Russia’s economy was in 11th place in the world in 2017 by GDP volume, a World Bank ranking that adjusts GDP for price differences among countries shows, according to Gazeta.ru.
Russia’s economy returned to a growth rate of 1.5 percent in 2017 after two years of decline brought on by Western sanctions...
Russia’s Ministry of Industry and Trade prepared a consolidated list of measures to support exports of goods and services, in order to increase the amount of non-resource exports from $140 billion to $250 billion over the next six years, Kommersant reports.
According to the business newspaper, the Ministry proposed an...
Russian Prime Minister Dmitry Medvedev has urged the government to involve private investors in the resolution of the country’s infrastructural problems, saying that current government funds are not enough in this regard.
"Infrastructural problems need to be settled more actively; they remain one of the main obstacles to investments," Medvedev...
The Russian Association of Business Education (RABE) held its annual summer meeting at Kazan Federal University, gathering a host of experts to discuss the latest trends and challenges in the market, with internationalization being the main topic, Business Because reports.
According to a report from Russia’s Expert Analytical Center,...
Russian President Vladimir Putin has extended a ban on Western food imports for another 18 months after the European Union's decision to prolong its broader, punitive sanctions over Russia's actions in Ukraine.
Putin's Thursday decree keeps the food ban in place until Dec. 31, 2019. It follows the EU's move...
China and Russia are gearing up for broader economic and trade ties that will benefit both countries, and the recently held Russia-China Expo in Yekaterinburg became an important platform for boosting these ties, says Gao Feng, spokesman for the Chinese Ministry of Commerce.
"A forum that took place during the fair...
England and Croatia, two nations waiting years to put right the bitter memories of World Cup semi-final defeats, face each other in Moscow with the chance to finally go one step further.
England's last appearance at this stage was in 1990 when they lost in a penalty shootout to West...
The soccer World Cup held in Russia may boost event-related spending in the country by as much as $5 billion in June and July in areas “like retail sales, paid services, including internet, mobile traffic, as well as domestic travel,” a report by Bank of America Corp. says.
“While it’ll...
Stricter operating conditions for Germany’s Siemens in Russia introduced after the uproar over the supply of gas turbines to Crimea have not seriously affected the revenue of the company in Russia, the President of Siemens Russia and Central Asia Dietrich Moeller told TASS in an interview on Wednesday.
"I would not...
The Russian trade envoy in Stockholm, Alexander Abramov said on Wednesday that discouraged perception of Russia in Sweden impedes trade and economic cooperation between the two countries but the soccer World Cup has kicked off a notable change in this attitude.
According to Regnum news agency, Abramov made the comments on...
