Stocks by Russian companies on the Moscow Exchange were down at the close of trade on Wednesday, while analysts predicted the stock market could hit record highs later this year.
According to Investing, losses in the Mining, Oil & Gas and Manufacturing sectors led Russian shares lower, with the MOEX...
Hosting the soccer World Cup will not bring significant economic benefit for Russia, with positive impact expected only in the short term, credit rating agency Moody’s said on Thursday, according to Kommersant.
“We see very limited economic impact at the national level given the limited duration of the World Cup...
Russia and India have completed negotiations on a $6 billion deal for a supply of S-400 air defense missile systems, which could complicate Delhi’s relations with Washington, RIA Novosti news agency reported Wednesday.
The report said parties are now working on ways to bypass U.S. sanctions against countries and companies cooperating with Russia.
The chairman of...
Sweden's State Secretary to the Minister for EU Affairs and Trade Oscar Stenstrom has said that even though Stockholm is committed to the European Union’s sanctions policy regarding Moscow, it plans to expand cooperation with Russian citizens and businesses.
"Trade brings people together and triggers economic growth. Around 500 Swedish...
Gazprom, the state-backed Russian energy producer, reported an 11% rise in its income in the first quarter of the year, to 371.6 billion rubles ($6 billion), thanks to higher gas prices and sales volumes, beating analysts’ expectations, Reuters reported.
The company plans to further strengthen its exposure to Europe this year, reaching...
Russia’s State development bank VEB should serve as the main vehicle to implement a Presidential decree outlining economic goals for Vladimir Putin’s new mandate as president, Russian Prime Minister Dmitry Medvedev said on Tuesday, according to Izvestya.
Earlier this month, Putin set the government a series of ambitious economic goals...
Russian businessman Oleg Deripaska may have to break off an agreement between Rusal shareholders, as the move was requested by the U.S. authorities as a condition to lift sanctions on the major aluminum producer, Vedomosti reported citing sources.
Dropping the agreement is the only way out of the current situation, the...
Russia imported almost 67,000 finished vehicles during the first quarter 2018, up by just under 50% compared to the same time last year, data from the country’s Federal Customs Service shows. Imports over the time frame reached $1.65 billion, the data reveals.
This is the first time in a decade that the share of...
Russian billionaire Roman Abramovich has been granted Israeli citizenship and will move to Tel Aviv, an Israeli government spokesperson has said, according to the BBC.
Immigration officials told the news outlet that he was interviewed last week at the Israeli embassy in Moscow. Abramovich had previously faced delays in renewing his...
A total of 245 Russian citizens and 439 legal entities are currently under U.S. sanctions, a senior official from the Russian Foreign Ministry said Monday, according to NTV.
Since 2011, the United States has imposed 52 rounds of sanctions on Russia, Georgy Borisenko, director of the North American Department of...
