Gold lifted off an early six-month low and went slightly up on Thursday, as the U.S. dollar fell from an 11-month high, with traders saying they heard Russia had been increased its bullion purchases, Reuters reported.
Spot gold was up 0.2 percent at $1,265.4 an ounce at 1501 GMT but...
In what is seen as a blow to Russian intellectual freedom, the Federal Education and Science Supervision Agency has revoked the accreditation of the Moscow School of Social and Economic Sciences, also known as “Shaninka” — a Russian-British higher education institution founded in 1995.
According to TASS news agency, in a...
The Bank of Russia announced it will appoint VTB Capital strategist Alexei Zabotkin as the head of its monetary policy department in August to replace Igor Dmitriev, who decided to leave the bank, Reuters reported.
Dmitriev served as the head of the monetary policy department for five years before he decided...
Soccer fans in Moscow and other cities hosting the FIFA World Cup are facing a beer shortage as high demand has caught suppliers by surprise, Euronews reported.
"We just didn't think they would only want beer," a waiter at an upmarket restaurant in the Russian capital told Reuters, asking not to...
Official data published on Wednesday showed Russia’s economic recovery continued in May as retail sales kept on rising while unemployment levels reached record lows, Reuters reported.
After two years of contraction caused by a rapid drop in oil prices and sanctions that the West imposed on Russia in 2014 for...
The soccer World Cup being held in Russia will mark the beginning of a “new chapter” in the country’s economic development, says prominent economist and publicist Mikhail Delyagin.
“If you look at small business expenses, what was invested in stadiums and infrastructure and how much beer will be drunk in...
The expansion of U.S. sanctions against Russian in April hasn’t had any substantial impact on the economic activity in the country, a recent report by the Bank of Russia says.
According to Izvestya, the central bank report said that as many as 70% of Russian companies have felt no effects...
Russia has decided to take part in the global trade war, which is gradually gaining momentum, Kommersant reports. Taking cues from China and the European Union, Russia will raise tariffs on imported U.S. goods in response to Washington’s protective measures concerning steel and aluminum supplies, Economic Development Minister Maxim Oreshkin...
Russia's economy minister has said Moscow will retaliate against the United States for tariffs it imposed on imports of steel and aluminum, Economic Development Minister Maksim Oreshkin said according to TASS.
In a statement on Tuesday, Oreshkin said additional tariffs will hit a range of U.S. imports to Russia.
"Russia is...
The Russian government has another plan to reduce the duty-free threshold for purchases of goods from foreign online stores, Kommersant reports. According to the newspaper, the reduction from 1,000 euro to 500 euro per month is postponed for half a year, until January 1, 2019.
There are no precise estimates of...
