A Moscow-based crypto mining firm is trying to come up with solutions to the two biggest problems related to crypto mining at the moment: inordinate power usage and the ensuing escalating costs, Forbes reports.
Founded in January 2018 by Denis Maximov, WattsOn runs several crypto mining pools in Russia, with...
The owner of Turkish shipping company Palmali plans to appeal against a court decision declaring its Russian subsidiary bankrupt and effectively handing its fleet over to the company’s biggest creditor Sberbank, Reuters reports.
Palmali was one of the biggest players in Russia’s river-to-sea cargo market. Last month, a court in...
The European Union will continue with imposed economic sanctions against Russia for another six months, The European Council’s President Donald Tusk has said, according to VOA News.
The measures, first imposed in 2014 over Russia’s annexation of Crimea and the Ukrainian crisis, are targeting Russia’s economy and were due...
The Board of Directors of the Russian Central Bank has decided to raise its key rate to 7.75%, the regulator said in a press release after a board meeting on Friday, Bloomberg reports.
"The decision taken is proactive in nature and is aimed at limiting inflation risks that remain elevated, especially...
A helicopter belonging to Russian oil and gas tycoon Farkhad Akhmedov, who was ordered by a British court to pay a 453 million pound ($572 million) divorce bill, was seized and sold as part of proceedings, Reuters reports citing legal advisers for Akhmedov’s former wife.
The billionaire was ordered to...
Gudzon, a Russian shipping company in the Far East, is now on the brink of bankruptcy after breaking U.S. sanctions against North Korea, a company representative has said, according to Radio Free Asia.
The United States says the Vladivostok-based firm was involved in ship-to-ship transfers of petroleum with a North...
American multinational investment bank Morgan Stanley is closing its equities and currency sales and trading desks in Moscow, joining other banks like Deutsche Bank and Credit Suisse in cutting back on its presence in Russia, Bloomberg reports citing people familiar with the matter.
The U.S. bank has about 40 employees on the...
Russia’s oil giant Rosneft has changed its mind on cooperating with Iran, three sources linked to the state company’s top managers told business newspaper Vedomosti.
Late last year, Rosneft and the National Iranian Oil company announced plans for joint projects in oil and gas production to the tune of $30...
Russia plans to hand control of shipping through the Arctic Northern Sea Route to the country’s state nuclear corporation Rosatom as the company seeks to become the sole operator of one of the world’s emerging trade arteries, The Financial Times reports.
On Tuesday, Russia’s State Duma (lower house of...
Russian companies produced 243 tons of gold in the first nine months of this year, an increase of 3.4% compared to the January-September period last year, the Union of Gold Producers of Russia said on Tuesday, according to local news outlet Prima Media.
The union said the production of gold produced...
