The Kremlin has been stepping up its efforts to cut dependence on the U.S. dollar in international trade amid fears of new American sanctions, with the Russian government working on multiple measures to stimulate the use of alternatives to the U.S. currency, The Financial Times reports.
The idea of...
U.S. sanctions on major Russian aluminum producer Rusal would probably be lifted, but bilateral relations between the countries could remain strained for years, analysts speaking to S&P Global Platts have said.
BakerHostetler's Kerry Scarlott said he saw signs that the U.S. Treasury Department was moving toward an agreement with Rusal.
"I...
Russia’s sovereign wealth fund, the Direct Investment Fund, commonly known as RDIF, which has reserved capital amounting to $10 billion, has been increasing its footprints in India steadily eyeing to boost infrastructure funding, The Economic Times reports.
In an interview, Kirill Dmitriev, RDIF’s CEO, told the news outlet that the...
The growth rate of the global economy will decelerate from 3.7% last year to 3.2% by 2024, Russia’s Economic Development Ministry has said, according to Izvestya.
The macroeconomic forecast has been submitted to the State Duma (the lower house of parliament) this week. The United States, Britain, China and Japan...
Russia's standards regulatory agency said on Monday it had been informed about the recall of 144,856 Mitsubishi cars sold between December 2012 and September 2016, Euronews reports.
The cars were recalled because of a possible reduction in the effectiveness of the parking brake, the agency said. The recall concerned Mitsubishi's...
Sberbank, Russia’s biggest bank, has shrugged off concerns about both Brexit and sanctions by committing $104 million in the second half of this year to its loss-making London investment bank, IntelliNews reports.
According to annual filings made by the bank on September 28 with UK Companies House, the money was...
This Monday, the United States Commerce Department has included Estonia-based companies Eastline Technologies and Adamir along with Moscow-based Real Components on a blacklist over alleged deliveries of U.S. electronic components that are prohibited for export to Russia, according to TASS news agency.
As companies and individuals connected to Russia...
Russian tycoon of Uzbek origin Alisher Usmanov has talked about his plans to invest in projects in his home country in an interview with the Russia 1 TV channel, mentioning possible moves into Uzbekistan’s metallurgy sector.
"I will help only in business. The companies I own, where I am...
A summit of members states of the Commonwealth of Independent States (CIS) in the former Soviet republic of Tajikistan, Dushanbe, has pledged to strengthen cooperation on all fronts, discussed widening mutual settlements in national currencies and maximizing the potential of a free trade zone, Izvestya reports.
"The Commonwealth is...
Ticket sales revenue for the Formula 1 Russian Grand Prix in Sochi have risen by 72% compared to 2017, while 97% of the tickets issued were sold, the country’s Deputy Prime Minister Dmitry Kozak has told reporters, according to Kommersant.
"The promoter fulfilled the ticket selling campaign in full. A...
