Russia continued buying gold in March, with the Bank of Russia adding 18.66 metric tons of the precious metal to its coffers during the month, newly-released central bank data has revealed, according to Reuters.
The purchase increased Russia's total gold holdings by 0.87 percent, bringing it to 2,167.91 tons of the precious metal as of April 1.
The new purchases...
Russia wants a greater role in the global liquefied natural gas (LNG) market and will gradually increase its production in order to achieve this, President Vladimir Putin said on Wednesday, according to Reuters.
“Russia will consistently build up its gas liquefying capacities to carve out the niche that our...
The Russian arm of global fast food chain Burger King is planning to hold an initiative public offering (IPO) at the Moscow Exchange this year, two investment bankers familiar with the potential organizers of the deal told Vedomosti.
A source close to one of the co-owners of Burger King Russia...
The Russian ruble lost some value against the dollar in early trading on Wednesday, despite being supported by month-end tax payments and investor expectations of high demand for government bonds, Reuters reports.
The Russian currency was 0.47 percent weaker against the dollar at 0720 GMT (63.99) and had lost 0.33...
North Korean leader Kim Jong-un was traveling to Russia on Tuesday in a possible attempt to win the country’s help as the U.S.-led trade sanctions hurt his country's already-struggling economy, the BBC reports.
Although there are no signs of a financial or humanitarian crisis in North Korea, some observers say...
The Moscow Stock Exchange continues to perform well despite sanctions on its most important companies, with the MOEX Russia index climbing over 100% in rubles in the last five years and reaching a record high on Tuesday, Reuters reported.
The index rose 0.5% to a new record high of 2,599.58...
The head of the Russian state space agency said the country plans to offer “outstanding citizens” free trips to the International Space Station (ISS) in exchange for their achievements, tech news website Tehnofan reported.
The Roscosmos space agency plans to send tourists to the ISS in late 2021 under...
The chairman of the board of Moscow’s Sheremetyevo Airport Alexander Ponomarenko told Reuters Tuesday that private shareholders in the airport may sell a 30 percent stake to raise money for a potential purchase of Russia’s 30.5 percent holding at a later date.
Sheremetyevo Holding company, which controls the business, has...
A Russian presidential adviser has proposed to adopt a digital currency in Crimea to attract investors and avoid Western sanctions in the Russia-annexed part of Ukraine’s Crimea, Eurasia Daily reports.
Sergey Glazyev, advisor to Russian President Vladimir Putin on regional economic integration, urged the government to adopt “digital money technologies”...
French retailer Auchan has said it plans to increase the production capacity of its meat processing plant in Russia’s Tambov Oblast to 70,000 tons by 2020, Global Meat News reports.
The company said the move will allow it to become fully self-sufficient in meat products on the local market,...
