Finnish state-controlled utility Fortum on Thursday played down concerns that Moscow might block its planned purchase of a stake in German energy company Uniper, Reuters reported.
The statement from Fortum’s CEO comes after an article in a Russian state-owned newspaper described Fortum as “a real threat” to Russian security.
The article by...
Russian billionaire Oleg Deripaska says he plans to keep control of his company United Co. Rusal and decline an offer by the U.S. to leave the Russian aluminum giant in exchange for relief from harsh Washington sanctions, Bloomberg reported citing people familiar with the matter.
The sources, who asked not to...
A Russian Rokot booster took to the skies Wednesday, on a mission to orbit Sentinel-3B, the latest satellite for Europe’s Copernicus Earth-observation program, Space.com reported. Liftoff took place at 17:57 GMT from the Plesetsk Cosmodrome in northern Russia.
This was the seventh Sentinel Earth observation satellites as part of EU’s multi-billion-euro...
The Russian government intends to file a lawsuit against the United States, seeking recognition that the U.S. government's decision concerning the seizure of Russian diplomatic properties was illegal, Kommersant reports.
However, it is not yet clear when the hearings will begin and which court would consider the claim. Sources in Russian...
American fast-food chain McDonald’s decided to start serving French fries produced in Russia in its restaurants from Moscow to Murmansk from now on, in an effort to deal with ruble volatility caused by fluctuating oil prices and Western sanctions, Reuters reported.
McDonald’s Corp has been gradually turning to local ingredients...
Oleg Deripaska, the owner of U.S.-blacklisted aluminum company Rusal, is the biggest loser among Russian billionaires sanctioned by Washington for links to the Russian government and its “malign activities”, according to the Bloomberg Billionaires Index.
The 50-year-old billionaire’s net worth plunged to a record low on Tuesday, almost three weeks...
Moscow is hoping the European Union can persuade Washington to ease restrictions against aluminum giant Rusal and is holding off on taking retaliatory measures against the United States for imposing sanctions on the world’s second-largest aluminum producer, sources told Reuters.
This week, the U.S. gave American customers of Rusal more...
The groundwork and hosting of the 2018 FIFA World Cup will add one percent to Russia’s GDP in total, which amounts to around 820 billion rubles ($13.3 billion) for 2013-2018, Vedomosti reported citing preliminary results of a research by consulting firm McKinsey commissioned by the World Cup organizing committee.
An...
The final version of the amendments to the ‘anti-sanctions’ bill initiated by the lower house of Russian Parliament will be "quite mild," two Federation Council (upper house) members told RBC.
The news comes after Vyacheslav Volodin, the Speaker of the lower house of Parliament, the Duma, and leaders of all...
An intergovernmental agreement between Russia and China on the joint development of two international transport corridors is planned for this year, Interfax reported.
Russia’s Ministry for Far East Development said the Chinese partners have already submitted a feasibility study for the building of Primorye-1 and Primorye-2, two transport corridors expected to bring...
