The Central Bank of Russia estimates that the net outflow of capital from Russia in January-October 2018 was up to $42.2 billion, a three-fold increase from the $14 billion that left Russia in the same period a year earlier, Intellinews reports.
Operations of banks to repay external liabilities account for...
The Russian Prime Minister says it will consider boycotting the upcoming World Economic Forum meeting in Davos, Switzerland if Russian tycoons are kept out of the prestigious gathering, VOA News reports.
"If all these decisions that have been made in relation to Russian business representatives are not changed, then we will...
Trade between Russia and the United States increased by 8.5 percent year-on-year in the first nine months of 2018, compared to the same period last year, and stood at $18,019 billion, Sputnik agency reported on Tuesday citing data published by the Russian Federal Customs Service (FTS).
According to the data,...
Companies owned by U.S.-sanctioned Russian tycoon Arkady Rotenberg, which are currently working on the construction of the controversial Crimean Bridge, could move on to another large-scale state-sponsored infrastructure project, business newspaper Kommersant reports.
The sources told the newspaper that there are no serious alternatives to already established large bridge-building...
An agreed purchase of Russian Sukhoi jets by Iran depends on a license provided by the United States Treasury Department’s OFAC (Office of Foreign Assets Control), the Secretary of the Association of Iranian Airlines Maqsoud Asadi Samani has said, according to Trend news agency.
Samani noted that the 10-15 percent of...
Additional U.S. sanctions on Russia is an opportunity for investors to boost holdings of rouble-denominated government paper, the head of emerging debt at asset manager Aberdeen Standard Investments Brett Diment has said on Monday, according to Reuters.
Diment, who oversees around $13 billion of assets under management, told the Reuters...
Luxembourg-based Amber Beverage Group has acquired a majority stake in Russian spirits producer Permalko, which is thought to be one of the oldest distilleries in Russia, Foodbev.com reports.
The deal is described as a “significant milestone” in Amber Beverage Group’s efforts to become an international company. Amber Beverage Group will retain...
The main threat from U.S. sanctions against Russia lies in their expansion to Russia’s partners in European countries, Alexander Shokhin, the head of the Russian Union of Industrialists and Entrepreneurs (RSPP) said during a Russian-Turkish business forum on Monday, according to TASS news agency.
"It’s not about what kind of sanctions the...
Representatives of India, Iran, and Russia will meet later this month to discuss the operation of a new 7,200-km trade and transport corridor, Russian media reported. The three countries intend to launch a multimode network of sea and land routes that will link India via Iran to Russia to Europe.
The...
The Russian Federation represented by the Federal Property Management Agency and the country’s Republic of Sakha (Yakutia) will keep its more than 50% stake in diamond mining company Alrosa until 2023, Kommersant reported.
This, however, does not prevent the state’s sale of 8% in Alrosa in 2019, which was...
