The rouble rose from its weakest level since mid-September on Thursday, supported by slightly higher oil prices and local tax payments adding demand for the Russian currency, Reuters reported.
At 0726 GMT Friday, the rouble was 0.4 percent stronger against the dollar at 68.02, heading away from a low of...
The non-food segment of Russian retail has seen an increase in November, financed by retail loans and previously accumulated savings, ING.com analysts say.
“It appears Russian households have expedited expensive purchases ahead of the upcoming VAT rate hike. We thus see the uptick as temporary and remain bearish on 2019,” the report says.
“As...
Russian mining giant Severstal is making massive investments to increase production by five times at its Yakovlevsky DSO iron ore mine in Russia, a rare underground operation to extract the metal, IM-mining reports.
The company aims to to reach 5 million tons per year by 2023 from the current capacity of...
Russian energy company EN+ Group, which used to be owned by sanctioned billionaire Oleg Deripaska, said in a statement on Thursday that it believed the U.S. Congress could seek additional conditions for lifting sanctions against the company, Interfax reported.
On Wednesday, the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced that it would...
A prosecutor has asked the Basmanny District Court of Moscow to sentence a St Petersburg-based billionaire Dmitry Mikhalchenko, who stands charged with alcohol trafficking, to 10 years in a high-security prison, Fontanka.ru reports.
According to Yunona Tsareva, a spokesperson for the court, the prosecutor additionally seeks a 1.5-million-ruble ($22,000) fine...
Ukraine, one of the biggest sales markets for Russian-made cars, could ban import of vehicles from Russia, according to a new bill proposed to the Ukrainian government, Realnoe Vremya reports.
Figures from the Russian Federal Customs Service show that in the first nine months of 2018, vehicle exports from Russia climbed...
Russian aluminum giant Rusal, the world’s number two producer, has said Thursday that it welcomes the U.S. Treasury Department's announcement of its plan to terminate sanctions against three Russian companies tied to blacklisted billionaire Oleg Deripaska, Reuters reported.
Aluminum prices sank to a 16-month low at $1,911 a ton after the...
Russian President Vladimir Putin on Thursday held his annual televised press conference, using the event to hail another year of economic growth for the country after a previous period of stagnation, RFE/RL reports.
Summing up the year’s results, Putin said Russia’s gross domestic product (GDP) is set to grow by...
Japan is stepping up efforts to cooperate with Russia on developing the Arctic region, with the government in Tokyo hoping that joint projects in shipping and natural gas exploration will accelerate talks for a bilateral peace treaty, the Nikkei Asian Review writes.
Japanese and Russian officials met Tuesday accompanied by members...
Most German companies working in Russia are not optimistic about the Russian economy next year, a new survey by the German-Russian Chamber of Commerce reveals, according to Kommersant.
Germany is Russia’s biggest trading partner and German companies earn around $26 billion a year in the country. The survey shows only...
