Russian businessman and owner of investment company and real estate group O1, Boris Mints moved to London with his three sons and their families amid court disputes in Russia that, could see cost him a large part of his wealth, Vedomosti reported citing a source close to the businessman.
The reasons...
Mortgage loans issued by Russian banks in the first quarter of 2018 grew by 60%, and in monetary terms - by 80%, the head of state company Dom.rf Alexander Plutnik said.
The official added that according to available data, in April the volume of issued mortgage loans was 1.7 times...
Russia’s government may be forced to raise its Value Added Tax (VAT) from 18% to 20% to help fund an ambitious economic plan recently outlined by President Vladimir Putin, the Vedomosti business daily wrote quoting federal officials.
According to the report, Prime Minister Dmitry Medvedev has promised to find an extra...
One of Turkey's largest construction companies, Ronesans Holding, has signed four agreements for projects in Russia worth more than $2 billion, the Turkish holding announced over the weekend, according to Anadolu agency.
The conglomerate signed agreements for projects of the Amur Gas Processing Plant, Administrative Divisions of Moscow and Trams in...
The companies sponsoring the 2018 FIFA World Cup in Russia say they expect the major soccer event to help them develop their businesses in the country and abroad, Vedomosti reports.
The FIFA World Cup is scheduled to be held between June 14 and July 15 in 11 Russian cities. FIFA, the world...
The creation of joint India-Russia ventures to participate in tenders in third countries and a summit which would bring together the leaders of the world’s top 100 companies were among the new forms of economic cooperation agreed between the two countries at the St. Petersburg International Economic Forum this...
Russia’s biggest bank, Sberbank, is set to pilot an Initial Coin Offering (ICO)on its central bank’s regulatory platform, which was designed to test unregulated tech since its launch last month, NewsBTC reported.
The bank and the National Settlement Depository (NSD) will test the issuance of an ICO, while the issuer...
The Russian subsidiary of Dutch telecom operator Veon expects its business in the country, which is biggest market, to slow in coming quarters as the Russian economy is struggling to gain momentum, Financial One reported.
According to the head of the group’s Russian business, Veon’s cashflow would be hurt as...
Prime Minister Shinzo Abe and Russian President Vladimir Putin were set to meet Saturday in Moscow to talk about bilateral economic cooperation and security issues, The Associated Press reports.
North Korea is also likely to be high on the agenda days after Washington told Pyongyang it will not hold...
Almost two thirds (65%) of American companies operating in Russia consider the country to be a strategic market for their business, while almost a quarter (24%) think of Russia as a key market, a surveyby the American Chamber of Commerce in Russia (AmCham Russia) shows.
According to RIA news...
