Vnesheconombank, or VEB, Russia’s state-controlled development institute facing potential U.S. sanctions, has hired a well-positioned lobbyist in Washington - Trump insider and former Republican House member named John Sweeney, Politico reports.
With Congress mulling legislation to slap new sanctions on Russia for its attack on the 2016 American election,...
Uzbek automobile company Uzavtomotors (UAM) has begun selling cars in Russia after nearly a year and a half, Kommersant reported citing the CEO of UAM’s distribution company Sarvar Kadyrov.
Since leaving in May 2018, the price of the company’s most popular model, Ravon, has risen in price by about 150 thousand rubles...
Business channel RBK has broadcast the annual rankings of Russia’s top 500 companies, and for the 5th year running, the top five revenue earners remain the same: Gazprom (8.2 trillion rubles), LUKOIL (7.5 trillion), Rosneft (6.9 trillion), Sberbank (3.2 trillion), and RZD, the Russian Railways (2.5 trillion). The top...
A Moscow court has extended the house arrest of U.S. investor Michael Calvey until January 13, Reuters reported on Tuesday citing Russian media. The Moscow City Court announced the ruling five days before a previous extension of Calvey’s house arrest was to expire.
Calvey and several other executives and employees of...
Russia is making a big return to investment in Africa after a decades-long absence, looking to broaden its activities and influence with a switch from its traditional focus on arms and grain exports to oil and nuclear energy, AFP writes.
Russia's business footprint in Africa is relatively small, about the...
Two prominent Russian opposition leaders and their foundation were ordered by a Moscow court to pay $1.4 million in compensation to a company associated with Yevgeny Prigozhin, a controversial businessman with ties to President Vladimir Putin.
According to business newspaper Kommersant, the court ruled on Monday in a defamation...
Russia’s service sector activity reached a one-year high in October, increasing for the third month in a row thanks to an increase in new orders, the Markit Services PMI index showed on Wednesday.
IHS Markit’s Purchasing Managers’ Index (PMI), a single-figure measure designed to track changes in total Russian services activity...
Kremlin spokesman Dmitry Peskov said this week that a total of 11 billion rubles (about $169 million) were stolen during the construction of the Vostochny Cosmodrome, Russia’s ambitious space port project, RIA Novosti reported.
Оnly 3.5 billion rubles ($53.8 million) were returned to the state coffers, Peskov said.
The spokesman was...
Russian banks made a combined profit of 1.7 trillion rubles ($26.69 billion) in the first 10 months of the year, up nearly 42% from 1.2 trillion rubles ($18.83 billion) in January-October of 2018, the Bank of Russia said on Thursday, according to Kommersant.
The central bank expects Russian lenders to earn around...
The value of ruble bonds invested in by Russian companies is set to double next year from $200 billion currently outstanding on the market, Reuters reports.
The move highlights how aggressive rate cuts by the central bank benefit the country’s companies, bankers and analysts told the news agency.
Russia’s central bank...
