The International Monetary Fund (IMF) has said the Russian economy will grow faster than previously expected as the macroeconomic outlook improves, The Moscow Times reports.
The IMF expects that Russia's growth will reach 1.8 percent in 2019, according to the World Economic Outlook report released on Tuesday. This is still...
U.S.-based global fast-food chain Subway opened its first restaurant in the city of Tarko-Sale, a city of 22,000 inhabitants in Russia’s Far North Yamalo-Nenets Autonomous District last month, New Retail reports.
“For local residents, this is a real event. There is no major brand here. And in general, the restaurant sphere is...
The Russian Ministry of Finance is considering the possibility of switching to the use of the euro with its European trade partners, including in the trade of energy resources, Deputy Minister Vladimir Kolychev said, according to NTV.
"Here, we can see, at least in the initial stage, the main opportunity...
Nearly two-thirds (63%) of industrial enterprises need a stronger ruble to reduce expenses, and half of them (54%) believe that the growing ruble rate will help them attract investments, experts at the Gaidar Institute said in a study on Russia’s economic climate, obtained by RBC.
The ruble’s devaluation mostly affected...
The United States Treasury Department’s struggle to contain the fallout from Washington’s sanctions against Russia’s Rusal is testing President Donald Trump’s attempt to wield U.S. economic strength as a weapon against foreign adversaries, Bloomberg writes in an analysis of Rusal’s case.
Rusal, the world’s second-largest aluminum producer, was sanctioned in...
A mansion on Manhattan’s Upper East Side has been frozen as part of a battle between the U.S. government and Russian billionaire Oleg Deripaska, The New York Post reports.
Deripaska, an oligarch and close ally to Russian President Vladimir Putin, has been under U.S. sanctions since April this year. According...
Russian Finance Minister Anton Siluanov has expressed Moscow’s readiness to cooperate within some kind of European alternative to the SWIFT banking payment system to process operations among European banks and financial institutions, including oil and other resources payments, he said in an interview with Rossiya-24.
"We are ready to join such offers. That’s why it seems...
Russia’s Finance Ministry has prepared amendments to the law on foreign exchange regulation and currency control, which is expected to minimize the fallout from sanctions against Russian legal entities, TASS news agency reports.
“We will be making policy decisions, on the one hand, since the state is a shareholder of...
Two Russian-led Estonian companies were blacklisted by the United States Department of Commerce on Friday for supplying electronics prohibited for export to Russia, Estonian World reports.
The Department of Commerce Office of Export Enforcement confirmed to the news outlet that Eastline Technologies and Adimir were added to the Denied Parties...
Ukrainian-born, Russian-raised billionaire businessman Len Blavatnik, whose net worth of $17.9 billion, has given away $500 million to charity so far, mostly to world-renowned universities like Oxford, Harvard, Stanford and Yale, Forbes writes.
“It’s the bigger buck, or, bigger results for the buck. Or bigger bang for the buck,...
