The Syrian government will sign a memorandum with Russian companies for a series of deals regarding the reconstruction of the war-torn country, TASS reported.
The memorandum will be signed at the St. Petersburg International Economic Forum, Syria’s Ambassador to Russia Riad Haddad said on Thursday.
“Within this forum, we will be...
Russia needed to improve its economy’s productivity and diversity, the managing director of the International Monetary Fund, said on Thursday.
Speaking at an economic forum in Russia’s second city St Petersburg, Christine Lagarde also said Russia should not change its fiscal rules, adding that investors do not welcome rule changes,...
St. Petersburg, Russia's second largest city, will host the International Economic Forum (SPIEF) between Thursday and Saturday, with business representatives, top politicians and countries' leaders expected to discuss crucial economic issues.
While Russian media portray the annual event, often called the Russian Davos, as a vehicle for a booming economy,...
Russia’s retaliatory measures against U.S. sanctions seem purely symbolic, with the Kremlin avoiding previously announced tough action out of fear of public backlash and scaring off foreign investors, analysts told Deutsche Welle.
The country’s Parliament on Wednesday passed a significantly watered-down version of a controversial bill outlining Russia’s retaliatory measures...
Russian aluminum giant Rusal appointed an interim chief executive and announced a sweeping board reshuffle as it seeks to be extricated from sanctions imposed by the United States, Bloomberg reported. The company warned it may have problems servicing its debt due to the impact of the U.S. measures.
According to...
As Russian debt was roiled by a fresh round of U.S. sanctions less than two months, many investors were caught out with overweight positions. Now, some of the bond investors are deciding that Russia isn’t such a toxic trade, after all, Bloomberg reports.
Russia has outperformed all peers this month, sending...
Russia’s ex-Finance Minister and new head of the Accounts Chamber Alexei Kudrin has said that the Russian government needs to “carefully consider” the bill on criminal liability for the implementation of anti-Russian sanctions because in its current version it can harm Russian companies.
"I think it's good that the bill...
Russia’s Federal Tourism Agency will consider a proposal to curb the operations of the online accommodation reservation service Booking.com in response to U.S. sanctions, RBC reported citing the agency’s press service.
"We believe it is necessary to ask respective professional public associations about their opinion on the proposal and this request...
Russia's largest bank, state-owned Sberbank intends to reduce its presence in Europe, to expand it in Kazakhstan and Belarus and still expects to sell its assets in Ukraine, the head of the bank Herman Gref said in an interview with Rossiya 24 TV channel.
"We stay in Europe, Belarus, Kazakhstan and...
Russia’s economy showed further signs of recovery despite the latest U.S. sanctions that seem to have little immediate impact on Russia’s fundamentals, Kommersant reported.
Real wages growth exceeded expectations in Russia in April while retail sales picked up and the unemployment rate fell, according to official monthly report released on Tuesday by Federal Statistics...
