Russian tech conglomerate Yandex now has the right to sell its stake in a joint venture with Uber worth $96 million, Prime news agency reported citing documents published by the U.S.-based ride-hailing company.
In January last year, Yandex.Taxi and Uber merged their businesses in Russia, Kazakhstan, Belarus, Azerbaijan, Armenia and...
The Russian government is moving to take tighter control of debt in the country’s regions, the build-up of which nearly caused a crisis only two years ago, RIA news agency reports.
The State Duma Committee on Budget and Taxes is supporting a proposal by the Finance Ministry to tighten control...
Detsky Mir, Russia’s leading children's store, has reported a 16.1% year-on-year surge in sales in the first quarter of the year, driven by robust like-for-like (LFL) growth in both Russia and Kazakhstan, the company said on Tuesday, according to BFM.ru.
Analysts say the results show that Russian customers are still...
Domino's Pizza Russia regional network franchise holders have accused the company of over-pricing products, imposing services and lack of marketing support, Kommersant reports calling the case “one of the biggest scandals in the Russian fast food market in recent years.”
Last month, letters seen by the newspaper were sent to...
Russian President Vladimir Putin said at a Security Council meeting on Tuesday that the country needs to heavily upgrade its space industry and improve the sector’s management model.
"It is obvious that it is necessary to fundamentally modernize the rocket and space industry, introduce the modern model of managing the...
Troubled German banking giant Deutsche Bank is damaged by fines, legal action and the possible prosecution of “senior management” because of its role in a $20 billion Russian money-laundering scheme, The Guardian reports citing a confidential internal report by the lender.
According to the document, the bank acknowledges “a...
U.S.-sanctioned Russian carmaker GAZ will be forced to shut down by this summer if the United States doesn’t lift sanctions against both owner Oleg Deripaska and the company, the billionaire has said, according to TASS news agency.
"July 4 is literally the last day this factory could work," Deripaska told journalists during an...
German investments in Russia grew to over 3 billion euros in 2018, the highest figure since the 2008 financial crisis, the Russian-German Chamber of Commerce (AHK) has said, according to Nezavisimaya Gazeta.
“Despite Western sanctions and Russian countersanctions, investments made by German companies in the Russian economy last year was...
Major U.S. soft drink company PepsiCo says it will not pursue plans to advertise its products in space using a Russian startup, avoiding what likely would have been significant public criticism, SpaceNews.com reports.
Last weekend, it was reported that PepsiCo’s Russian subsidiary was working with tech startup StartRocket to...
The Russian government is helping carmaker GAZ in negotiations with the U.S. Treasury's Office of Foreign Assets Control (OFAC) over sanctions relief, Russian Finance Minister Anton Siluanov has said, according to Finanz.ru.
"Gaz Group is in contact with OFAC. It has made various proposals similar to the En+ case. I...
