The Kiev Court of Appeal has ruled to seize the shares of three Russian banks, owned by their Ukrainian subsidiaries, Kommersant reported on Wednesday citing local media.
The shares belonging to Ukrainian branches of Russia’s state-owned Sberbank, Prominvestbank and VTB Bank are being seized at the request of a...
Western sanctions on Russia -- imposed in response to the Kremlin's annexation of Crimea in 2014 have had a “much more moderate impact than those who imposed them intended,” according to the author of a new book, Russia's Response to Sanctions, Forbes reports.
Dr. Richard Connolly, Director of the Centre...
Russia’s Far East should become an economic, industrial center with strong export potential, President Vladimir Putin said on Wednesday at the Eastern Economic Forum (EEF) in Vladivostok, according to Vesti.ru.
In order for this to happen, the region needs entrepreneurial energy and conditions for growth of small and medium-sized businesses, Putin...
Many Russian automotive manufacturers are increasingly switching to using national currencies, rather than the U.S. dollar, to pay for imported components in a move prompted by recent U.S. sanctions on Russia, the country’s Trade and Industry Minister Denis Manturov has said.
So far, trade with Turkey is the main...
Russian Deputy Foreign Minister Sergei Ryabkov has said that his country and the European Union have outlined a joint action plan to resist the United States’ sanctions over Iran.
"We have outlined a set of measures to be discussed with the Europeans," he said. "Plus, our internal efforts are needed...
Russia’s Economic Development Minister Maksim Oreshkin said the current depreciation of the ruble is a good opportunity for Russian investors to ditch the U.S. dollar and invest in the Russian currency, RT reports.
Since July, the ruble has lost 12 percent of its value against the greenback. On Monday, the...
The fourth Eastern Economic Forum (EEF) is opening in Russia’s Far Eastern city of Vladivostok on Tuesday. According to Russian officials, deals worth 3.5 trillion rubles ($50 billion) will be signed during the three-day event, Izvestya reported.
The event, focused on Russia’s economic ties with Asia, will bring together more...
Russia’s largest integrated petrochemical company Sibur has begun talks with banks about a possible initial public offering, Interfax news agency reported on Tuesday citing a statement by Sibur's CEO Dmitry Konov.
Sibur could list shares on the Moscow Exchange and later consider other international bourses, Konov was quoted by CNBC as saying. The CEO said Sibur could...
Russian and Chinese businesses are considering 73 joint investment projects cumulatively worth more than $100 billion ahead of a meeting between presidents Vladimir Putin and Xi Jinping this week, ABC news reports.
Cooperation between China and Russia has intensified as both nations try to achieve economic stability despite the pain of...
