Despite an escalation of tensions with Ukraine, Russia has issued a 1 billion euros ($1.13 billion) Euro-denominated Eurobond with a yield of 3.0 percent on Tuesday, the Finance Ministry said, according to TASS news agency.
The country, which is trying to lower its reliance on the U.S. dollar, placed the...
Russia is taking part in developing a European counterpart of the global banking payment system SWIFT, the European Commission’s press service has told business newspaper Izvestya.
According to an EC spokesperson, the purpose of the new platform is to ensure legitimate cash turnover with Iranian companies in spite of Washington’s...
Interros, the investment company owned by Russian businessman Vladimir Potanin, plans to appeal a London court decision to block him from buying shares in mining company Norilsk Nickel from fellow investor Roman Abramovich, representatives at Potanin's investment firm said on Tuesday, according to TASS.
The June ruling was considered to...
Russia’s Direct Investment Fund (RDIF), the country’s sovereign wealth fund, is leading a consortium of investors including Abu Dhabi’s Mubadala Investment Company, and other large Middle Eastern investment vehicles who want to invest in Russian Fitness Group (RFG), The National reports.
The consortium has acquired a 22.5% stake in the...
Roger Munnings, Chairman of the Norilsk Nickel Audit and Sustainable Development Committee, has won Russia’s 13th National Director of the Year Award, Vedomosti reported.
The award recognizes directors for their personal contribution to the implementation of high standards of corporate governance.
Originally, the Director of the Year National Award was established...
A survey of about 1,000 top Russian executives released Tuesday showed 59 percent said they think U.S. sanctions have hurt the economy, Bloomberg reports.
In the survey, carried out by the Russian office of global professional services network PricewaterhouseCoopers (PwC), only 9 percent of Russian execs said they think the country...
A Russian ship that was caught breaking U.S. sanctions against North Korea is still stranded in the South Korean port of Busan, as local oil companies are refusing to provide the fuel necessary for its voyage home, Radio Free Asia reports.
The Sevastopol, owned by Vladivostok-based Gudzon Shipping, has been...
The United States has charged six Russian nationals and two Kazakhs for an alleged online fraud involving fake advertising that caused companies to lose tens of millions of dollars, the Justice Department announced late on November 27, according to NBC News.
In one alleged scheme that began in 2015, two...
This year’s Black Friday campaign has proven successful for retailers, Izvestya reports. According to early indications, total sales reached 17.4 billion rubles ($259.7 million), which is 2.5-times more than in 2017, according to ArtyomSokolov, president of the Association of Internet Trade Companies (AITC).
Fiscal data operator OFD Platform said the...
Russia’s Industry and Trade Minister Denis Manturov has said he does not rule out that the newly-created Industrial Development Fund will develop new measures to support industrial enterprises amid an expected new wave of U.S. sanctions, state-run TASS news agency reported.
"Amid this background the Ministry of Industry and Trade...
