Russian oligarch and former owner of aluminum giant Rusal, Oleg Deripaska, has been hit hard by U.S. sanctions on his companies in 2018, causing him to lose more than half of his wealth, Bloomberg reports.
Deripaska, who was sanctioned in April by the U.S. Treasury, is listed in the top 10...
Russia introduced a ban on a range of Ukrainian products, saying it would halt some $500 million worth of annual imports of mainly industrial products in retaliation for economic sanctions by Kiev, RIA news agency reports.
Import of wheat, sunflower oil, sweets, vegetables, fruits, beer, tractors, paper, turbines, furniture, and 50...
Experts from Russian consulting company FinExpertiza have concluded that palladium was the most profitable investment this year in Russia, Komsomolskaya Pravda reports.
The world’s most popular cryptocurrency, Bitcoin, was named the most disastrous investment of 2018, the report says. The study found that bitcoin investors would have lost more...
A Moscow court on Friday sentenced prominent businessman Dmitry Mikhalchenko to 4 years and 7 months in a minimum-security penal colony for alcohol trafficking, the Russian legal information agency reports.
The court also gave two other defendants in the case, Boris Korevsky and Alexey Mishchenko, 5 years in a...
American entertainment companies are likely to experience more difficulties in Russia in 2019, after the country’s authorities introduced a series of restrictions on studio films, according to The Hollywood Reporter.
Russian distributors now have the right to move release dates to avoid collision with major local movies and an age...
The Markit purchasing managers’ index (PMI) published on Friday shows Russian manufacturing growth slowed in December to the third-highest rate in 2018, although output and new business remained strong, Reuters reports.
The main PMI index remained above the 50.0 mark that separates expansion from contraction for the third month in a row,...
The Bank of Russia has decided to revoke the licenses of five forex dealers in the country for “repeated violations of the Russian legislation's requirements on securities,” Interfax reports.
Forex Club, Fix Trade, TrustForex, Alpari Forex, and TeleTrade Group, all subsidiaries of large foreign forex dealers with recognizable brands,...
Western sanctions are seriously affecting Japanese business activities in Russia, despite Јapanese companies considering Russia a promising market, says Michitaka Hattori, Vice Director of the Japan Institute for Russian and NIS Economic Studies (ROTOBO), according to TASS news agency.
"The impact of economic sanctions on Japanese-Russian economic ties is...
A poll of economists and financial analysts conducted by the Reuters news agency shows the country faces an economic slowdown and higher inflation in 2019 due to the risk of new Western sanctions, a weaker currency, and a planned tax increase.
Gross domestic product (GSP) is expected to increase...
