A new banking leak and an ensuing journalist investigation have revealed how a charity run by Prince Charles received donations from an offshore company that was used to funnel vast amounts of cash from Russia, the BBC reported.
The scheme is under investigation by prosecutors, the report said.
Money flowing through...
Aberdeen-based oil and gas technology firm Plexus said on Monday it signed a major contract for its equipment from Russian energy giant Gazprom, calling it a “breakthrough” deal for the company, Energy Voice reported.
The company’s Russian licensing partner secured a rental order for Plexus’ POS-GRIP exploration wellhead equipment, which prevents gas...
Russia’s banks are benefiting from the Central Bank’s clean-up operation, as the sector’s landscape becomes more stable and conducive to healthy competition, Sergey Khotimskiy, First Deputy CEO and Co-owner of Sovcombank said in an op-ed published by World Finance.
Starting in 2013, the Russian Central Bank has been vigorously pursuing a...
Russia’s consumer confidence in the last quarter of 2018 fell to 17% in state statistics agency Rosstat’s quarterly survey – back to the levels seen during the “silent crisis” years of 2015-2016, Intellinews reported.
Russia’s low retail turnover reflects the fall in consumer confidence. Retail sales growth slowed to 1.6%...
The arrest of Michael Calvey, prominent U.S. businessman in Russia and owner of investment fund Baring Vostok, might have followed suspicions that the company funded the Russian opposition, TV station Dozhd reported citing a “source close to the Kremlin.”
The source told the independent media outlet that Baring Vostok had...
Russia’s trade associations have accused global electronic payment companies Visa and Mastercard of abusing their market power in the country, RIA Novosti news agency reported.
The Association of Internet Trade Companies (AKIT), the Retail Companies Association (ACORT) and the Association of Trading Companies and Manufacturers of Electrical Household and Computer...
The world’s five major emerging national economies BRICS (Brazil, Russia, India, China, and South Africa) are working on a single payment system, which will be called BRICS Pay, and would be used to pay for any purchase in any country of the group, Finanz.ru reports.
According to the press...
British clothing retail giant Next and Next Children is planning to leave the Russian market, news outlet RBC reported on Thursday, citing a reference to sources in the commercial real estate market.
Due to the devaluation of the ruble, companies have not been able to maintain a sufficient level of...
