Russia has extended a recent debt-sale spree, selling a record volume of OFZ treasury bonds and driving the ruble to its highest value in two weeks, Bloomberg reports.
After a strong start against the dollar, the ruble climbed further to reach 64.42 against the greenback, its highest level since...
The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, and the Turkey Wealth Fund (TWF) have announced the creation and launch of the Russia-Turkey Investment Fund during Turkish President Recep Tayyip Erdogan’s visit to Moscow this week, TASS news agency reported.
“At the initial stage, the investments in...
Russia’s emerging middle class is willing to spend more for better healthcare service, driving a flourishing private medical services industry in the country, bne Intellinews writes.
Citizens enjoy free universal medical care under the Russian constitution, but the system is less than ideal, driven by shortages of beds, equipment,...
The Russian Investigative Committee has asked a court in Moscow to release detained American investor Michael Calvey from custody and place him under house arrest, a spokeswoman for the Basmanny Court has said, according to RFE/RL.
"The court will review the appeal on April 11," said the spokeswoman, Yunona Tsareva.
Calvey,...
The Bank of Russia sees debts held by certain companies as a possible internal risk and it is working on measures to control such debts, the central bank’s First Deputy Governor Ksenia Yudaeva said on Tuesday, according to Reuters.
“Internal risks are always associated with the accumulation of excess debt...
Almost $25 million have been embezzled from Russia’s state-run space and defence holdings Rostec and Roscosmos last year, the country’s general prosecutor said Tuesday, according to RIA Novosti.
In a report destined for senators in the upper house of Russia’s Parliament, General Prosecutor Yury Chaika said 1.6 billion rubles ($24.7 million) was embezzled by companies headed by...
Loans are becoming less affordable for Russian citizens, with interest rates climbing and banks adopting a stricter attitude toward customer requests, business newspaper Kommersant reports.
According to Russia’s United Credit Bureau, the number of failed loan requests has grown by an average of 11% since the beginning of the year.
According to...
Russian President Vladimir Putin on Tuesday outlined an ambitious Arctic investment program, which includes building new ports and other facilities and expanding the country’s fleet of icebreaker vessels, The Associated Press reports.
He said that the amount of cargo carried across the shipping lane is set for a dramatic increase...
Russian coffee shops have been increasingly turning toward international markets for expansion, Kommersant writes. Takeout coffee chain Pravda Kofe (Truth of Coffee) has started expanding to the Comonwealth of Independent States (CIS), opening its first locations in Kazakhstan.
However, since the brand is not recognizable outside Russia, it may run...
The share of Russia’s Internet market in the country’s GDP is growing rapidly and today stands at around 4%, a presidential administration official said on Monday, according to state-run news agency TASS.
"In Russia, the share of Internet companies is already about 4% of GDP, this share will grow...
