Poland overtook Russia as the top export destination for Ukrainian goods in the first quarter, latest data available from statistics agency Ukrstat shows, according to inPoland.
Despite being in a political conflict since Moscow’s annexation of Crimea in 2014, Russia has been Ukraine’s main trade partner as the two economies...
Russia’s President Vladimir Putin has turned himself into the world’s richest person during his presidency, economist and Russia expert Anders Aslund claims in a new book, according to the Inquisitr.
In the book, “Russia’s Crony Capitalism: The Path from Market Economy to Kleptocracy,” Aslund estimates that through the practice...
Russian Prime Minister Dmitry Medvedev has held a telephone conversation with his French counterpart Edouard Philippe, the Russian cabinet’s press service said in a statement on Friday, according to Newstes.ru.
The parties "discussed pressing issues concerning Russian-French interaction, including trade, economic and investment cooperation," the statement reads. Medvedev and Philippe...
After having received support from government bond auctions earlier this week, the Russian ruble opened slightly lower against the U.S. dollar on Friday in thin holiday trade, Reuters reported.
The Russian currency was down 0.1% against the dollar at 65.16 and had lost 0.4% to trade at 73.16 versus...
Thousands of North Korean workers are awaiting on a decision from the Russian government which could end their stay in Russia’s Far East and deprive their families of much-needed earnings, Asia Times writes.
On Russia’s frozen Pacific coast, thousands of workers from the communist country are employed in the...
Russia’s State Duma passed a law this week which permits Russian exporters and Russian subsidiaries of foreign companies that provide services to foreign clients to deduct the full amount of value added tax (VAT) for these services, Realnoe Vremya reports.
"The zero VAT rate for the export of works and...
Russian exports to Vietnam have been accelerating in the last two years, while the Asian country’s exports to Russia only grew by 8 percent last year compared to 35 percent the previous year, a Russian official has said, according to VN Express.
Dmitriy Makarov of the Trade Representation of the...
Russian e-commerce platform Ozon is investing $150 million in a tenfold expansion of its fulfillment network, after posting a 73% growth in online sales in 2018, East-West Digital News reports.
Private equity firm Baring Vostok and Russian conglomerate Sistema have provided a 10 billion ruble (roughly $150 million) convertible loan...
German wholesale group Metro suffered a sharp drop in share price on Thursday after it reported another quarter of falling sales at its Russian business and an impairment charge on the Real hypermarkets chain it is trying to sell, Reuters reports.
On Wednesday, Metro’s stock had rallied on relief that...
Despite flaws in the implementation of the Russian government’s National Projects, written in President Vladimir Putin’s May Decree from 2018, they will remain among the key development drivers of Russia’s economy, political analyst Pavel Danilin told state-run news agency TASS on Wednesday.
"We cannot say that everything is always perfect....
