The latest sanctions imposed by Washington against Russian firms and individuals have increased tensions between Russia and the U.S. and has "thoughtlessly stirred up global instability," Russia's Deputy Foreign Minister Sergei Ryabkov has said according to TASS news agency.
Ryabkov made the remarks on Friday, a day after the U.S....
Russian bookmaker BetCity has become the first betting operator to make the annual list of Russia’s top 500 companies, according to Calvinayre.com.
Moscow-based media outlet RBC issued its annual list of the country’s 500 largest companies on Thursday, and Russian bookmaker BetCity just managed to sneak onto the list’s lower rungs, marking the...
The Russian Ministry of Industry and Trade offered to provide Oleg Deripaska’s Russian Machines and GAZ Group support during the sanctions by giving them preferences during bids for government contracts, Kommersant reports.
Two applications by companies being sanctioned would automatically lead to a rejection of the remaining participants in a state...
The world’s largest producer of rough diamonds, Russia’s Alrosa, wants to expand a pilot project to trade with its Chinese and Hong Kong customers in rubles instead of U.S. dollars, The South China Morning Post reports.
Alrosa hopes the move will lower transaction costs in the long run and speed...
The amount of monetary gold in the international reserves of Russia have reached 64.3 million troy ounces (nearly two thousand tons), data from the country’s central bank revealed according to RBK.
The total value of Russia’s gold reserves in September is estimated at $77.26 billion, while in August this...
The U.S. State Department said it was blacklisting nearly three dozen Russian people and companies with ties to military and intelligence agencies, in its latest effort to punish Moscow for “malign activities,” Politico reported.
Among those targeted by the effort, announced on September 20, were the 12 military intelligence...
Russian Sberbank announced Thursday that it completed the acquisition of Vnesheconombank's claim rights on loans to Sheremetyevo International Airport (MASH). The acquisition cost was $537million, according to a report by Reuters.
The loans were taken to finance the construction of Terminal D at Sheremetyevo (SVO), according to Sberbank (MCX: SBER ) and the...
The next six-year cycle in the Russian economy will not be easy, Russian Prime Minister Dmitry Medvedev said at a government meeting Thursday according to the RIA Novosti news agency.
"We must take into account the situation in the resources and financial markets, as well as the possible expansion of...
Russia’s economic growth slowed to 1.0 percent in August from a year earlier, slowing from 1.8 percent in July, the economy ministry said on Thursday according to business daily newspaper Kommersant.
GDP grew by 1.6 percent in the first eight months of the year from the year-earlier period, the...
As the grip of Western sanctions on Russia tightens, global law firms are finding it harder than ever to compete in the Russian legal market that helped create, Law.com reports.
The ever-increasing number of economic measures against Russia, first imposed by the West for Moscow’s annexation of Crimea in 2014,...
