The Russian government could soon decide on lowering the value-added tax (VAT) rate on air flights through the Moscow air hub and for bypassing flights, TASS news agency reported on Monday.
"The Ministry continues supporting the steady reduction of VAT for domestic flights, including ones outside the Moscow air...
The Russian government’s new strict rules on film screenings may force many independent film festival organizers in Russia out of business, Polit reports following the adoption of a new bill in the State Duma this week.
Under previous regulations, cinemas with the commercial rights to screen a film were exempt from...
Russia’s central bank left its key interest rate unchanged on Friday as it expects inflation to climb in future due to the planned increase in the value-added tax (VAT), FXStreet reports.
The Bank of Russia’s Board of Directors, meeting for a regular monthly session, decided to keep the key rate...
Russia’s shipping and construction conglomerate Summa Group, which is managing the assets of arrested Russian tycoon Ziyavudin Magomedov, is negotiating the sale of the Nakhodka port with structures close to another oligarch, Dmitry Bosov, Vedomosti business daily reports.
According to four people close to various sides of the negotiations, another...
Two Icelandic companies, Skaginn 3X and Frost hf., will provide processing and freezing solutions and equipment for a fish processing plant in Petropavlovsk in Russia’s Kamchatsky Region, Iceland Monitor reports.
The companies have signed an agreement this week with Russian cooperative Lenin Kolkhoz at the Icelandic embassy in Moscow. The...
The average monthly salary in the Russian crypto industry has dropped by 40 percent from 2017 levels, data released by the recruiting platform hh.ru reveals.
According to Izvestya, the data shows employers are generally paying less for securities analysts, project managers and legal experts – 100,000 rubles ($1,600). PR...
A United States plan aiming at removing sanctions against Russian companies En+ and Rusal implies that their owner Oleg Deripaska will pass their shares to structures and managers approved by the U.S. Treasury Department’s OFAC division, RBC reports.
U.S. Treasury Secretary Steven Mnuchin said last Friday that his agency is...
India could avoid falling under U.S. sanctions over the country buying weapons from Russia, as Washington is setting up an oath for Delhi to escape the measures, Reuters reports citing business leaders and experts.
It has been a year since U.S. President Donald Trump signed a law which penalizes...
The management of Etalon Group, one of Russia's largest residential real estate developers, is looking at buying a stake from the company’s founder Vyacheslav Zarenkov, the company told Reuters on Wednesday.
Sources familiar with the talks had told the news agency that its managers wanted to buy part of the...
