The majority owner and CEO of Russian metals giant Nornickel, Vladimir Potanin, is now the richest man in Russia, the Forbes Real Time billionaire index released on Thursday shows, according to Kommersant.
According to the publication, Potanin’s fortune increased during the day (February 6) by $418 million, to $25.1 billion.
"This...
The European Union and the United States are close to an agreement on new sanctions against Russia following the capture of 24 Ukrainian sailors off the coast of Crimea late last year, The Financial Times reports.
According to sources in Brussels, the EU and U.S. are understood to be coordinating...
Russia’s G20 Sherpa Svetlana Lukash expressed hope on Monday that the next summit of the world's major advanced and emerging economies will be an in-person, not a virtual event, TASS reported.
This year the G20 summit was held on November 21-22 virtually via a video conference.
"We hope that the next...
According to court papers posted to the website of a United States District Court for the Northern District of California, Russian billionaire Oleg Tinkov has struck a settlement with the U.S. Justice Department over his tax fraud case, TASS reports.
As per the paper, the parties filed a joint motion with...
The African Export-Import Bank is interested in buying Russian COVID-19 vaccines and is looking into ways to start producing them on the continent, according to Amr Kamel, the bank's executive vice president, who added that the two parties are now in negotiations.
Russia is one of the prospective partners, according...
Russia’s shadow economy had a 12.7% share in Russia’s GDP in 2017, latest official data by Russia’s state statistical agency Rosstat reveal, according to RBC.
Rosstat includes off-the-books salaries, unofficial employment and informal sales in its definition of the shadow economy, but does not count criminal activity. The agency’s...
U.S. President Donald Trump is reportedly on the verge of expelling dozens of Russian diplomats from the U.S., following the poisoning of former spy Sergei Skripal and his daughter Yulia in Britain, The Washington Post reports, citing U.S. and European officials.
According to the report, the president was recommended to...
Russia said Friday it would impose extra duties on some U.S. imports in response to U.S. tariffs on Russian goods, according to Gazeta.ru.
The nation's Economics Ministry said the new tariffs, which would range from 25% to 40%, would be applied to products for which there are Russian substitutes. Among...
Despite U.S.-Russia relations being at a low, Russia’s anti-monopoly watchdog has granted a provisional approval to American oilfield services firm Schlumberger for the purchase of a 49% stake in Russia’s Eurasia Drilling Company (EDC), Vedomosti reported.
The government’s Commission for Foreign Investments tentatively decided that the world's largest oilfield service...
Fifteen foreign banks operating in Russia are protesting a new plan proposed by the Russian central bank to reduce the amount of cash the lenders can move abroad from their units located in Russia, American Banker reports.
Russian subsidiaries of banking majors, including Goldman Sachs, Citigroup, Raiffeisen, JPMorgan, Deutsche Bank...
