U.S. Ambassador to Russia Jon Huntsman has decided to boycott SPIEF, Russia’s showcase economic forum in St. Petersburg in June in response to the house arrest of American investor Michael Calvey, a U.S. Embassy spokesperson has said, according to Lenta.
Calvey faces up to 10 years in prison if convicted...
Effects from a recent flurry of diplomacy between Moscow and Washington cannot be expected immediately but may yield results in the long run, the CEO of the U.S.-Russia Business Council Daniel Russell told pro-Kremlin news outlet Sputnik.
U.S. Secretary of State Mike Pompeo met with Russia's President Vladimir Putin and...
Russia's federal statistics agency Rosstat said on Thursday that industrial output grew 4.9% in April compared to the same month last year, news website Znak reported.
The figure is an increase after 1.2% growth year-on-year in March, latest official data shows.
The notable increase in industrial output comes as...
The escalation in tensions between U.S. and China caught emerging markets largely off-guard, rocking risk-related assets lower across the board, but the Russian ruble has proved resilient to the trends, says a new report by ExhangeRates.org.uk.
As it stands, the ruble is currently the best performing EM currency in 2019...
Russia sits at the bottom of the list of emerging markets in foreign direct investment (FDI), which accounted for only 0.2 percent of the country’s gross domestic product (GDP) from 2015 to 2018, RBC reported citing the U.S.-based Institute of International Finance (IIF).
The Institute’s figures exclude reinvested earnings to...
Confidence in the national economy is growing, and this is showed by the return of capital to Russia, President Vladimir Putin said at the Congress of the Federation of Independent Trade Unions of Russia (FNPR), according to Kommersant.
"As for the capital that is flowing away, it is really flowing...
OFZ treasury bonds traded near their highest levels since August 2018 on Wednesday ahead of their weekly auctions by the Russian Finance Ministry, Reuters reported.
At 0720 GMT, yields of 10-year benchmark OFZ bonds stood at 7.98%, near their lowest level since early August of 7.94% hit on Tuesday. Bonds...
Growth in Russia’s advertising market in the first quarter of this year slowed to 4% from 13% for the same quarter of 2018, Kommersant reports.
According to the business newspaper, which cited data from the Association of Communication Agencies of Russia (AKAR), Q1 advertising spending stood at 111 billion rubles...
Russia’s economic development minister Maksim Oreshkin has said his ministry maintains its GDP growth outlook for 2019 at 1.3%, RBC reports.
"So far yes," he said when asked whether the ministry considers the GDP growth outlook for this year of 1.3% still relevant.
"The data for the first quarter...
Unlike other Swiss lenders, which are abandoning Russia as the U.S. and European sanctions make life difficult for foreign companies, private multinational bank Julius Baer wants to expand its presence in the country, regional manager Yevgeny Smuschkovich told Finews in an interview.
The past years have seen an exodus of...
