Russia’s Finance Ministry on Wednesday sold a record volume of five-year OFZ treasury bonds worth 94.74 billion rubles ($1.46 billion), Reuters reports.
Demand for the bonds, which is seen as a gauge of global market sentiment toward Russian assets, totaled $2.84 billion, the ministry said.
The ruble reached two-week highs on Wednesday...
Finland’s Arctech Helsinki Shipyard, currently owned by Russia’s United Shipbuilding Corporation, is to get a new ownership and a new name, Kommersant reported.
The company had difficulties winning new orders for the shipyard, as it is under both U.S. and EU sanctions. According to the report, Cyprus-based Algador Holdings, owned by...
Japanese companies are setting politics aside to enter or expand in Russia, a country that is becoming a key European market, the Nikkei Asian Review writes.
For decades, Russia was perceived in Japan as a tough market, with talk about doing business here tending to run along political lines: joint...
U.S. President Donald Trump has said that he shares Vladimir Putin’s desire to improve trade ties between Russia and the U.S., after a lengthy phone conversation with his Russian counterpart earlier this month, Reuters reports.
“We intend to do a lot of trade with Russia,” Trump told reporters at the...
A sharp decline in foreign investment into Russia last year was partly caused by a change in a trend of capital returning to the country’s economy through offshores, the Bank of Russia said, according to Rosbalt.
FDIs hit a ten-year low in 2018, plunging to $8.8 billion. The net outflow...
Chinese e-commerce powerhouse Alibaba Group is overhauling the business model of its fast-growing e-commerce subsidiary, AliExpress, to enable a big new push into the international marketplace, China Daily reports.
The company is starting to allow vendors in an initial four countries overseas — Italy, Spain, Russia and Turkey — to...
The deteriorating investment climate which followed Russia’s 2014 annexation of Ukraine’s Crimea is causing losses of at least $30 billion every year, economist Sergei Guriev said in an interview with journalist Elizaveta Osetinskaya published Monday.
Russia’s 2014 annexation of the Black Sea peninsula from Ukraine has weakened Russia’s relations with...
The volume of trade between Russia and the United States reached around 6 billion dollars in the first quarter of the current year, a 25% year-on-year, new data from Russia’s Federal Customs Service reveals, according to Vestnik Kavkaza.
Russian exports to the U.S. saw an 18% increase from January through...
Moscow-based job board operator HeadHunter began trading shares Thursday on the U.S. Nasdaq Stock Market in an initial public offering (IPO) and rang the market’s opening bell, Kommersant reported.
The shares of Russia’s leading Russian online job search portal jumped by 24% in the first two trading days, bringing...
Russia’s Lukoil Group is one of the winners of the contest “2018 Russian Business Leaders: Dynamics and Responsibility” organized by the Russian Union of Industrialists and Entrepreneurs (RSPP), the company said in a press release.
The company was declared best for “Highest Quality of Sustainable Development Reports”, while its subsidiary...
