The Moscow City Court has upheld the detention of Vagan Abgaryan, a partner in investment company Baring Vostok, in a 2.5-billion-ruble ($37.5 million) embezzlement case, The Financial Times reported.
The ruling of the Moscow Basmanny District Court, by which Abgaryan is to stay in detention until April 13, remains...
Croatian businessmen see a lot of potentials to strengthen their country’s economic relations with Russia, particularly in the energy, tourism, pharmaceutical, construction and agriculture sectors, HINA news agency reports.
At a meeting of the Croatian Business Council for Cooperation with the Russian Federation and a seminar on how to...
Credit rating agency Moody’s Investors Service has for the first time named “abrupt regime change” as a risk factor for the Russian economy, RBC reports.
Analysts have forecast increasing competition within the Kremlin and growing popular discontent over social issues as Vladimir Putin’s fourth presidential term approaches its end in...
The company of jailed U.S. businessman Michael Calvey, Moscow-based private equity group Baring Vostok, has written an open letter to Russian President Vladimir Putin, urging him to intervene in the arrest of a U.S. citizen, CNBC reported.
Calvey, who is the co-founder of Baring Vostok, was detained along with...
A new expert monthly report on the economic situation in Russia says low business investment activity is to blame for the sluggish growth of the Russian economy, TASS news agency reported.
"The recent decisions of international rating agencies that are favorable for Russia are based primarily on the macroeconomic indicators it demonstrates....
Expectations in global markets that China and the United States are closing in on a deal to end a trade war have increased risk appetite, which has led the Russian ruble to rise to near a four-month high against the dollar on Monday, Reuters reports.
"Risk appetite may receive support...
Russia’s biggest bank, state-owned Sberbank, has taken the top spot as the most valuable stock on the Russian equity capital market, worth a massive $69.4 billion as of February 22, Intellinews reports.
Investors are drawn to Sberbank as it is seen as a proxy for the whole Russian economy. The...
Russia’s Alrosa, the world’s largest diamond company by volume, is wary of new U.S. sanctions on Russia as the company is starting a big sales push in America, Yahoo Finance reports.
After a two-year break, Alrosa resumed its U.S. operations in 2018 and hired industry veteran Rebecca Foerster in January...
The Russian market has grown into the second-largest for German chocolate manufacturer Ritter Sport, a top executive at the company has told the German-Russian Chamber of Commerce, RT reports.
The company, famous for its signature square bars, has seen its sales fall across Europe – with the exception of Russia,...
Over three quarters of businessmen from Japanese companies operating in Russia have concerns about the effects of United States sanctions on the country, despite about 70 percent of them expecting to post profits from their Russian operations for 2018, a newly conducted survey reveals, according to NHK.
The Japan External...
