Russia’s Justice Ministry has recognized the legal status of cryptocurrency under the category of ‘other property,’ the minister, Alexander Konovalov told reporters in Moscow. The official added that Russia doesn’t consider crypto coins as electronic money, at least not at this stage, Bitcoin News reports.
When asked about the current...
The United States has refused to hold consultations with Russia over Washington’s introduction of import restrictions on steel and aluminum, saying the measures were not protectionist, Russia’s Ministry of Economic Development told TASS news agency on Friday.
The Ministry said Russia will notify the World Trade Organization (WTO) of its...
Russia’s En+ Group, which manages billionaire Oleg Deripaska’s aluminum and hydropower businesses, reported a twofold increase in its first-quarter net profit compared with a year ago to $667 million, RBC reported.
Also on Friday, the company said that businessman Oleg Deripaska, who was targeted by U.S. sanctions in April, has...
U.S.-sanctioned Russian billionaire and Renova Group owner Viktor Vekselberg has reduced his share in the Swiss companies OC Oerlikon and Schmolz + Bickenbach after a deal with minority shareholders and Renova managers, Reuters reported.
The agreement was made after Vekselberg was included in the U.S. sanctions list. The businessman hopes to...
Officials at the European Union are likely to be concerned by a power-sharing agreement between Italy's two government-forming populist parties, CNBC reported.
A coalition between the left-wing Five Star Movement (M5S) and the far-right Lega is all but agreed upon, meaning the two unlikely actors will clinch power in the southern...
American bank Morgan Stanley has forecasted that the Russian economy will hit a recession if the U.S. imposes new sanctions against state companies, despite a projected oil price of $90 per barrel by 2020 due to increased demand, Russian news outlet RBC reported Friday.
Other banking majors Goldman Sachs and Citi...
Russian Prime Minister Dmitry Medvedev has presented President Vladimir Putin with a list of people he selected to appoint as ministers in the new government created after the recent inauguration of the president. The list was approved by Putin, The Washington Post reported.
Finance Minister Anton Siluanov retained his post and...
A financial messaging transfer system created by the Russian central bank, meant to serve as an alternative to the country amid the potential threat of Russia being cut off from SWIFT, is expanding its reach, Russian media report.
The system will be used not only in the members of the...
American private business is free to decide whether or not to participate in the forthcoming St. Petersburg International Economic Forum, a representative of the U.S. State Department told TASS news agency.
"We have an open dialogue with the business community, and ultimately companies are free to make their own decisions, in...
