Tuesday, September 21, 2021
The resumption of direct flights between Russia and Egypt will see an influx of tourists in 2018 that will restore the Arab country’s tourism sector, Egypt’s government hopes. Russian President Vladimir Putin signed a decree on January 4 for the resumption of flights between Moscow and Cairo. Russian Transport Minister...
United States congressional investigators have been investigating whether President Donald Trump’s family business used Russian money to fund several of his golf courses in Ireland and Scotland. The U.S. House Intelligence Committee has released a transcript of a sworn testimony by Glenn Simpson, a former Wall Street Journal...
Russia and China have shown no intention of living up to World Trade Organization (WTO) rules and Washington should not have supported their membership in the global trade body, the Trump administration said on Friday. The U.S. Trade Representative delivered to Congress a laundry list of grievances over unfair trade...
Sberbank, one of the largest banks in Russia, has announced a blockchain laboratory to develop and test blockchain-based solutions. The new lab aims to generate product prototypes, perform pilot tests and deploy blockchain-based business solutions for Sberbank Group, a press release said. According to Igor Bulantsev, Sberbank's senior vice president, blockchain...
A bill on the legalization of private military companies will be submitted to the Russian parliament in the following weeks, Russia Today reported. In recent months, the military contractors have become known as private armies and their activity has been in the spotlight after the expansion of the Donbass conflict...
Some European investors will be grateful if the sanctioning of Russian debt is part of the next set of Washington’s sanctions against Moscow. According to Jan Dehn, the head of research at Ashmore Group, which manages $65 billion of emerging-market assets, “It would mean forced selling by Americans, a wonderful...
Russia plans to change the structure of the country’s tax system to make it more competitive, the country’s Finance Minister Anton Siluanov said Wednesday, adding that the tax burden will not be raised this year. "We plan to change the structure of the tax system to make it more competitive,"...
Russia’s government is discussing a proposal to turn on the fiscal taps in the biggest domestic spending spree since President Vladimir Putin last ran for re-election in 2012, officials said. The Kremlin is considering a plan that will raise outlays on transport and roads by about 30 percent over the...
Russia’s economy is seeing consumption begin to increase off the back of low inflation, Russian central bank Governor Elvira Nabiullina said on Wednesday, according to Reuters. Russia’s economy ministry said on Monday it expects inflation to stay below the central bank’s target of 4 percent, if there are no weather-related...
The number of Russian tourists traveling to Gulf countries is expected to increase by 38 percent by 2020, new data published by Arabian Travel Market 2018 reveals. The study underlines the importance of Russian tourists to the Gulf, saying their presence will be a "significant boost to the regional tourism...

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