VTB, Russia’s second largest bank, said on Monday its net profits more than doubled in 2017, on the back of growth in its retail activities and increased lending as the Russian economy slowly recovers from recession.
The state-controlled bank posted profits for the last year of 120.1 billion rubles ($2.1...
The total volume of export orders by the Russian defense industry reached $50 billion, according to Deputy Prime Minister Dmitry Rogozin, who has been in charge of Russia’s defense industry since 2011. In an interview with Kommersant, Rogozin talked about the recent changes in the defense industry, lessons learned...
Russian President Vladimir Putin said he believes blockchain technology is the wave of the future, making it paramount that his country enters the race as early as possible, Bitcoinist reports.
Putin spoke about the future of blockchain technology with Herman Gref, the head of Sberbank, Russia’s largest financial institution. The...
U.S. Treasury Secretary Steven Mnuchin said Washington will impose new sanctions on Russia within weeks, Reuters reported.
Speaking at a White House briefing Friday, Mnuchin said that the Treasury Department may choose some sanctions targets based on information developed from Special Counsel Robert Mueller’s investigation of Russian meddling in the...
A top Wall Street credit agency has raised Russia's credit rating by a notch, lifting it out of "junk" territory to reflect what it said was Russia's improving economy and budgetary restraint. The decision returns the world’s biggest energy exporter to investment grade after three years at junk.
Standard &...
The two most influential global rating agencies, S&P and Fitch Ratings are poised to announce the results their reviews of the country's debt rating. Investors are hoping that S&P will make a one-step upgrade to the foreign-currency rating and put the sovereign back into investment grade territory, Bloomberg reports.
S&P...
Moscow didn’t make a great first impression on experienced Chinese tourist Maggie Xu and the two friends she was traveling with. But once they had settled in, the trio found themselves charmed by the sparkling lights lining the pavements of Tverskaya Street – Moscow’s Champs-Elysees.
“On that cold winter night,...
Russia has proposed a joint innovation fund with Thailand which would serve as a vehicle for a range of innovations, research and development aimed at boosting the digital economies of both countries, Thai Deputy Prime Minister Somkid Jatusripitak said.
He revealed Moscow’s proposal after he met with Russian Deputy Minister...
U.S. special counsel Robert Mueller filed additional criminal charges Thursday against President Donald Trump's former campaign chairman and his business associate, escalating the pressure and stakes in the investigation over Russian meddling in the 2016 U.S. elections, CNN reports.
The filing adds allegations of tax evasion and bank fraud and...
A banking crisis rocking the small Baltic nation of Latvia has turned into a potential diplomatic incident, as the country has signaled Russia might be trying to damage Latvia’s reputation ahead of a general election.
Earlier this week, Latvia's central bank governor was arrested on corruption allegations. Now, the country’s...
