If political or economic needs arise, Russian and British companies could switch to settlements in rubles and pounds, abandoning transactions in U.S. currency, Russia’s trade representative in the United Kingdom Boris Abramov has said, according to RIA news agency.
“The British pound is a convertible currency like the U.S. dollar...
The vice president of Russian oil pipeline company Transneft has said that pragmatism and business interests win overheated political rhetoric in Russian-U.S. relations, TASS news agency reports.
Mikhail Margelov told journalists on Monday on the sidelines of the annual international Fort Ross Dialogue forum in San Francisco, which includes...
The floating ruble rate in Russia exists ‘only on paper’ now, and is actually replaced by regulation of the forex market by the Central Bank in order to mitigate financial stability threats, the Russian Accounts Chamber said in its conclusion for the draft Russian budget in 2019-2021, according to...
Foreign investors plan to invest around $40 billion into Russia’s economy over the next five to seven years, despite looming Western sanctions, said the head of the Russian Direct Investment Fund (RDIF), Kirill Dmitriev told Izvestia.
More than 20 companies and funds from various countries will invest in Russia,...
Italian exporters have lost nearly 7 billion euros due to the European Union’s sanctions and Moscow’s retaliatory measures, with Italy’s exports to Russia having decreased 30% since 2014, the President of lobby group Confindustria Russia, Ferlenghi Ernesto said in an interview with Izvestya.
According to him losing a significant portion of...
Russia is breaking World Trade Organization (WTO) rules by hindering the work of U.S. companies in its market, which leads to a decrease in the quality of goods, the American Trade Association has accused, according to RBC.
The U.S.-Russia Business Council (USRBC) has said in comments for the annual report...
Russian cargo airline AirBridgeCargo, an affiliate of freight carrier Volga-Dnepr Airlines, intends to develop a hub in Belgium’s Liege Airport. Investments amount to 25 mln euro, the company says on Friday, according to Aviation Trubune.
"Liege Airport and AirBridgeCargo Airlines have signed an historic lease agreement for 10 years," the...
Russia’s retail major Magnit is finishing negotiations on the purchase of SIA Group, one of the five biggest pharmaceutical distributors in the country, using its own shares for the transaction, according to RBC.
The transaction will be closed after obtaining consent from the Federal Antimonopoly Service. Further consultations on the...
The United States Treasury Department said on Friday it was granting investors another month to divest their holdings of sanctioned Russian companies En+ and Rusal and was giving the firms more time to address their business operations, Bloomberg reports.
The U.S. in April imposed sanctions against billionaire Oleg Deripaska and...
The residential market in Russia will be the driving force behind the country’s entire construction sector in the long term, Macon Realty Group says in a new report, adding that the main reason for Russia’s mortgage boom is the continued high demand of most of the country’s population for...
