The Council of the European Union has announced the extension of anti-Russian sanctions until February 2019, EU News reports. The previous restrictions expired in July.
“This decision follows an update from President Macron and Chancellor Merkel to the European Council of 28-29 June 2018 on the state of implementation of the...
Russia’s largest bank, Sberbank, possesses 47% of the shares of fallen Croatian food and retail company Agrokor, it was announced on Wednesday after a grand meeting of Agrokor’s creditors approved a settlement of its debts and the company’s takeover by its creditors.
According to Total Croatia News, Sberbank’s Maxim Poletayev...
Legions of migrant workers from Central Asia have helped Russia to smoothly run the soccer World Cup – from builders who built the stadiums and keep them running to staff concession stands and workers who clean up after fans revelling through city streets, The Washington Post reports.
Menial jobs across...
R-Pharm, one of Russia’s leading drug makers, together with American company biopharmaceuticals company AbbVie, have won a state tender for the supply of one of the most sought after anti-HIV drugs – Kaletra (lopinavir plus ritonavir), the company and the Russian Ministry of Health said, according to Kommersant.
The total...
Italian manufacturer of clothes and perfumes Gucci announced plans to open its Russia’s first monobrand outlet located in the Moscow region, Kommersant reported on Wednesday.
According to the report, the new store will be located in a building that is currently under construction at Novorizhskoe highway, at the Novaya Riga Outlet...
Russia’s oldest tour operator Natalie Tours faced liquidity problems a few weeks ago, the company’s president Vladimir Vorobyov said, according to RIA news agency.
Vorobyov said the company lacks funds to settle with its partners.
"A few weeks ago we faced a crisis with liquidity, when the company became short of its own...
American global food processing and commodities trading corporation Archer Daniels Midland Company (ADM) and Russia-based Aston Foods have successfully received all required regulatory approvals and launched their 50-50 joint venture to provide sweeteners and starches to customers in Russia, Food Business News reports.
Aston is one of Russia’s largest agricultural and...
American sports equipment giant Nike looks on track to defeat archrival Adidas in the closely watched jersey sponsorship battle at Russia’s soccer World Cup, Reuters reports.
The sides in the quarter-finals most favored by betting websites to win the World Cup: Brazil, France and England, plus Croatia, all wear outfits...
A Majority of Russian lawmakers on Tuesday voted for a proposal to raise value-added tax to 20% in a preliminary vote, Vesti.ru reported.
The proposal is part of an unpopular budget package designed to consolidate government finances, which has already hurt President Vladimir Putin's approval rating.
The government is looking for...
