The Iranian parliament has extended a license allowing the government to apply for loans worth a total of $5 billion from Russia for infrastructure projects, Nezavisimaya Gazeta reported.
Lawmakers in the Mejlis, Iran’s Parliament, greenlighted the proposal while discussing the budget bill for the next Iranian calendar year (starting March...
The Dialogue of Civilizations Research Institute (DOC), a Berlin-based think tank founded and chaired by sanctioned Russian oligarch Vladimir Yakunin, is considering the possibility of opening an office in the United States, a spokesperson for the group told ThinkProgress.
Jean-Christophe Bas, the current CEO of Yakunin’s think tank, said that...
Russia has established a strong foothold in one of the world's most lucrative defense markets, the Middle East, TRT World reports.
According to the Turkish state TV, Russia’s share of the Middle East defense market has doubled in three years, and the country has surpassed traditional suppliers of arms to...
The size of Russia’s shadow economy was equal to 20 percent of the GDP last year, business newspaper Vedomosti reported Friday, citing data from state financial watchdog Rosfinmonitoring.
The watchdog recorded 20.7 trillion rubles ($315.9 billion) in undeclared imports and income taxes, as well as under-the-table salaries and other suspicious...
Once Sibur’s huge new plant in western Siberia is completed, Russia’s largest petrochemicals company will be better placed to go through with its planned initial public offering (IPO), Chief Executive Dmitry Konov said on Thursday, according to Reuters.
Sibur was preparing an IPO last year that could raise as...
Germany authorities seized four mansions situated on two federal land plots worth €40 million ($45 million) and €6.7 million ($7.6 million) in cash as part of an investigation of a case concerning siphoning off of more than $22 billion from Russia through Moldova and Latvia, better known as the...
U.S.-based fund Harding Loevner has acquired a 4.7 percent stake in Russian company Yandex, becoming the third major U.S. financial vehicle to invest in the country’s biggest tech conglomerate, CNews.ru reports.
The total value of the stake is around $490 million. Three U.S.-based funds currently own stakes in Yandex,...
The head of Russia's sovereign wealth fund RDIF has appealed to a court in Moscow to move U.S. investor Michael Calvey and several other detained executives of the Baring Vostok private equity group to house arrest, the fund said on Thursday, according to CNBC.
“It is very difficult to comment...
The owner of Wildberries, one of Russia’s biggest online retailers, Tatyana Bakalchuk, who managed to build her company from scratch into a $1.2 billion firm, has entered the list of Russian billionaires, Forbes reports.
This year, Wildberries – the leader of Russian online retailing, where customers shop for hundreds...
Russian prosecutors have formally charged us investor Michael Calvey, the founder of private equity group Baring Vostok, with fraud, his lawyer Dmitry Kletochkin said on Thursday, according to Reuters.
Calvey, a U.S. citizen, and several other senior executives were arrested last week on suspicion of defrauding Vostochny Bank shareholders....
