Capital outflow from funds focusing on Russia’s stock market fell sharply in July, with analysts attributing the trend to foreign investors’ hopes about a thaw in Russian-U.S. relations after the Helsinki summit between Russian President Vladimir Putin and his U.S. counterpart Donald Trump, Kommersant reports.
The figure slowed down, reaching nearly...
The last remaining Western hotel chain in Crimea, the Ukrainian region annexed by Russia in 2014, has left the peninsula because of sanctions imposed on Moscow, Reuters reports.
The hotel is still running but branding identifying it as a Best Western hotel has been removed from the building and is now...
Russia on Sunday started imposing additional import tariffs of 25-40 percent for a range of U.S. goods, the government said, according to Gazeta.ru.
According to the order signed by Prime Minister Dmitry Medvedev, Russia has officially imposed a tariff of 25% to 40% on some goods imported from the United States since...
Russia's aluminum giant Rusal reported on Monday a double increase in its net profit in the second quarter of 2018 under the International Financial Reporting Standards (IFRS), totaling $440 million, Reuters reports.
At the same time, the company also managed to ramp up its output of aluminum by 2.1 percent to 1.88 million tonnes (2,06 million...
The U.S. Treasury has targeted a Russian bank for "facilitating a significant transaction" on behalf of a person with ties to North Korea’s banned weapons program, the department said on Friday, according to The Wall Street Journal.
The Treasury's Office of Foreign Assets Control (OFAC) said that it was adding...
The number of children under 16 in Russia who live below the poverty level has dramatically increased in the last decade, and today a third of all the people classified as poor in the country are children, Nezavisimaya Gazeta reports.
According to the report, this situation is a direct result...
Russia is allowing thousands of North Korean laborers into the country and giving them new work permits in what U.S. officials say appear to be violations of UN sanctions, The Wall Street Journal reported on August 2.
Over 10,000 new North Korean workers have registered in Russia since September, the paper...
Kazakhstan-based copper producer KAZ Minerals has signed a contract to acquire the Baimskaya project in Russia’s Chukotka autonomous region for $900 million in cash and shares, the company said in a message, according to Kommersant.
The amount includes an initial payment of $675 million and a deferred payment of $225 million....
The European Bank for Reconstruction and Development (EBRD) has closed six out of its seven branches in Russia, leaving just one central office in Moscow, the international financial institution’s press service told Izvestya.
This decision is in connection with the gradual suspension of the organization’s work in Russia and the...
As the ongoing trade tensions between Beijing and Washington is heating up, the expected resulting slowdown in the global economy could draw the recovering Russian economy back into another crisis, experts told Nezavisimaya Gazeta.
After Washington imposed tariffs on Chinese goods in early June, Beijing retaliated with its own measures against...
