Despite a boycott by the official U.S. delegation, major American companies will take part in Russia’s annual business forum in St Petersburg, the head of the American Chamber of Commerce (AmCham) in Russia has revealed.
“These are the companies whose representatives will participate in the Russia–USA Business Dialogue panel discussion....
The CEO of Rosneft, Russia’s biggest oil company, Igor Sechin, said on Tuesday the energy giant was discussing possible compensation from the government in the event that a global production cut deal is extended, Gazeta.ru reports.
As part of the deal reached late last year, the Organization of the Petroleum...
European countries need to diversify their sources of energy supplies so that their energy base is not tied up to Russia, U.S. Secretary of State Mike Pompeo has said, according to Izvestia.
“In America, we just hope that Europe will take seriously the need for a diversified, for a secure...
Azerbaijani state-owned company SOCAR and Russia’s biggest bank, Sberbank, have created a joint venture for oil refining at the Antipinsky Refinery, Kommersant reported.
It is expected that the joint venture, where SOCAR has 60 percent, will conduct processing works at the plant while it is in a state of bankruptcy,...
At a time when sanctions and economic woes push the topic of culture down the Kremlin’s agenda, wealthy individuals are filling a gap by bringing much-needed cash to a struggling art market and supporting young Russian artists, the Associated Press reports.
Аrt collector Roman Babichev visited an artist’s family...
Amid heightening tensions between Washington and Tehran, the U.S. Defense Department has warned that Iranian cooperation with Russia could destabilize the region, telling its Middle Eastern allies to be wary of this partnership.
Kathryn Wheelbarger, the acting U.S. assistant secretary of defense for international security affairs, said last week during...
Russia’s ruble-based MOEX Index hit a fresh record high of 2,662.15 in early trading on Thursday, before settling 0.7% higher than the end of the previous session at 2,659.6 points, Reuters reported.
The dollar-denominated RTS index was up 0.9% to 1,287.3 points.
The ruble eased slightly on Thursday but remained above...
U.S.-based global fast-food chain McDonald’s has opened at Russia’s second busiest airport, Moscow Domodedovo, according to the Moodie Davitt Report.
The franchised restaurant is managed by Rost LLC, a subsidiary of Rosinter Restaurants, a leading operator in the family restaurant segment in Russia.
McDonald’s is located on the second floor in...
Russia is creating its new Soyuz-5 carrier rocket to capture the market of commercial launches, and the new rocket’s price will be competitive with those of its U.S. rivals, the head of Russia’s space corporation Roscosmos Dmitry Rogozin said on Friday, according to Rossiyskaya Gazeta.
"We have some reserve potential...
Magnit, Russia's second-largest retailer, has started testing a delivery service from its stores in the southern city of Krasnodar, the company said on Thursday, according to RBC. Deliveries will be handled by local company Broniboy, the report said.
The company is currently testing delivery from five largest stores, with about...
