Russia has become the world's second biggest arms producer behind the United States, overtaking Britain, the Stockholm International Peace Research Institute (SIPRI) said in its annual report published on Monday, according to RFE/RL.
Russia, which has 10 companies in SIPRI’s list of the world's Top 100 arms-producing and military services companies in...
The Russian Fishery Agency has announced that this will be the second consecutive year Russian catch totals reach an all-time high - in 2018, Russian fishing companies are expected to have landed more than five million metric tons (MT) of fish, up from 4.9 million MT in 2017.
But despite...
The Russian central bank has recommended that financial institutions in the country take “necessary preventive steps” in case their partner-banks are forced to stop providing connection to services by the world’s two most used payment systems – Visa and Mastercard, reports Russian business daily Vedomosti.
Moscow faces prospects of tougher...
The U.S. Treasury Department has once again delayed imposing sanctions on Russia’s largest aluminum producer, Rusal, as it seeks to strike a deal that would allow the company to escape the penalties, Bloomberg reports.
The department said in a notice Friday that licenses allowing Rusal to continue doing business would...
The general manager of Russia’s Lenta hypermarket chain Jan Dunning has resigned this week, and the company has already replaced him, ESM Magazine reports.
Hermann Tinga, who served as commercial manager of the company, was appointed to replace him, Lenta confirmed.
“Hermann Tinga was appointed General Director of Lenta and has already...
Above all things, domestic investment can be a driver for Russia’s economic development, Prime Minister Dmitry Medvedev said in an interview with Russian TV channels, according to TASS news agency.
"The growth of the national economy can be first of all driven by its own investments - investments that appear as...
One of the largest shareholders in Croatia’s troubled food retailer Agrokor, Russia's Sberbank, has already begun receiving bids for its stake in the company, Poslovni Dnevnik reported.
Agrokor, the largest firm in the Balkans with over 50,000 staff, was put under state-run administration last year, crippled by debts built...
The United States Special Representative for Ukraine Negotiations, Ambassador Kurt Volker says the U.S. and its Western allies are considering a number of options to prevent Russia from asserting any more "unilateral control" in the shared waters of the Azov Sea, VOA News reported.
Volker told the news outlet that...
Russia’s energy giant Novatek will deliver the first cargo of light condensate oil from its Yamal LNG project to South Korea this month as the Asian country looks for alternatives to Iranian supplies that have been complicated by U.S. sanctions, Reuters reports.
Asian customers are looking to step up purchases of Yamal condensate,...
The United Kingdom will suspend issuing fast-track visas for foreign investors spending millions of pounds in the UK in a crackdown on money laundering, the Home Office has said, according to The Guardian.
According to the statement, the foreign ministry said it was pausing Tier 1 investor visas, dubbed...
