Russia’s sovereign wealth fund, the RDIF, aims to attract over 7 trillion roubles ($110 billion) from its global partners into infrastructure and technologies, part of its contribution to President Vladimir Putin’s move to boost the economy, Business Times reports.
Putin said in May he wants to make upgrading Russia’s often...
Chinese companies are spending more than twice the amount that their U.S. counterparts are willing to spend in ad dollars for the soccer World Cup - $835 million – a recent report by Yicai said.
Chinese sponsors have increased in number to seven from only one four years ago and now spread...
Moscow’s revamped stock exchange market is seeing more and more companies listing in Russia’s capital instead of their traditional base in London, after a company under U.S. sanctions had a bad experience earlier this year, Bloomberg reports.
The trend, which was originally spurred by local trading reforms, started last year:...
Ukraine imported 31% more Russian goods in the first quarter year-on-year, despite tensions and hostilities between the two countries, says a report on the geographical structure of foreign trade in January-April by Ukraine’s State Statistics Service.
According to Ukrinform, the Russian imports figure for the quarter reached $256.3 million, an...
German bankers, engineers, traders and makers of machines and trains would suffer the biggest damages if tensions between the West and Russia escalate further, Handelsblatt reports.
Many German firms’ sales and trade rely on Russia, while the Western European country serves as a transfer country for Russian oil and gas. In...
The government will use additional funds raised through increasing the VAT (value-added tax) on social needs and improvement of public services, Russia’s First Deputy Prime Minister and Finance Minister Anton Siluanov said Saturday.
On Thursday, the Russian government submitted a draft law on raising VAT (value-added tax) from 18% to...
Italian bank Intesa will continue working with Russian companies under sanctions, but without violating the restrictive measures imposed on them by the United States, the Chairman of Intesa’s Supervisory Board Antonio Fallico said.
"We are an international company and we are forced to comply with the sanctions regime, but we...
Russian central bank’s Governor Elvira Nabiullina said the soccer World Cup, which the country is hosting, will support economic growth while its impact on domestic inflation will be minimal, Vedomosti reported.
Nabiullina also told a media briefing she could not rule out an increase in external risks and considered the...
Visitors from Arab countries are coming to Russia in large numbers ahead of the long weekend, with thecelebration marking the end of the Holy Month of Ramadan coinciding with the opening of the month-long FIFA World Cup.
According to leading airline and hotel search platforms such as Wego and Sky...
