International payment system Visa, together with its partners, Rosselhozbank and retail chain Russian Parmezan, has launched a pilot project to withdraw cash at cash desks in stores, Investing.com Russia reports.
"Visa announces technical implementation of cash withdrawal services at cash registers at trade and service enterprises in Russia. The...
Russia’s state-owned development bank VEB.RF (formerly Vneshtorgbank) announced it will buy a stake in one of Russia’s biggest construction companies, Mostotrest, known for building the controversial Kerch Strait Bridge, Vedomosti reports.
The company is owned by billionaire oligarch Arkady Rotenberg, a close personal friend of President Vladimir Putin. The deal...
Despite Russia now being the second-best-performing big emerging market after China, that hasn’t really turned investors on, Forbes writes.
Andrew Miller, the CIO of Mondrian Investment Partners in London says that Russian stock market is underweight. “We are value managers, and Russia looks cheap, but it’s cheap for a reason....
Russia's Central Bank has the necessary financial instruments to withstand external shocks, the regulator’s head Elvira Nabiullina said on the sidelines of the annual meeting of the International Monetary Fund (IMF) and the World Bank in Washington, News.ru reports.
"If external events happen and cause volatility on external markets,...
Russian companies and organizations that comply with possible western sanctions against the country’s banking system would be effectively forced out of the Russian market if newly proposed legislation is approved in the country’s parliament, Vedomosti reported.
Amendments to Russian legislation proposed by Vladislav Reznik, a member of the ruling...
In a bid to boost flight safety, North Korea is looking to buy Russian civil aircraft, the deputy speaker of the Russian State Duma, Sergei Neverov, has said, according to Interfax.
"At a meeting at the North Korean foreign ministry, we touched upon the issue of civil aviation and flight...
The government of Venezuela has signed an agreement with Russia to receive investment and participation of Russian companies in the country’s iron, steel, mining and agriculture industries, Venezuela's state-run media said this week, according to Prensa Latina.
The agreement is under the XIV High Level Intergovernmental Commission (Cyan) Russia-Venezuela. In...
The risks of another global economic recession remain very high, and Russia needs a strategy to counter that, Russian Finance Minister Anton Siluanov said in an interview with Russian TV channel Rossiya-24on Saturday.
"The risks of an upcoming global recession are very high," he told reporters on the sidelines of...
Russia’s biggest bank, Sberbank, and state-owned real estate developer Talan have signed an agreement on cooperation within a long term development strategy, the bank said, according to Aif.ru.
Talan is going to construct 57 new buildings and other objects for the bank in 14 Russian regions. The total volume of...
Russian rail freight group Rustranscom could raise $1.363-1.605 billion, a report on the listing by VTB Capital, one of the banks working on the IPO showed, according to Reuters.
Earlier this month, Rustranscom said it was planning to list its global depositary receipts on the London Stock Exchange (LSE)...
