Russia’s Uralkali, one of the world’s largest fertilizer companies, has said it is suing the administrator which oversaw the sale of the Formula 1 team Force India for “substantial damages over a flawed sales process,” Autosport.com reports.
The fertilizer giant was one of the bidders to buy Force India...
An unexpected drop in share value stunned the managers and owners of Magnit, Russia’s second-biggest supermarket chain on Monday, following plans to nearly double its number of stores by 2023 as part of efforts to revamp the business, RBK reports.
Magnit’s share was down 4.7 percent in Moscow on Tuesday,...
A rare show of EU solidarity with Russia and China against the United States appeared on Tuesday at the United Nations General Assembly. The development, which follows Washington’s decision to withdraw from the Iran oil deal in May, symbolizes a world-turned-upside-down by U.S. leader Donald Trump's unilateralism, EUObserver writes.
Washington...
The Russian government reportedly plans to invest 1.6 trillion rubles ($24 billion) over the next three years on building infrastructure including new airports and highways, RBC reported.
President Vladimir Putin set ambitious domestic policy goals for his new six-year term following his inauguration in May, with an estimated price...
Russia's Energia Rocket and Space Corporation (RSC Energia) is ready to offer tickets for a lunar tour aboard the Soyuz spacecraft; they will cost between $150 million and $180 million each, RIA news agency reported citing a source in the space industry.
On Tuesday, Elon Musk’s SpaceX said that Japanese...
After a year of negotiations with authorities and the Russian Federal Antimonopoly Service, American oil services giant Schlumberger seems to be on the brink of concluding a milestone Russia deal, which would greatly fortify its standing as the world’s leading oil services company, OilPrice.com reports.
Although Schlumberger’s purchase of EDC,...
UK-based gold miner Orsu Metals told investors it will increase its drill program by between a further 2,000 to 2,500 meters at its key Sergeevskoe gold project in Russia, Proactive Investors reports. The company said the move was prompted by the "excellent" results seen so far at the site,...
The United States Department of Commerce has imposed restrictions on 12 Russian corporations that are “acting contrary to the national security or foreign policy interests of the U.S.,” Unian reports.
An official document, set to outline the measures, will be published on Wednesday, the department said. American corporations will be...
The head of Russia’s Federal Antimonopoly Service Igor Artemyev has used harsh words to describe the state of the country’s economy, Kommersant reports.
In an interview with the business newspaper, Artemyev said, “In many ways, it remains backward, semi-feudal, and especially in the underdeveloped regions there’s not even a whiff...
Russia’s economic growth will be affected by U.S. sanctions, but the country’s investment-grade rating is unlikely to change in the short term, the head of Fitch Ratings Sovereigns group said on Tuesday, according to Reuters.
Risks of sanctions that could target new Russian government debt have been present for around...
