One of Russia’s biggest food retailers, London-listed X5, is scouting for Israeli startups for investment and collaboration opportunities, the company’s director of business development said in an interview with CTech.
Russian billionaire Mikhail Fridman, who also holds Israeli citizenship, is one of the X5’s largest shareholders. Fridman is currently...
Russia's biggest lender, Sberbank, will soon offer its customers to do their banking with a side-order of Big Mac and fries after a cooperation deal agreed between the state-owned banking giant and U.S. burger chain McDonald’s, Interfax reported.
Under the agreement, signed at the St. Petersburg International Economic Forum,...
Russia’s most important business event – the St Petersburg International Economic Forum (SPIEF) concluded this weekend with participants signing 650 agreements worth $47.81 billion, according to Kremlin advisor Anton Kobyakov.
"This year a record number of agreements was concluded, 650 agreements totaling 3.1 trillion rubles - the ones...
Market conditions for issuing a sovereign Eurobond are currently favorable and Russia is considering the move, Finance Minister Anton Siluanov has said, according to Finanz.ru.
In March, Russia raised $3 billion in a new dollar-denominated Eurobond and 750 million euros ($850 million) in a top-up issue of an existing euro-denominated Eurobond.
“We would have...
The banking sector in Russia is stabilizing but remains at risk despite recent state bailouts of Russian banks totaling tens of billions of dollars, the World Bank has said, according to Reuters.
The Washington-based financial institution estimated in a scheduled report dated June 10 that state-owned banks now account for 62...
Ports that Russia plans to build along its Northern Sea Route are attractive for Dubai-based ports operator DP World, CEO Sultan Ahmed bin Sulayem has said, according to Gulf Business.
Russia hopes to build infrastructure and shorten shipping times between east and west with the new route, which is becoming...
The United States is hurting global trade and eroding stability for using pressure and sanctions to maintain its economic supremacy, Russian President Vladimir Putin has said on Friday, according to EADaily.
Speaking Friday at the St. Petersburg International Economic Forum (SPIEF), the Russian leader said Washington has turned the dollar...
The main owner of Russia's TCS group, Oleg Tinkov, told the CEO of Russian Internet giant Yandex on Friday that their companies together would be worth more than $20 billion and suggested that they integrate, Reuters reported.
"The question for Yandex is: are you with Tinkoff or Sberbank? I...
The acting governor of Russia’s Murmansk Region, Andrei Chibis, said in an interview with state-run news agency TASS that the country’s Arctic regions should be given the authority to offer tax benefits to investors.
"A region should keep authorities, an instrument to support and stimulate investments," he said. "We are...
Russia and Germany have signed a declaration on a bilateral initiative aimed at improving cooperation in the field of labor efficiency, according to TASS.
The document, called “Partnership for Efficiency,” was signed by Russia’s Economic Development minister Maksim Oreshkin and Germany’s minister for Economic Affairs and Energy Peter Altmaier at...
