Russian Prime Minister Dmitry Medvedev has signed a decree on approval of a competition development roadmap in branches of the economy and transition of individual spheres of natural monopolies to a competitive market condition, TASS news agency reported.
The document designed for 2018-2020 sets forth performance indicators, actions, and expected deliverables,...
Anglo-Australian mining conglomerate Rio Tinto has hired a law firm, Covington & Burling, to lobby on sanctions against Russia affecting the company, a disclosure filing reveals, according to Politico.
Back in April, Rio Tinto said that it was “reviewing arrangements” with parts of its far-flung operations affected by new U.S. sanctions on...
The issue of possible introduction of windfall profits tax for Russian mining and chemical industries is yet unresolved and is under discussion, Kremlin spokesman Dmitry Peskov told reporters on Friday, according to Banki.
“The position, as it is, is not confirmed yet, it is not formulated as the Kremlin's or...
Russia's second-biggest retail chain, Magnit, announced a like-for-like sales decline across all its divisions, bar its drugstore operation, in the second quarter of its financial year, Kommersant reported.
The company cited low inflation and increased competition as the reasons for the sales decline. According to the group's reviewed half-year...
Russia is vowing to speed up its efforts to stop using the U.S. dollar in global trade, in response to U.S. sanctions, TASS news agency reports.
The move, which is a coordinated effort by Russia, China, and Iran, is particularly aimed at oil sales vital to both Moscow and Tehran.
Russia’s Deputy...
The Russian Central Bank is seeking the right to block websites that are used for financial fraud, without first acquiring judicial approval, Vedomosti reports.
According to a federal official cited by the newspaper, the idea was discussed last week at a conference with Deputy Prime Minister Maxim Akimov. The Central...
Fifteen foreign banks operating in Russia are protesting a new plan proposed by the Russian central bank to reduce the amount of cash the lenders can move abroad from their units located in Russia, American Banker reports.
Russian subsidiaries of banking majors, including Goldman Sachs, Citigroup, Raiffeisen, JPMorgan, Deutsche Bank...
Russia’s Sberbank announced on Thursday a higher than expected 16 percent rise in second-quarter net profit, but the result was outweighed by a drop in share value to the lowest this year, as investors pulled out of Russian assets due to U.S. sanctions risks, Banki.ru reports.
The bank, which is...
The Russian rouble lost value once again on Thursday, after briefly recovering when the central bank suspended daily dollar purchases, Reuters reported.
Just as the ruble slid to its weakest level since April 2016 earlier in the session, the central bank said it was halting the only recently resumed purchases...
The new sanctions against Russia announced by Washington this week did not directly affect operations with state debt, however investors in Russian government debt securities are seriously worried, Nezavisimaya Gazeta writes.
The Russian Finance Ministry had to stop placing new portions of public debt, and at the same time resume...
