Despite early defeats by teams sponsored by Adidas at this year’s World Cup in Russia, the german sports equipment manufacturer Adidas received a substantial boost from the tournament, The Independent reports.
Teams supported by rival Nike, including winner France and runner-up Croatia, dominated the World Cup. But Adidas still sold...
Russia's GDP in the second quarter of this year increased by 1.8% compared to the second quarter of 2017, after leveling inflationary changes in the value of goods and services, state statistical service Rosstat said.
The state statistics match projections set by a preliminary assessment by the Ministry of...
The fourth annual Russian-British Business Forum will be held in London in November amid an increase of trade turnover between the two countries by one third, Boris Abramov, Russia’s trade representative in the UK told RIA news agency.
"Since the end of 2016, the growth in trade turnover has been observed...
Sanctions planned by Washington against Moscow over the nerve-agent attack of a former spy living in Britain could be treated as a declaration of an economic war, Russia's Prime Minister Dmitry Medvedev warned on Friday, according to USA Today.
Medvedev was speaking during a trip to Russia’s Kamchatka region.
"I would...
The Russian government is considering bolstering the state budget by raising more revenue from metal and mining companies that are earning windfall profits, according to proposals seen by Reuters.
Additional budget revenues are needed to help pay for Putin’s promises to boost spending after his re-election this spring, according to the...
A high ranking official of the U.S. State Department said on Thursday the United States will not impose direct sanctions against Russian airline company Aeroflot, TASS reports.
The statement comes after a provision calling for sanctions against the Russian flagship carrier was included in a bill being prepared in Congress.
The...
Russia’s large companies in state ownership should be privatized in sectors where state-owned firms generate less than one third of the proceeds, economists from the Russian Presidential Academy of National Economy and Public Administration (RANEPA), say in a new study.
The state should gradually reduce their share in sectors where...
The export of non resource-based, non-energy exports in Russia soared 23% to $70 billion in the first half of this year, the head of the Russian Export Center Andrey Slepnev told the Izvestya newspaper.
The positive dynamic has been developing for the 20th month in a row, he said, adding...
A United States ban on flights by Russian state airline Aeroflot to America would definitely trigger a response from Moscow, which has enough power to respond accordingly, a Russian lawmaker has said, according to RIA news agency.
“We can’t allow our company to get squeezed from the market. We can’t...
The United States Department of State said on Wednesday it would impose new sanctions by the end of August after determining that Moscow used a nerve agent against a former Russian double agent, Sergei Skripal, and his daughter, Yulia, in Britain, BBC reports. It was an allegation Russia has...
