Troubled Russian pension fund Budushchee said on Wednesday it was in talks to hand control to Riverstretch Trading & Investments (RTI), a company which has already taken on Budushchee’s debt, Vedomosti reports.
The private fund covers more than 5 million people, managing pension funds worth more than 300 billion roubles...
The aviation fuel unit of Russian oil major Gazprom Neft, Gazpromneft-Aero, and Russia’s largest airline S7 Airlines (part of Aeroflot Group) have successfully tested and deployed a blockchain platform allowing instant payments for aircraft refueling services, CCN reports.
As per the official announcement, the two companies are the first...
A court in the Russian republic of Tatarstan has granted a claim filed by the RNGO company seeking to include a 3 billion-ruble ($44 million) debt of the troubled VIM-Avia Airline into the creditors’ demands list.
According to the Russian legal information agency RAPSI, the Tatarstan Commercial Court said that...
Russia’s State Pension Fund is considering the use of blockchain technology to integrate all of its information into a distributed registry and will prepare proposals to integrate all systems into a single platform, CoinTelegraph reports. The fund believes it will cut costs for servicing and storing significant amounts of...
The Ukrainian government has placed cement clinker, a semi-finished material for the production of cement, to the list of goods banned from importing to the country from the Russian Federation, Interfax Ukraine reports.
"The introduction of cement clinkers into the list of goods banned to import into Ukraine from Russia...
The United States has filed a lawsuit against Russia at the World Trade Organization (WTO) for imposing tariffs in retaliation for U.S. duties that targeted Russian steel and aluminum earlier this year, Reuters reports.
The filing, submitted on August 29, said Russia tariffs applied only to U.S. products and...
Six Russian businessmen from the so-called ‘London list’ drawn up by the country’s business ombudsman Boris Titov may return to Russia from abroad by the end of this year, Titov’s public representative lawyer Dmitry Grigoriadi said on Tuesday, according to TASS.
The list includes businessmen who in past years fled...
The Russian marketing consulting market finally returned to growth this year, following three years of sharp retraction, Consultancy.eu reports.
However, risks still exist, and the nation’s consulting sector could still encounter hard times, as consulting fees are often the first place ailing businesses look to make savings when tightening...
Russia’s Industry Minister Denis Manturov said on Tuesday that the government is considering helping U.S. sanctions-hit company Rusal by buying aluminum for its state stocks, Reuters reports.
Rusal, the world’s No.2 aluminum producer, and its owner, billionaire Oleg Deripaska, have been sanctioned by the U.S. Treasury Department since April this year. The...
After a three-month debate and protests across Russia, President Vladimir Putin has announced he has softened a controversial pension reform, saying the retirement age for women should be increased by five years instead of eight, the BBC reports.
The government's proposal to raise the retirement age for men and women...
