The West has been increasingly looking into the dealings of Russian oligarchs suspected of corruption, Pravda reports.
This week, billionaire oligarch Dmitry Rybolovlev, president of Monaco football club, was detained at the request of the Principality of Monaco. Prosecutors accuse Rybolovlev of corruption, trading in influence and complicity in those crimes....
Russian and Chinese leaders are blasting U.S. sanctions and tariffs that they say are undermining the global trading system built by Washington, and said the measures have served to cement closer economic and political ties between Beijing and Moscow, RFE/RL reports.
During a visit to Beijing on Thursday, Russian Prime Minister...
The Russian Embassy to France has asked for clarifications from authorities in the Principality of Monaco after Russian billionaire Dmitry Rybolovlev was reportedly detained there for questioning in a corruption-related case, Bloomberg reports.
Rybolovlev, who is the owner of the AS Monaco soccer club, was held on Tuesday and police also...
The world’s second-biggest aluminum producer, Russia’s Rusal continues to receive dividends for its 27.8% stake in Norilsk Nickel, Russia’s leading metals and mining company, with the payments expected to reach up to $900 million by November 6, Kommersant reports.
According to the data provided by Norilsk Nickel, the company’s dividends for...
The Russian government can financially support large individual companies if they are slapped with new U.S. sanctions, Russian Prime Minister Dmitry Medvedev told reporters, according to TASS.
"I have repeatedly commented on the sanctions against our country, I have absolutely nothing to add here, we have adapted to various kinds of...
The acceleration of the Consumer Purchasing Index (CPI) in Russia from 3.4% year on year in September to 3.5% YoY in October was more modest than analysts at ING Group expected, the financial institution said in its latest report.
“The key reason for the positive surprise was the 0.5% YoY drop...
China is on track to replace Russia as Ukraine’s largest, single nation trading partner if bilateral commerce between the two countries continues to grow at a steady pace, The Kyiv Post reported citing newly-released data.
The Ukrainian Ministry for Economic Development and Trade on Oct. 5 shared the data at a...
A trio of Russian oligarchs sanctioned by the United States have been asked not to attend the World Economic Forum (WEF) meeting in Switzerland’s Davos in January, a Russian state-owned bank reported, according to The Financial Times.
Andrei Kostin, the chief of VTB bank and an ally of President Vladimir Putin, "had...
Russia’s service sector activity reached an 11-month high last month, driven by stronger demand and new business growth, Reuters reported on Tuesday citing the Markit Russia purchasing managers index (PMI).
“The rate of expansion accelerated amid a quicker rise in new business, with both increasing the most since November 2017,”...
A new survey conducted by a Moscow-based consulting firm shows almost nine out of ten large Russian companies say they are wary of looming U.S. sanctions, The Moscow Times reports.
Eighty-six percent of big businesses in Russia said they were anxious about new punitive measures, according to a survey...
