Foreign direct investment in Russia in the non-financial sector in 2018 declined by $6.5 billion, data released by the country’s Central Bank shows, according to RBC. This is the lowest FDI net inflow since 1997, the news outlet notes.
Foreign investors who participated in the capital of Russian companies...
Russian law enforcement authorities opened 487 investigations against companies for bribery in 2018, with the 439 convicted legal entities paying around $10 million in penalty payments, a new report by German law firm Noerr reveals.
According to the report, Russia’s prosecutors and courts have started to assess whether companies have implemented the...
A deal struck in January between the U.S. Treasury Department and sanctioned Russian billionaire Oleg Deripaska allowed the influential oligarch to satisfy the terms of his divorce by transferring tens of millions of dollars in stock to benefit his children, the New York Times reports.
The deal was reached in order...
Investors from Great Britain bought nearly half of offered last week by Russian gold producer Polyus’s controlling shareholder, deal book-runner VTB Capital has said, according to TASS.
Polyus said on Thursday that its controlling shareholder, Polyus Gold International Ltd (PGIL), had sold a 3.84 percent stake in the company via...
Russia’s communications watchdog, Roskomnadzor, has blocked roughly 1,000 hyperlinks to different Internet resources mentioning VTB Bank, its president, Andrey Kostin, and TV news anchor Nailya Asker-Zade, Vedomosti reports.
A source at the Internet freedom project Roskomsvoboda told the business newspaper that the state censor is enforcing two court rulings handed down last...
Polyus Gold International Ltd (PGIL), a holding which controls Russia’s largest gold producer Polyus, said on Wednesday it would sell a 3.5 percent stake in the company via an accelerated bookbuilding (ABB), the Moscow Times reported.
Polyus Gold shares have ridden the wave of rising demand from investors that...
Global online retail heavyweights are scrambling to position themselves in Russia, one of the fastest-growing markets in the world, CGTN reports.
At the moment, China's Alibaba, which last year announced an ambitious plan to establish a presence in the country, holds almost two-thirds of the entire Russian market. But now...
An ongoing respite in international sanctions against Russia is used by the country’s billionaires to cash in on the appeal of the country’s equities, Bloomberg writes.
The U.S. lifted sanctions aluminum giant Rusal at the end of January, and amid the relative calm that’s settled since Washington targeted Oleg Deripaska...
A Moscow court on Friday fined social media company Twitter 3,000 rubles ($46) for refusing to disclose information requested by the country’s officials under a controversial data law, Kommersant reports.
According to the newspaper, while the fine is miniscule, further non-compliance with the law could lead to the social media...
More than a quarter of Russian millionaires’ assets are in cash, which is the highest rate in the world, twice the proportion in Europe and almost three times that in the U.S., Bloomberg reports citing data from real estate consultancy Knight Frank.
Olga Raykes, the co-founder of family office Confideri,...
