French ride-sharing startup BlaBlaCar said on Tuesday its Russian business has overtaken the company’s France operation and is now its biggest market, Reuters reported.
According to the company, the growth was driven by long distances between Russian cities and a culture of giving lifts to strangers, the company’s co-founder and CEO...
Panic among foreign investors over the latest U.S. sanctions against an array of Russian companies did not last for long, Izvestya reports citing official data that shows over 60% of Russian assets sold in April have already been bought again by foreign investors.
In early April, foreign investors engaged in a...
Swiss banks have reportedly frozen $1 billion in the accounts of Russian metals tycoon Viktor Vekselberg over fears that they may be fined following U.S. sanctions against the businessman, Forbes Russia reported.
Vekselberg, Russia’s ninth richest man with an estimated net worth of $14.4 billion, was one of several Russian businessmen...
Foreign ministers of the world's strongest emerging economies have slammed President Donald Trump’s imposition of import tariffs on goods, The Associated Press reported.
At their meeting in Pretoria preparing for the summit of leaders from Brazil, Russia, India, China and South Africa (BRICS) in July, they carefully avoided naming the...
The Bank of Russia expects that the "clean-up" of the Russian banking sector will end soon, Central Bank head Elvira Nabiullina said on Monday in Parliament.
"We expect that our measures for improvement of regulatory supervision quality in the banking sector will make it possible to complete the market cleaning...
Global payments giant Visa, a long-standing top-tier FIFA partner, says it’s not concerned about the geopolitical events surrounding Russia ahead of the soccer World Cup. A senior company representative has shrugged off concerns about the host nation, claiming people simply “use these events as a platform to express opinions”.
Speaking...
Russian energy group EN+ has confirmed the resignation of its president Maxim Sokov as it attempts to placate U.S. authorities and avoid sanctions, Kommersant reported.
The U.S. unveiled a raft of sanctions on Russia-linked companies in April this year, in response to the country’s alignment with Syria and the poisoning of former spy...
German retailer Metro hopes to turn around its struggling Russian business soon, the company’s chief executive said on Monday, according to Reuters.
Speaking at an event in Berlin to promote Metro's cooperation with start-ups, Olaf Koch described the problems in Russia as "a bit of a hiccup".
“I am very optimistic...
A new set of measures aimed at changing and improving Russia’s business climate is being drawn up by the country’s Economic Development Ministry, RBC reported citing sources.
The plan dubbed ‘The Transformation of the Business Climate’ contains 14 areas, including property rights protection, taxes, human capital and labor productivity, business activity,...
Russia’s state-owned companies will transfer less money for dividends to the federal budget in 2018, which will create a $692 shortfall in revenues, RBC reported quoting a report compiled by the Russian Accounts Chamber for a bill on amendments to the 2018 budget.
The report says the number of dividend payments to the...
