy’s production.
The new Ethereum-based...
Russia’s “national projects”, launched last year after President Vladimir Putin’s May Decree, intend to provide large-scale investments in human development and improving the well-being of the country’s citizens, Prime Minister Dmitry Medvedev said on Tuesday at the International Labor Conference in Geneva.
"Last year we launched 12 national projects, the...
Аbout 15 million Russian citizens are employed in the country’s shadow economy, Russian Deputy Prime Minister Tatyana Golikova has said, according to Komsomolskaya Pravda.
"According to the latest data, their number reached 15 million people," the newspaper cited her as saying.
In addition, Golikova commented on the forecast that the number...
Growing appetite for risk and higher oil prices boosted the ruble on Tuesday, leading the Russian currency to a two-week high against the U.S. dollar, Reuters reports.
After briefly touching 64.47, a level last seen on May 28, the ruble gained 0.4% to 64.53 versus the dollar.
Against the euro, the...
Russia is once again considering issuing yuan-denominated bonds to reduce its financial dependence on the U.S. dollar and strengthen relations with China, the South China Morning Post writes.
Russia had first considered the possibility of selling a yuan-denominated bond back in 2016 and will become the first country to sell...
