Foreign investments in Moscow, the Russian capital, reached $280 billion, with the largest amount of investment in the Russian capital coming from European countries, a local government official has said, TASS reports.
Germany, France, and Italy were the three biggest investors in the economy of Moscow, while the world’s second-biggest economy...
Russian products may fill in the place held by U.S. goods in the Chinese market after Washington and Beijing plunged into a trade war, imposing mutual import duties, Russian Industry and Trade Minister Denis Manturov said on Wednesday, according to Rambler.
Speaking in an interview with the NTV Channel, Manturov...
The number of Russians who choose cashless payments for goods and services has increased eightfold since 2013, reaching 40%, Izvestya reported, citing the results of a survey conducted by the NAFI Research Center.
The results show that about one-third of Russians use smartphones for their purchases. Consumers see cashless payments...
Leaders of the BRICS emerging economies -- Brazil, Russia, India, China and South Africa – have gathered in Johannesburg on Wednesday for a three-day meeting focused on the threat of a U.S.-led global trade war, The Sentinel reports.
China's President Xi Jinping, Russian President Vladimir Putin, Indian Prime Minister Narendra...
Sixty miners working at Russia’s Darasunsky mine in the Trans-Baikal Region have declared a hunger strike, DW in Russian reports citing the Press Secretary of the Russian Investigative Committee Yegor Markov.
Earlier, the regional Prosecutor General’s Office said that 90 employees of the mine had refused to work, with...
The Shanghai-based New Development Bank, established by the BRICS states (Brazil, Russia, India, China and South Africa), will finance five projects in Russia, Russian presidential aide Yuri Ushakov said on Tuesday.
"At the moment, the bank approved 21 projects totaling more than $5 billion. Five of these projects will be...
The Bank of Russia has bought almost 106 tons of gold in the first half of this year, which increased the country’s overall international reserves to more than 2,000 tonnes, Rossiyskaya Gazeta reports.
According to the newspaper, if the central bank continues buying gold at this pace, Russia’s reserves...
Uzbek-born Russian oligarch Alisher Usmanov is considering a sale of his 30% stake in English football club Arsenal, Reuters reported on Tuesday, citing the Financial Times.
In May last year, Usmanov, who is the club's second-largest shareholder, made a $1.3 billion offer to buy out his rival, majority shareholder Stan...
A grand restructuring of Rusia’s seafood sector is underway, with massive investments in infrastructure and overhauling fisheries laws joining efforts to boost domestic and overseas markets for its products, Seafood Source reports.
Russia’s government is pouring resources into reviving and invigorating all aspects of its fisheries economy, the report says.
In...
A project aimed at promoting the export of locally made products was launched by the Russian Export Center (REC) and the Economic Development Ministry, according to a statement from the ministry.
"As part of the implementation of the national project on improving labor efficiency and maintaining employment, the Russian Economic...
