Russia’s Finance Ministry is considering a complete abolition of value added tax (VAT) on gold purchases, a move that would give Russian savers an option of investing in gold, rather than foreign currencies, Izvestya reports.
The ministry said earlier the measure could also help to return capital worth tens of...
In a move that would help En+ to avert U.S. sanctions, Russia’s state-owned bank VTB may sell its 22% stake in the energy group on the market in future, En+ Board Chairman Greg Barker has said, according to Investing.com Russia.
The U.S. Treasury Department removed En+ and aluminum giant Rusal,...
Imports of goods and services from Russia to Ukraine increased by 17% in January - November 2018 compared to the same period in 2017, business newspaper Kommersant reported, citing data from State Statistics Service of Ukraine.
The volume of Ukraine’s imports from Russia in Jan-Nov 2018 amounted to $7.4 billion,...
French companies are aware of the potential and the benefits of operating in the Russian market, and not a single French company has left Russia since 2014, Patrick Erbs, the head of the economic department of the French Embassy in Russia, said on Friday, according to Sputnik.
"France has historic...
Russian President Vladimir Putin will hold a meeting with heads of British companies working in Russia after he agreed to a proposal from the CEO of oil giant BP Robert Dudley, Kremlin spokesman Dmitry Peskov told reporters on Friday, according to Reuters.
Peskov was commenting on Putin’s meeting with Dudley...
The possibility of expansion of U.S. sanctions against Russia and the uncertainty it has caused last year has pushed companies’ share prices lower, prompting investment bankers to suggest their clients should delist from local and international exchanges, Reuters writes.
Russian food retailer Dixy was one of those that decided...
Russian President Vladimir Putin has announced plans to extend the existing capital amnesty program for at least another year, which is designed to encourage the return of capital to the country, Nezavisimaya Gazeta reports.
The bill, adopted last year, allowed Russian citizens living abroad to come back to the...
Russian President Vladimir Putin met Wednesday with the winners of the first "Considerable Business" award, some of the country’s brightest entrepreneurs, whose projects have been selected as best from tens of thousands of applicants, Bankir.ru reports.
The best ones were chosen in six nominations: "Early success", "Fast growth", "Innovative...
Global restaurant chain McDonald's will raise investment in Russia by 40 percent this year, Marc Carena, the company's managing director in Russia, told reporters on Wednesday, according to Interfax.
The fast-food giant plans to open 60 new restaurants in the country by the end of 2019 after adding 40 outlets...
Russia’s biggest bank, Sberbank, has selected thirty start-ups that completed the acceleration at the joint Russian-American accelerator held in cooperation with U.S.-based early-stage venture fund and seed accelerator 500 Startups, Global Finance reports.
The Russian bank said it will invest up to 120 million rubles ($1.8 million) in the...
