Thursday, June 25, 2026
Foreign investors could soon find it harder to settle in the United Kingdom, as the government is pushing new, tighter regulation in an attempt to tackle money laundering and respond to deteriorating relations with Russia, Bloomberg reports. Businessmen planning to invest in the UK will be required to prove that...
Italian Prime Minister Giuseppe Conte said on Friday he was working to try to end international sanctions against Russia, underscoring the need to have an open dialogue with Moscow, Euronews reports. "The point is that the sanctions cannot be a final objective, they can only be the means. Maintaining...
In a move expected to give Delhi a boost in the Indian Ocean against arch-rivals Pakistan and China, India has signed a $3 billion deal to lease a third Russian nuclear-powered submarine for 10 years, Vestifinance.ru reported. According to the report, the deal took months to negotiate, and it comes...
One of Russia’s few independent service providers in the maintenance, repair and overhaul (MRO) industry, Vostok Technical Services (VTS), has reported a major increase in the number of maintenance checks it performed last year, Russian Aviation Insider reports. The company shared its 2018 results and described its plans for the...
U.S.-based international fast food chain Burger King has become the most widely represented international brand in Russia, overtaking Adidas and Yves Rocher, which shared the first place last year, RBC reports. According to analysts, this is due to the resilience of fast-food chains to crises and the optimization of...
Russia’s state-owned diamond miner Alrosa has succeeded in persuading a major Chinese partner to use euros instead of dollars in trade deals, the South China Morning Post reports. Alrosa’s director of sales Evgeny Agureev told the newspaper on the sidelines of the Hong Kong International Jewellery Show that it has signed...
Russia’s Rusal, the world’s second-biggest aluminum producer, posted a fourth-quarter adjusted net loss of $17 million on Thursday, compared with a $338 million profit in the previous quarter, Reuters reported. The company posted a $350 million profit in Q4 in 2017. Rusal said its fourth-quarter adjusted earnings before interest, tax, depreciation...
Serbian construction company Energoprojekt has signed a 10.2 million euro ($11.5 million) contract to complete the construction of the Hyatt Regency Rostov-Don Plaza hotel in Russia, the blue-chip civil engineering company said, according to the Rostov Gazeta. Energoprojekt will participate in the project via its subsidiary Energoprojekt Visokogradnja and the deadline for...
Russia hopes to sign an agreement with Luxembourg to jointly mine minerals in outer space, deputy prime minister Tatyana Golikova has said, according to Mining.com. The high-ranking official is currently visiting Luxembourg and spoke to her counterpart and economy minister Etienne Schneider about a potential partnership, the report said. Luxembourg...
The second-largest producer of aluminum in the world, Russia’s Rusal has restored shipments of products to the United States "at significant levels", the company’s Strategy and Business Development Director Oleg Mukhamedshin told reporters on Thursday, according to RBC. In particular, deliveries of high-margin produce and alloys, were restored, Mukhamedshin said. "We...