European Union leaders agreed at a summit on Friday to extend punishing economic sanctions against Russia over the conflict in Ukraine for a further six months, the bloc said, according to TASS.
"EU leaders agreed to extend economic sanctions against Russia for 6 months," the European Council, which groups the...
Next year’s expected VAT (value-added tax) rate increase will slow Russia’s economic growth from 1.9% in 2018 to 1.4% in 2019, while investment and real wage growth will drop from 3.5% and 6.3% to 3.1% and 1%, respectively, Vedomosti reported citing an outlook by the country’s Economic Development.
The adjusted macroeconomic...
Russia outpaced China, India and the U.S. in terms of the number of trade and investment restrictions against EU companies in 2017, according to the EU Commission’s annual report on Trade and Investment Barriers.
According to RBC, the report analyzes restrictions related to services, investments, public procurements and intellectual property...
For FIFA, soccer’s global governing body organizing the ongoing World Cup in Russia, sponsorship accounts for the biggest income stream after TV rights sales. The total worth of sponsorship reached $1.6 billion for the 2014 World Cup in Brazil. However, the likes of Castrol, Continental, Emirates, Johnson & Johnson, and...
European leaders are widely expected to maintain Ukraine-related sanctions against Russia at this week’s European Council summit in Brussels, despite disagreement among some member states, Reuters reports.
With Italy’s newly formed populist government looking at improving ties with Russia and U.S. President Donald Trump reportedly preparing to meet with Russian President Vladimir...
Russia plans to take retaliatory measures against the United States’ import duties on steel and aluminum, Prime Minister Dmitry Medvedev said on Wednesday, Vedomosti reported.
Medvedev said that the U.S. tariffs, imposed by president Donald Trump’s administration this spring, are "discriminatory" in nature and "cannot remain without consequences."
"The countries of the...
The Russian economy’s growth in 2018 will reach 2.1% while real wages will grow by 6.3%, Finance Minister Anton Siluanov said on Wednesday, according to TASS.
"We see that inflation is falling compared to the planned figures. We planned 4%, in the draft amendments, in the forecast we take into...
Mark Garber, an independent non-executive director of Russia's aluminum producer Rusal, has resigned from his position with effect from June 28, 2018, "due to other business commitments," the Russian company said in a statement on Tuesday.
"Garber confirms that he does not have any disagreement with the board of directors and that...
The Russian Ministry of Economic Development plans to submit a proposal to the government in the near future to abolish fines for big business for first-time misdemeanor violations, the Ministry’s press service told Izvestya.
According to the newspaper, instead of fines, large enterprises will get a warning the first time they...
A planned “bad bank” rescue by the Russian central bank may need another 100 billion rubles ($1.6 billion), adding to the more than $40 billion already spent on three banking bailouts, two sources familiar with discussions told Reuters.
Otkritie, once the country’s largest private lender, was one of three of...
