Lawmakers in Russia’s State Duma adopted in three readings a bill allowing for new opportunities for the Federal Tax Service (FTS) to challenge companies using preferential tax rates under international agreements, RBC reports.
Companies that enjoy benefits under agreements on avoidance of double taxation will be obliged to explain...
The Russian national payment system Mir, so far restricted to home operations, has expanded its services to Turkey, in partnership with the country’s largest banking chain and 10,000 Turkish online retailers, the Moscow Times reports.
According to the CEO of Russia’s national payment system (NSPK), Vladimir Komlev, the move is...
Russian authorities are doing their best to create comfortable conditions for foreign investors to operate in the country, President Vladimir Putin said at a meeting with representatives of the French business community, according to Channel One.
"Russia will do everything for foreign investors, including yourselves, dear colleagues, to feel as...
Estonian ride-hailing app Bolt, previously known as Taxify, has launched its service in St. Petersburg on Thursday, marking its first venture into the Russian market, Vedomosti reports.
According to the newspaper, the Estonian company has already been actively recruiting in both Moscow and St. Petersburg, and according to information...
Russia’s Finance Ministry has held another no-limits bond auction for its ruble-denominated OFZ treasury bills, setting a fresh record and selling bonds worth 124.6 billion rubles ($1.9 billion) in total, Finanz.ru writes citing a report by Raiffeisen Bank.
“The long-maturity 15yr OFZ attracted almost $625 million, while the rest was...
Russian mining and metals company Mechel said on Thursday that the Supervisory Board of Russia's Industrial Development Fund has approved a low-interest loan to the company’s Beloretsk Metallurgical Plant for upgrading its wire and rope production facilities.
The project's cost will total 1.5 billion rubles ($23.4 million), with the Industrial...
The most interesting story in the newly-published Forbes list of 200 richest Russians is that of Andrey Bloch, who climbed back on the list on the wings of his U.S. marijuana business, The Bell reports.
Bloch owns a 28-percent stake in U.S. cannabis company Curaleaf. It was valued at...
Amid growing interest in Russia for bouts organized by the Ultimate Fighting Championship’s (UFC), involving such famed fighters as Conor McGregor and Khabib Nurmagomedov, the global organization plans to set up its own network of fitness clubs in the country - UFC Gym, Kommersant reports.
The project will be...
Representatives of 16 of Russia’s biggest companies will meet with Russian President Vladimir Putin and French businessmen on Thursday, the head of the Franco-Russian Commerce and Industry Chamber (CCIFR), Pavel Shinsky, told TASS news agency.
"A total of 16 companies will participate. They are the biggest investors into Russia, and,...
The head of the Russian Government, Dmitry Medvedev, has admitted in a speech at the State Duma that the life of most Russians is far from ideal and is very difficult for many of them, "some even merely surviving," Novaya Gazeta reports.
“Today almost 19 million people face poverty in...
