Investment company GK Region, which is thought to be closely connected to Russia’s largest oil company Rosneft, has become a major shareholder in Russia’s pharmacy chain 36.6, Vedomosti business daily reported.
A representative of GK Region, Aleksey Abolyayev, has been nominated to Pharmacy Chain 36.6’s board, the report said.
“Aleksey Abolyayev...
Sberbank, Russia’s largest lender, will sell its entire 99.85 percent stake in Turkey's fifth-largest private bank Denizbank to Dubai’s Emirates NBD, a joint statement from the companies said.
"In accordance with the signed agreement, the consideration for 99.85 percent equals 14.6 billion Turkish liras ($3.1 billion) under a locked box...
The Moscow Exchange has launched repurchase agreement operations with the shares of the U.S. ten most liquid securities - Apple, Facebook, Amazon, Tesla, Google, Nike, Microsoft, NVIDIA, Twitter and McDonald's - in rubles and dollars, Reuters reported.
Access to such repo operations through the Moscow Exchange’s agent is the bourse’s first...
Russia’s government will restart support for small and medium-sized businesses, as stated in President Vladimir Putin's May decree, the Ministry of Economic Development said, adding that the measure is already being prepared.
According to RBC, the ministry has proposed lowering the reserve requirement ratio to provide loans to small companies,...
Russia’s lower house of Parliament, the State Duma, has passed a bill aimed at defending "economic interests and security" in response to the latest sanctions introduced by the United States and its allies, The Moscow Times reported.
The motion was drafted by State Duma speaker Vyacheslav Volodin and the heads of...
A rare event celebrating U.S.-Russian cooperation was opened this week in the Russian city of Veliky Novgorod – the international conference titled Fort Ross Dialogue is taking place amid frosty relations between the two countries and sanctions and counter-sanctions imposed by both sides. The conference will be discussing the...
Egypt and Russia are set to sign a bilateral agreement on Wednesday that paves the way for the development and operation of an industrial zone in Port Said, aiming to attract $7 billion in investments, Menafn reported.
Russia's Minister of Trade and Industry Denis Manturov and his Egyptian counterpart Tarek...
Russia’s Direct Investment Fund (RDIF) head Kirill Dmitriev told reporters on Monday that he plans to propose the government increases its domestic debt to finance infrastructure projects, Reuters reported.
The sovereign wealth fund considers Russia’s state debt relatively low and that increasing it could help to meet President Vladimir Putin’s...
Former long-time Finance Minister Aleksei Kudrin has been approved by President Vladimir Putin to be nominated as head of Russia’s Audit Chamber, an oversight agency that monitors the spending of government funding, Interfax reported.
The State Duma (lower house of parliament) press service made the announcement on Monday, nearly a...
The new Russian government is expected to take the quantum leap announced during the presidential campaign, worth an unprecedented $400 billion, and carry out unpopular reforms under Finance Minister Anton Siluanov’s control, Russian media report.
According to experts polled by RBC, Putin’s new cabinet is a ‘compromise’ of elite groups...
