The Russian government does not plan to change taxation over the next 6 years, including raising property taxes for the rich, press service of the Russian Ministry of Finance said on Tuesday according to Rossiyskaya Gazeta.
"The government has already raised property taxes on the rich. Finance Minister Anton Siluanov...
Russia’s top internet search provider Yandex announced its third-quarter 2018 results on Monday, detailing accelerated revenue growth with the help of its healthy core advertising business, continued market-share gains on Android in Russia, and the broad success of its various supplementary businesses, The Moscow Times reports.
Perhaps unsurprisingly, there were...
The city council of Riga, Latvia’s capital, intends to continue with a cooperation agreement with OJSC Giprostroymost Institute, a Russian company sanctioned by the EU and the United States, RT reported on Monday citing Una Ahuna-Ozola, a representative of the Department of Transport of the city council.
According to her,...
Russia’s low borrowing requirements make it resilient to U.S. sanctions, Moody’s analyst Kristin Lindow said in an interview with RIA news agency in Moscow. Moody’s Investors Service thinks it’s likely that the U.S. will sanction Russia’s sovereign debt. But it might just upgrade the country to investment grade anyway.
“Those sanctions are...
Russia and India have inked a $950-million deal to supply two new warships to India that will be equipped with Brahmos missiles, The Kyiv Post reports citing Indian media.
In a bid to add to the firepower of the Navy, India will buy the two frigates of the Project 11356 class directly...
Russia’s Ninth Commercial Court of Appeals has upheld a lower court’s decision to dismiss an appeal filed by Russia’s Deposit Insurance Agency (DIA) seeking to seize the property of Clientsky bank top managers evaluated at over 10 billion rubles ($145.1 million), the court documents read.
According to Russia’s official legal information...
Russian billionaire and chairman of fertilizer company Uralchem, Dmitry Mazepin, has arrived in Zimbabwe for talks with the government this week about investment in the country’s fertilizer industry, local media report.
Agriculture is the mainstay of the South African country’s economy but it has been hit hard by shortages of fertilizer, with prices of the...
Russia will lend Cuba over $50 million for purchases of Russian military equipment, business newspaper Kommersant reported, citing two sources involved in technical and military cooperation between the two countries.
According to the sources, the agreement for the loan will be signed during the 16th intergovernmental commission on economy, trade and...
Russia has added around $1 billion to its gold and foreign currency reserves, the latest statistics published by the Central Bank of Russia show, according to Banki.ru.
As of October 19, foreign exchange reserves grew to $461.4 billion against $460.4 billion in the previous week, marking a 0.2 percent increase....
The board of directors of the Bank of Russia has decided to keep the key rate at 7.5% per annum, the regulator said in a press release following the board meeting on Friday, according to RIA news agency.
"The domestic financial market has stabilized in the time since the previous board...
