In a set of forecasts until 2036 released on Wednesday, the Russian economy ministry said it expects the ruble to weaken gradually and economic growth to pick up after 2019, Reuters reports.
The ruble rate will average 61.7 against the dollar in 2018, 63.9 in 2019 and 75.2 in 2036, the ministry...
Russia’s former minister of industry and president of the country’s golfing association Viktor Khristenko has acquired stakes in golf courses worth many millions, a new report by the Organized Crime and Corruption Reporting Project (OCCRP) reveals. The properties were once owned by people associated with a major pipe manufacturer that would have...
Russian banks will have to raise mortgage rates somewhat if they are forced to work under current conditions in the short term, the head of Russia’s largest lender Sberbank, German Gref, said in an interview with Russia 24 TV channel.
According to him, Sberbank itself currently issues mortgages on...
A new study by Moscow’s Financial University has shown that seventy percent more Russians are interested in buying real estate abroad than they were two years ago, Rossiyskaya Gazeta reported last week.
Demand for real estate within the country has surged between 2016 and 2018, spurred by what analysts say...
The recently established Russian subsidiary of global cryptocurrency exchange Huobi and Vnesheconombank (VEB), Russia’s state-owned development bank, are now partnering to offer crypto companies legal support and advice. The newly created legal lab will also represent blockchain businesses in court, Bitcoin.com reported.
Huobi, which is currently the third largest...
A series of amendments to Russia’s Tax Code concerning both individuals and legal entities have come into force starting from January 1, TASS news agency reports.
The cancellation of property tax for legal entities has become one of the important amendments to the Code. First Deputy Minister, Finance Minister...
An official from the Russian space agency Roscosmos has reached a plea bargain with prosecutors after being arrested together with associates and being charged of embezzling around $5 million in state funds, Russia’s legal information agency RAPSI reported.
Ekaterina Averyanova was the head of the Directorate for Legal Support...
Russian gold miner Highland Gold announced on Monday it has completed the acquisition of the Valunisty mine in Chukotka, Russia’s Far East, TASS news agency reports.
"Highland Gold Mining Limited reports it has completed the acquisition of the Valunisty mine and related companies from Aristus Holdings Limited after receiving confirmation of the...
About 3,000 new Maltese citizenships were granted by the country in 2018, in a continuation of a controversial policy of issuing passports in exchange for investment, The Malta Independent reports.
A passport from Malta, which is part of the European Union, gives its holder the right to visa-free travel to...
The world’s largest collective of investigative journalists, the Organized Crime and Corruption Reporting Project (OCCRP), has named the massive Danske Bank scandal, in which the Danish bank enabled the laundering of hundreds of billions of dollars, as the top crime of the year, the organization said.
Danske Bank has been...
