Russia and Iran have given up the U.S. dollar in settlement payments and plan to shift completely to national currencies, with the euro to be used in situations in which there are no other options, Russia’s Ambassador to Iran Levan Dzhagaryan said, according to RIA news agency.
"It is crucial...
Russia expects to establish free trade zones agreements with Israel, Singapore, India, Egypt and Iran in the near future, the country’s First Deputy Minister of Industry and Trade Sergey Tsyb said on Wednesday, according to Gazeta.ru.
World Trade Organization (WTO) member-states currently use in total over 7,500 non-tariff measures (quotas,...
Russian arms exports have resolutely stood at $15 billion over the past three years, Dmitry Shugayev, Director of Russia’s Federal Service for Military-Technical Cooperation, told Kommersant.
"The primary goal, which we are trying to achieve despite everything, is promoting our products in foreign markets regardless of any external circumstances. I...
Russia’s Economic Development Minister Maxim Oreshkin is in a feud with economist Kirill Tremasov over recently released official economic data which Russian economists deemed too optimistic, The Bell reports.
Tremasov, who managed forecasts for the ministry under Oreshkin's predecessor, Alexey Ulyukaev, said on his Telegram account that the abnormally optimistic...
Shares of Spanish supermarket chain Dia rose on Tuesday after Russian billionaire Mikhail Fridman, who owns 30% of the shares, gave a punchy offer to take over the struggling company, Reuters reported.
Dia’s shares jumped by more than 70 percent to 0.73 euros after Fridman’s bid of 0.67 euros per share for...
The percentage of cashless payments in Russia reached 50% in January 2019, marking the first time such a figure was ever reached, Izvestya reports citing data provided by Taxcom, one of the country’s largest cash register operators, which analyzed 11 billion cash register receipts.
While in 2017, 40% of Russians...
Russia’s state statistic agency Rosstat said on Monday that the country’s gross domestic product (GDP) grew by 2.3% in 2018 versus 1.6% a year earlier, making the economy’s growth rate last year the highest for the country since 2012.
But the latest figure, revised from 1.6% earlier, is a...
Russia’s second-largest taxi aggregator, Vezet, is quietly growing in regions east of the Ural mountains, battling an ultra-competitive market and rival Yandex.Taxi, which merged with U.S. giant Uber last year, Intellinews reports.
In an interview with the news website, Vezet’s development officer Ilya O’Guy explains the ins and outs of...
Strong and accelerated rise in new business activity has driven Russia's services sector on a continued growth path in January, according to the Markit Purchasing Managers Index (PMI) released on Tuesday.
The index's headline figure rose to 54.9 in January from 54.4 in December. It has stayed above the 50...
Russian web portal Rambler has secured exclusive rights to England’s Premier League soccer matches broadcasts, Sportcal reported.
The news outlet says that the platform, which is operated by the Rambler Media Group, outbid incumbent rights holder Match TV to land coverage of English soccer’s top flight for the 2019/20 to...
