The 2018 FIFA World Cup contributed more than 850 billion rubles ($13.5 billion) to Russia’s GDP, Maya Lomidze, executive director of the Association of Tour Operators of Russia said on Wednesday at a press conference.
"The total contribution into GDP was about 1%, 850 billion rubles ($13.5 billion). According to...
The profits of Russian banks fell 17.7% in the first six months of 2018 compared to the same period last year, hitting a combined 634 billion rubles (or around $10 billion). Bank profits for June reached 107 billion rubles ($1.7 million), the Central Bank of Russia reported this week.
The profitability of...
There are no plans to create a special taxation plan for miners and owners of cryptocurrencies as of now, Chairman of the Russian State Duma’s (lower house) Financial Markets Committee Anatoly Aksakov told the Izvestya newspaper.
Currently, a separate working group in the Duma is drawing up amendments for the...
A French government agency responsible for fostering export growth and promoting the nation’s image as a business-oriented country may hold a tender on promoting its interests in Russia in the autumn, Kommersant writes citing a French diplomatic source.
"The terms of the bid have not yet been unveiled, though one...
Ultimate Fighting Championship (UFC), a U.S.-based worldwide mixed martial arts organization, has set up a subsidiary in Russia, in partnership with the Russia-China Investment Fund (RCIF, established by the Russian Direct Investment Fund and China Investment Corporation) and UAE's Mubadala, RBC reported on Wednesday.
The newly established company will be...
An agreement reached between Russian President Vladimir Putin and his U.S. counterpart Donald Trump on the business front may go forward, the head of the Kremlin-backed Russian Direct Investment Fund has said, according to Bloomberg.
Kirill Dmitriev, a person close to Putin who heads the sovereign wealth fund sanctioned by the...
A group of visitors from Latin America are suspected of stealing $2.1-million worth of diamonds in the Russian World Cup host city of Kazan, Tatarstan’s Business Online news portal reported.
A bag of diamonds belonging to a jewelry company from Russia’s Far East disappeared on the closing day of Kazan’s...
Megafon, Russia’s second-largest mobile phone operator, said on Monday it plans to delist from London shortly after completion of a $1.3 billion buyout of minority shareholders, Bloomberg reports.
The company, controlled by the USM Group of Russian tycoon Alisher Usmanov, is the latest Russian firm to delist from London, following similar moves...
India has expressed its willingness join the World Trade Organization (WTO) dispute consultation requested by Russia as a third party against the U.S. decision to impose high duties on steel and aluminum imports, Economic Times reports.
In a letter to the WTO, India has stated that it has substantial trade interests...
France is closing its trade mission in Russia because of worsening conditions imposed upon the service by the Russian government, the country’s embassy in Moscow has said, according to Russian news outlet Meduza.
"Operating conditions for Business France in Russia deteriorated considerably" in recent months, including the seizure of the...
