A tougher monetary policy in Russia will be necessary to limit the effect of a recent VAT (value-added tax) hike and keep inflation at the level of around 4%, the Bank of Russia has said, according to Banki.ru.
"The decline of annual inflation will be slower during the year due...
Just as other western companies curtail their presence in Russia, American mixed martial arts promotion company Ultimate Fighting Championship (UFC) is betting on Russian growth in the former Soviet state, ESPN reports.
UFC executives are in Moscow this weekend to host their first live fight in the country as New...
A dispute between Ukraine and Russia over $3 billion in unpaid Ukrainian bonds is set to go to a full trial, a London appeals court ruled Friday, finding allegations that Russian aggression against its neighbor voided the loan must be tested in court, TASS news agency reports.
The decision in...
The board of directors of Russia’s Central Bank has raised the key rate from 7.5% to 7.25% amid increasing inflationary risks, Gazeta reports.
"Changes in external conditions observed since the previous meeting of the board of directors have significantly increased pro-inflationary risks," the regulator said in a statement. Previously, the...
Russia and India are on track to bring the trade turnover to $30 billion in coming years, Russia’s Deputy Prime Minister Yury Borisov said at a meeting with India’s External Affairs Minister Sushma Swaraj in Moscow, according to TASS.
"Over the past years bilateral trade has reached solid growth rates,...
The U.S. Treasury Department is considering the possibility of introducing sanctions against Russian aircraft producer Sukhoi if information that its planes may have been used in Syrian chemical attacks is confirmed, the U.S. Assistant Secretary for Terrorist Financing Marshall Billingslea stated on Thursday during a Congressional session.
According to the Wall...
The United States Treasury Department on Thursday announced sanctions against two Russian and Chinese technology firms Washington said are front companies for North Korea generating illicit revenues for Pyongyang’s weapons programs, Reuters reports.
The Treasury said China-based Yanbian Silverstar Network Technology Co. Ltd. and a sister company set up in Vladivostok,...
The Central Bank of Russia has successfully held experimental ICO within the framework of its testing platform also known as a sandbox, BCFocus reports citing TASS news agency.
Speaking at the Eastern Economic Forum, Ivan Semagin, the deputy director of the Bank of Russia’s Development Department for Financial Markets, said...
The European Union decided on Thursday to extend sanctions against Russian and Ukrainian individuals who undermined the independence of Ukraine for another six months, a statement for the EU Council said according to Reuters.
The measures consist of asset freezes and travel restrictions for 155 persons and 44 companies.
"An assessment of...
Russia’s state-run manufacturing and technology company Rostec is gearing up to enter the blockchain sphere by working with open source blockchain platform Waves, CoinDesk reports.
The manufacturing giant is tying up with the Waves platform to create a blockchain structure to help streamline the massive amount of data on its...















