The Finance Ministry has drafted and submitted to the State Duma (lower house) a document containing the main areas of Russia’s budget, tax and customs-tariff policies for 2019 and the planned period of 2020 and 2021, RBC reports.
The document will be discussed at parliamentary hearings later on Monday, the report...
Put off by a massive FIFA corruption scandal, long-time sponsors of the World Cup coming from Western countries have left the global soccer tournament. Chinese companies took their place, but according to FIFA’s Chief Commercial Officer Philippe Le Floc’h, they are by no means just plugging a gap.
From the...
Senior Iranian and Russian officials signed an agreement to expand their banking cooperation and financial relations, Financial Tribune reported.
The cooperation was signed between Vice-Governor of the Central Bank of Iran (CBI) Gholamali Kamyab and his Russian counterpart Dmitry Skoblekin in Tehran on Thursday.
Based on the cooperation pact, the two...
Russian banking giant Sberbank announced on Thursday that it and Google have provided online shops and their clients a new tool for paying for online purchases – Google Pay, Finextra reported.
Sberbank claims it is the first bank in Russia to support online payment of goods and services through Google...
Spending by international visitors to Russia is expected to grow by 7% this year, according to research by the World Travel & Tourism Council (WTTC).
According to the findings, the country’s travel and tourism sector grew by 3.2% in 2017 –supporting 3.3 million jobs (4.5% of total Russian employment), compared...
Russia and the United Arab Emirates (UAE) have agreed to abandon entry visas for each other’s nationals, it was reported.
A visa-free travel agreement was signed at a meeting of the intergovernmental commission in Kazan, according to Vedomosti.
Following the signing ceremony, Russian Minister of Industry and Trade Denis Manturov said...
Russia said Friday it would impose extra duties on some U.S. imports in response to U.S. tariffs on Russian goods, according to Gazeta.ru.
The nation's Economics Ministry said the new tariffs, which would range from 25% to 40%, would be applied to products for which there are Russian substitutes. Among...
Russia is ready to protect its interests amid trade disputes between the United States and China, which may affect certain sectors of the world economy, Kremlin spokesman Dmitry Peskov told reporters.
According to him, the trade tensions between Washington and Beijing will certainly have consequences for specific sectors of the...
Italy’s Prime Minister Giuseppe Conte has invited Rome’s EU and G7 partners to reconsider partially resuming operations by the European Bank for Reconstruction and Development (EBRD) in Russia.
Italian Ambassador to Russia Pasquale Terracciano confirmed that in his letter to Kommersant. It stated that the issue at hand is resuming...
Russia’s former Economy minister Alexey Ulyukayev has appealed a ruling of Moscow’s Zamoskvoretsky District Court to return $2 million that ex-minister received as a bribe to the Federal Security Service (FSB) general, according to the court’s press-service. The appeal will be reviewed later, TASS news agency reported.
The former minister was...
