Lawmakers in the lower house of the Russian parliament have approved in the first reading, a bill introducing a zero VAT rate for flights not using Moscow airports, TASS news agency reported. To qualify for the tax deduction, the airlines’ departure, destination, as well as intermediate points in the...
Russia and the Netherlands have settled a multiyear dispute over the 2013 seizure of a Greenpeace ship during a protest at a Russian oil-drilling platform in the Arctic, the Moscow Times reports.
The settlement, announced on May 17, involves Moscow paying about 2.7 million euros ($3 million) in compensation for...
A Russian court has ordered private equity fund Baring Vostok to give up control of Vostochny Bank, in a case that has shocked investors and led to the jailing of the firm's American founder, Michael Calvey, RIA Novosti reports.
The ruling on Friday by the regional arbitration court in the...
Some 102 of the total 2,604 billionaires in the world are from Russia, the latest edition of the Wealth-X Billionaire Census reveals, according to Business Insider.
Despite volatile energy prices and geopolitical tensions, Russia saw an increase in wealth due to the economy's recovery and higher commodity output, the...
Rising taxes and the continuing decline in real incomes have led Russia’s consumer confidence index to a historic low of 62 points in the first quarter, RBC reports citing research by The Conference Board and Nielsen.
Only 25% of consumers expect their financial situation to improve in the future, while...
A group of Democratic lawmakers on Thursday demanded a formal review of a major Kentucky investment by Russia’s Rusal, a company previously controlled by Kremlin-linked billionaire Oleg Deripaska, the New York Times reports.
“Democratic lawmakers called on the Trump administration on Thursday to review an investment in Kentucky by a...
The lower house of the Russian parliament, the State Duma, has a package of laws on the third stage of capital amnesty, which contain amendments to Russia’s Tax Code and the Code of Administrative Offences, the country’s legal information agency RAPSI reported.
Capital amnesty implies legalization of Russians’ foreign assets. The...
Russian gas major Gazprom has retained its place as the top Russian company in this year’s Forbes Global 2000, an annual rating of the biggest companies of the world, TASS news agency reported.
This year 22 Russian companies found themselves in the list against 25 in the previous year’s...
Relations between Russia and the European Union could be improved by taking advantage of increasing Russian-Austrian cooperation, Izvestia writes, citing Russian and Austrian politicians.
According to them, the newly-found rapport between Moscow and Vienna is important not only for Europe’s economic development but also for efforts to strengthen global security...
Ukraine’s Prime Minister Vladimir Groisman said at a cabinet meeting on Wednesday that the country has imposed new economic sanctions against Russia banning supplies of certain groups of goods and introducing special duties, Unian reports.
"Those are tit-for-tat measures - embargo and special duties on Russian goods," he said, adding...
