The United States Department of Treasury announced on Wednesday it is planning to lift sanctions imposed on three companies controlled by Russian oligarch Oleg Deripaska, a close ally of Russian President Vladimir Putin and a name familiar to people following Special Counsel Robert Mueller's investigation into Russian election interference,...
The number of clients and volumes on the Saint Petersburg Exchange soared this year, helped by its service that allows investors trade in U.S. stock via the exchange, Reuters reports.
From about 7,000 at the start of 2018, the number of client accounts had reached 46,000 in early December. Turnover in...
Russian President Vladimir Putin signed a decree according to which financial institutions of the country are required to place information boards with the exchange rate exclusively indoors and not to hang them outside on the street, Novaya Gazeta reports.
The draft decree was prepared by the Bank of Russia. According...
Russians are spending almost a third of their income (31.2%) on food, a new study from RIA Rating, a branch of the RIA news agency, has revealed.
The study looks into the spending habits of citizens of 40 European countries, as well as Russia, Kazakhstan and Turkey.
Luxembourg spends the least of all...
The fear of new U.S. economic sanctions against Russia is weighing on the minds of investors when it comes to Russia, Eric de Beauchamp, Senior Vice President at Credit Bank of Moscow, has said in an interview with Bonds & Loans.
“Possible new sanctions against Russia and, consequently, resumption of foreign...
Russia’s financial technology (fintech) sector is booming despite weaknesses in the country’s economy, says a new report from Deloitte and ID Finance, according to Finextra.
The report estimated Russia’s private fintech market to be worth $810 million, representing growth of 12% compared to last year. Deloitte also found that in a sector...
A Russian unit of London-based insurance broker Aon Plc has signed a one-year deal with the Russian National Reinsurance Company (RNRC) that will allow RNRC to reinsure risks for up to 10 billion rubles ($149 million), Reuters reported on Tuesday citing RNRC boss Nikolay Galushin.
The RNRC was created by...
Russians’ interest in fast food restaurants doubled in the past year, Izvestya reports citing a survey conducted by electronic payment service Yandex.Money. According to the report, consumers, who are mainly young people, said they are choosing fast food because of the relatively low prices.
Experts interviewed by the paper note...
The American Chamber of Commerce in Russia held a high-level speaker event on Monday with Apurva Sanghi, Lead Economist with the World Bank, AmCham Russia said in a statement.
Sanghi presented the latest report on Russia by the World Bank titled "Russia’s Economy: Preserving Stability, Doubling Growth, Halving Poverty...
Russian state-run conglomerate Rostec, which among other things handles the country’s state defense orders, is ready to withstand a new wave of sanctions from the United States, the holding’s CEO Sergei Chemezov stated in an interview with Vedomosti.
According to Chemezov, Rostec had done its utmost to cushion the blow from...
