The economic downturn in Russia on the back of the coronavirus pandemic was smaller than in many developed and developing economies and a range of macro indicators returned to the pre-crisis level by the end of the last year, Russian President Vladimir Putin said on Thursday when opening the...
The Ministry for Development of the Russian Far East and Arctic started developing a new state program for the socio-economic development of the Arctic, which is scheduled to be finished before the end of June, the ministry announced on Wednesday, TASS reported.
The ministry’s press service told TASS that the...
China's e-commerce powerhouse Alibaba and Russia's sovereign wealth fund, RDIF, will each invest $100 million in a Russian joint venture, RDIF said in a statement on Wednesday, according to TechCrunch.
The parties received approval from the Russian antimonopoly watchdog and will launch the largest e-commerce joint venture in Russia and...
Representatives of Russia and Japan have been engaged in dialogue over how to mitigate the adverse impact of U.S. tariffs on the bilateral trade, Russia’s trade envoy in Tokyo Sergei Egorov told TASS in an interview on Tuesday.
"Russia and Japan follow WTO rules and the maximum possible elimination of obstacles...
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...
After a historic agreement to resume grain shipments was achieved earlier last week, world leaders have denounced a Russian missile attack on Ukraine's Odessa seaport on Saturday (23 July), EUObserver reports.
On Friday, July 22, Ukraine and Russia reached an agreement to begin grain shipments with the UN and Turkey...
The largest real estate and homebuilder company in Russia, PIK Group, could launch construction projects in Saudi Arabia next year, the head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev told reporters on Thursday, according to TASS.
"We are now actively supporting the activities of the PIK group. We...
Some of the biggest Russian banks are working on plans to help each other in the event that they are hit by fresh U.S. sanctions, sources familiar with the matter told Reuters.
According to the report, the new scheme, which banks started to draft with Russia's finance ministry and the...
Russia’s business ombudsman Boris Titov believes businesses are to be allowed to put employees on indefinite leaves to be paid monthly statutory minimum wages by the state in order to save jobs, SM News reports.
In a letter to President Vladimir Putin, the ombudsman has formulated this initiative and a...
The international rating agency Moody’s has changed the forecast for the Russian banking sector for next 12-18 months from negative to stable, Vice President - Senior Credit Expert of the Agency Olga Ulyanova says on Wednesday, TASS informed.
"The forecast changes from negative to stable," she says.
The forecast revision is...
