Global fast food chain McDonald's is appointing U.S. based Starcom, part of France’s Publicis Groupe, as the company’s media agency partner in Russia following a review, Media Post reports.
"Our expertise and experience in working with clients to transform their data and digital practice, as well as our ability to...
Russia’s wealth inequality has skyrocketed and has surpassed the level of the United States, Meduza writes in a new report on Russian wealth disparity. The richest 1% of the population controls more than a third of Russia’s wealth, the poor are getting poorer, and most of the wealth produced...
The Russian subsidiary of American bank Citi plans to reduce the number of its offices in the country, but expected to do more business this year, the bank said on Wednesday, according to Reuters.
Since 2014, when Western countries began imposing sanctions on Moscow over its annexation of Crimea from Ukraine,...
The West’s anti-Russian sanctions are proving to be ineffective and are starting to harm America more, the CEO of Russia’s sovereign wealth fund, the Russian Direct Investment Fund (RDIF) Kirill Dmitriev has said, according to CNBC.
“Of course, we believe sanctions are wrong, and particularly U.S. sanctions because they really...
Russia’s biggest bank, Sberbank, has been named by Brand Finance as the strongest banking brand in the world, the bank said in a statement, according to RIA news agency.
“Sberbank was named strongest banking brand in the world by Brand Finance. This is the first time a Russian banking brand...
A 2006 Russian court on the bankruptcy of the Yukos oil company won’t be recognized in the Netherlands, ruled the country’s High Council, which acts as the country’s Supreme Court, Reuters reported.
In 2006, the Moscow Arbitration Court declared Yukos bankrupt and appointed a bankruptcy supervisor, after its former...
The official Russian residence at the World Economic Forum (WEF) 2019, which kicked off in Davos, Switzerland on Tuesday, will host several business events till January 25, Ruskiymir.ru reports.
Russia House, which is organized by the Roscongress Foundation, is a platform for promoting Russian initiatives among representatives of international...
Russia’s Central Bank plans to buy into the capital of Moscow Industrial Bank as an investor as part of measures to prevent the lender’s bankruptcy, the regulator said in a statement on Tuesday, according to TASS news agency.
"As part of measures aimed at ensuring the continuity of the...
Kremlin-linked oligarch Oleg Deripaska and his partners will maintain majority ownership in energy holding En+ Group under a deal with the Treasury Department to lift sanctions against the company, The New York Times reported.
Treasury Secretary Steve Mnuchin, in a letter to Congress last month, said that the agreement...
The president and chairman of Russia's state-owned VTB Bank Andrei Kostin told CNBC Tuesday that U.S. sanctions on Russian businesses and individuals are widely disliked.
"Nobody likes American sanctions, and Europeans (don't like them) as well," VTB Bank's Andrey Kostin told CNBC at the World Economic Forum in Davos.
VTB...
