Russia’s Watcom shopping index, which measures the number of shoppers in the largest malls in the country caught up some lost ground in November, but remains at its lowest level in four years, Intellinews reports.
The index keeps track of footfall in Moscow’s biggest malls using face recognition technology and...
Congressional Democrats are reviewing the Trump administration’s controversial decision last month to lift sanctions on businesses controlled by Russian oligarch Oleg Deripaska and gaming out strategies to try to reverse it, the New York Times reports.
While House Democrats are considering their own response, Senate Democrats have taken more concrete...
South Korean liquor producer Hite Jinro has launched its signature soju brand Chamisul in Russian liquor store chain Vin Lab, in a move to penetrate the local drink market there, The Pulse News reported recently.
Hite Jinro said Chamisul, which has an alcoholic content of 19 percent, will hit the...
Last week’s news that the Russian central bank is barring five companies from the foreign exchange market was a shock for the sector but is hardly an unexpected turn of events, Finance Magnates writes. The flight to jurisdictions where the central bank has no oversight was cited as the...
The Investigative Committee of Russia (ICR), the country’s main federal investigating authority, has formally charged the ex-Finance Minister of the Moscow Region, Aleksey Kuznetsov, who was extradited from France the day before, Vesti.ru reports.
The ICR accuses the former official of fraud, money laundering, criminal proceeds and embezzlement worth $205...
The Russian economy is in need of a more structured and widespread microcredit policy to successfully combat the challenges it is facing, according to an analysis by non-profit Borgen Project.
“Geopolitics and market dynamics are the biggest adversaries for anyone looking to start a business in Russia, and although they...
Russian regional carrier Severstal Airlines, owned by steel and mining giant Severstal, has taken delivery of its first Superjet 100 and plans to soon put it in service, Rusaviainsider.com reports.
The aircraft was delivered to the airline in late December at its Cherepovets home base airport. It features a convertible...
Falling oil prices led the Russian ruble to stay close to its lowest levels in more than three months, despite opening higher on Thursday, Reuters reported.
The Russian currency was 1 percent stronger against the dollar (69.13) at 0900 GMT and had gained 1.68 percent to trade at 78.65...
Ongoing liberalization of banking legislation in China will provide Russian banks with an opportunity to receive full licensing for China operations, China Briefing reports.
“It has always been difficult for banks to start their work and operate in China. We are studying the issue and we see its development in...
The United States Treasury Department's Office of Foreign Assets Control (OFAC) has notified Congress of its intent to terminate sanctions on three systemically important companies tied to Russian oligarch Oleg Deripaska on Wednesday, Jdsupra.com reports.
At the same time, OFAC said it was imposing severe blocking sanctions on a slate...
