Russia has "very high yielding and a very cheap stock market,” with shares by oil and gas companies Lukoil, Novatek, and Gazprom Neft being most attractive at the moment, says UK-based fund manager Ewan Thompson, Investment Director and Co-Head of Emerging Market Equities at Neptune Investment Management.
Shares in...
According to a senior official, the Russian government would spend up to 400 billion rubles ($5.5 billion) yearly from the country's National Wealth Fund to expand public investment in infrastructure projects and fund its growth agenda.
First Deputy Prime Minister Andrei Belousov told reporters at the St. Petersburg Economic Forum...
The floating ruble rate in Russia exists ‘only on paper’ now, and is actually replaced by regulation of the forex market by the Central Bank in order to mitigate financial stability threats, the Russian Accounts Chamber said in its conclusion for the draft Russian budget in 2019-2021, according to...
Serbia and Russian are discussing the possibility of acquiring Russian SSJ-100 aircraft, but the parties have not yet reached substantive negotiations, said the head of the Ministry of Industry and Trade Denis Manturov, Russian media reported.
Russia is not negotiating the export of SSJ-100. "We are not yet conducting intensive...
Washington’s anti-Russian sanctions and general political tensions between Russia and the United States are causing trade turnover between the two countries keep growing, Russian President Vladimir Putin said at a meeting with the national security adviser to the U.S. President John Bolton in Moscow on Tuesday.
"Despite all of our...
Russian President Vladimir Putin stated that global food prices had risen to their greatest level in 10 years, citing a lack of his own harvest as a probable cause.
At the same time, the President drew attention to the fact that the authorities are doing everything to slow down the...
Russian second-tier retailer Lenta launched a 12-month GDR buyout program worth $177 million or about 10% of its free-float, the company said last week.
According to the European Supermarket Magazine, the buyout on the LSE will be managed by Credit Suisse.
Lenta joins a growing number of Russian companies that opt for...
According to the Wall Street Journal, which cited sources, the owner of social networking site TikTok, Chinese business ByteDance, has postponed plans for an initial public offering (IPO) indefinitely after Chinese regulators warned of data security dangers.
According to the magazine, ByteDance was one of 13 Internet businesses asked by...
Luxembourg-based Amber Beverage Group has acquired a majority stake in Russian spirits producer Permalko, which is thought to be one of the oldest distilleries in Russia, Foodbev.com reports.
The deal is described as a “significant milestone” in Amber Beverage Group’s efforts to become an international company. Amber Beverage Group will retain...
Russia's GDP has rebounded to pre-crisis levels, but it remains below potential, according to aide to Russian President Vladimir Putin Maxim Oreshkin, who spoke to the Rossiya 24 TV station.
Despite the fact that the Russian GDP has rebounded to pre-crisis levels, it is still below potential. That implies there are...
