Russian lawmakers are considering legislation that would make information about minority shareholders secret in order to shelter companies from any possible new U.S. sanctions, the head of a top industry group said, according to Fomag.ru.
According to the reports, the Economy Ministry has drawn up amendments allowing the government to...
British retailer Kingfisher DIY, which owns the Castorama network of hypermarkets in Russia, has announced that it is leaving the country, as well as markets in Spain and Portugal, The Guardian reports.
"This will allow us to apply our strategy with more focus and efficiency in our main markets," Chief...
A bilateral pact is being drafted by China and Russia to boost the use of their national currencies in bilateral and international trade, underlining their intent to cut their reliance on the American dollar, The South China Morning Post reports.
Rising concerns over additional U.S. sanctions and trade tariffs are encouraging...
Russian retailer X5 Retail Group has announced a joint venture with Sovcombank to set up a parcel locker delivery concept for online orders, RIA news agency reports.
The service will be carried out through the Sovcombank-owned digital technology company TsTB (Digital Technologies of the Future).
Russia's Federal Antimonopoly Service (FAS) has...
Russia and South Africa have signed a roadmap for the implementation of joint projects in the market of platinum group metals, as well as agreement on exploration, extraction and processing of mineral resources until 2025, TASS reports.
On the Russian side, the Minister of Natural Resources and Environment Dmitry Kobylkin...
The best funded company in the burgeoning American cannabis market, Curaleaf Holdings, is a creation of Russian billionaires, Barron’s writes in a profile of the company. The company is looking to secure its position along other American marijuana companies rushing to secure licenses and locations across the U.S. as prohibitions...
Higher output in the agriculture and industrial sectors has accelerated Russia's economic growth in October, the economy ministry said on Tuesday, but other indicators showed growth remained lacklustre, TASS news agency reports.
The country’s gross domestic product (GDP) expanded by 2.5 percent in October compared with a year ago, up...
India and Russia Tuesday sealed a $500 million deal for the construction of four missile frigates in Goa for the Indian Navy, sending a clear signal of continuing with high-level defence collaborations despite U.S. warnings of sanctions, Kommersant reports.
Officials said the agreement for manufacturing of the two Talvar-class warships was...
The number of financial executives working in Russia has reached the highest level since 2015, with financiers questioned by Deloitte saying that businesses would be most negatively affected by a recent VAT hike and Western sanctions, RBC reports.
The poll conducted by Deloitte involved 80 financial executives, 55% of whom work in Russian...
The Russian rouble lost value on Tuesday after reaching three-week highs the day before as oil prices fell further, dragging the Russian currency down, Reuters reports.
At 0752 GMT, the rouble was down 0.1 percent against the dollar at 65.60 and had lost 0.12 percent to trade at 75.18 versus the...
