Russian oligarch Roman Abramovich and three of his partners said on Monday they are selling a combined stake equal to 1.8 per cent in steel maker Evraz through companies they have holdings in, Kuzpress reported.
According to analysts, it is likely the investors are looking to cash in on Evraz's recent success as...
Russia’s ownership of long and short-term U.S. Treasury securities dropped in January from $13.216 billion to $13.18 billion compared to the previous month, the department’s data revealed, according to TASS.
The share of long-term bonds accounted for $6.322 billion, while short-term bonds holdings stood at $6.858 billion.
Russia began to...
Numerous details about Donald Trump’s proposed Moscow tower project have been revealed by the Special Counsel Robert Mueller’s investigation into the Kremlin’s role in the 2016 U.S. election, Reuters reports.
The real estate, which Trump pursued while running for president despite denying at the time any links to Russia,...
B2B (business-to-business) revenues of Russian mobile operators grew by 15 percent year-on-year in 2018, according to a study from the company AC&M Consulting. Another market researcher, TMT Consulting estimates the market grew by 11 to 15 percent, business newspaper Vedomosti reports.
Corporate subscribers accounted for 13.5 percent of the total...
The United States economy will dominate the world over the next 40 years before its imminent decline, the chairman of the Russian Audit Chamber and former finance minister Alexei Kudrin has said, according to Vedomosti.
“The new sphere of war is the economy. In the end, this will still lead to...
60% of drugs sold in Russia are being imposed on customers as the result of marketing agreements between pharmacies and drug producers, the National Pharmaceutical Chamber told the Ministry of Industry and Trade, according to Kommersant.
The industry organization says it is necessary to prohibit this practice under the threat...
The Russian Foreign Ministry has said Moscow will respond to fresh sanctions imposed by the European Union after the alliance, along with the United States and Canada, slapped new economic measures to punish Russia for its 2018 attack on three Ukrainian naval vessels as well as other actions in Ukraine,...
A recently revealed Russian money laundering scheme involves a company registered in a residential row house in a small Dutch town, used to move billions of dollars to the west, the Dutch daily newspaper Trouw discovered.
According to an investigation by the Organized Crime and Corruption Reporting Project (OCCRP), the Troika Laundromat was...
Russian petrochemicals giant Sibur is waiting for its huge new plant in western Siberia to be launched before conducting its initial public offering, which means the IPO will not happen until this autumn, banking sources close to the deal told Reuters.
The move, estimated to raise as much as $3...
The United States, the European Union and Canada on Friday imposed financial sanctions on more than a dozen officials and entities accused of supporting Russia’s occupation of south-eastern Ukraine, TASS news agency reported.
The Treasury Department announced Friday that it had blocked six Russian individuals and eight companies that allegedly...
