Representatives of both Russian and foreign companies operating in the country have harshly criticized a draft law on criminal liability for complying with Western sanctions on Russian soil, which was passed in the first reading by the State Duma on Monday, Vedomosti reports.
According to the bill, those refusing to sign...
Iran has signed a three-year provisional agreement with the Russia-led Eurasian Economic Union (EAEU) to enter the bloc’s free-trade zone, TASS news agency reported. The agreement was inked on the sidelines of an economic forum in the Kazakh capital city of Astana on Thursday.
“The temporary agreement stipulates an effective dispute...
Russia’s Prime Minister Dmitry Medvedev has officially confirmed the government’s plans to create special administrative districts with offshore features in Russia, Vedomosti reported on Wednesday.
"Very soon we are planning to create special regions with special legal status and a special tax regime in Primorsky Krai and the Kaliningrad region on...
In its first acquisition outside Russia, the Analytical Credit Rating Agency (ACRA) said it has closed a deal to buy Slovak European Rating Agency (ERA), as it aims to expand abroad, Interfax reported.
The Russian agency was founded in 2015 after the top three international rating agencies downgraded Russia following the annexation...
On April 23, the U.S. Treasury eased restrictions on billionaire Oleg Deripaska’s aluminum company Rusal it imposed 17 days earlier. Instead of barring Rusal from international markets, which is what the United States originally intended to do, the Treasury suggested it might lift the sanctions altogether.
Washington’s change of course says...
Russian consumers are now more ready to spend more on goods and services that matter most to them, such as fresh foods, education, and travel, as the Russian economy continues to stabilize after several years of financial crisis, a new report by the Boston Consulting Group (BCG) shows.
According to the...
Russian billionaire Oleg Deripaska and fellow billionaire Roman Abramovich are in a London court for a hearing in a case over the ownership of nickel giant Nornickel, Bloomberg reported. On Monday, Deripaska gave evidence in the case to the London High Court, challenging the sale of shares in Norilsk Nickel.
Deripaska,...
Uranium could be on the list of materials considered for export restrictions to the U.S. in Russia’s counter-sanctions bill currently in parliamentary procedure, Streetwise Reports writes.
According to the report, if Russia does restrict uranium exports to the United States, that could be bullish for the price of uranium as...
Russia’s Sberbank will not be affected by the bill on criminal liability for aiding West’s sanctions on Russia poses no danger to Sberbank, a high ranking source in the State Duma told TASS news agency.
"If some Russian companies choose to minimize business risks, then, in my view, they are not...
German retailer Metro has taken steps to restore growth in Russia but it still expects a big fall in profits and a marked decrease in sales this year, the company said on Tuesday, according to Market Watch.
Poor performance at its Russian operations and the impact of the failure to...
