Russian banks will be obliged to notify Rosfinmonitoring and the Bank of Russia about requests "from the competent authorities of unfriendly states", requiring the provision of information about Russian citizens or companies which are clients of the banks, a draft law proposes.
The Russian Ministry of Finance, Rosfinmonitoring, and the...
In terms of the overall value of transactions inked at the St. Petersburg International Economic Forum (SPIEF), which topped 3.8 trillion rubles ($52.2 billion), it was a record-breaking event, TASS reports.
According to Izvestia, the number of attendees at the event exceeded 13,000, according to the organizing committee's Executive Secretary...
Roscosmos General Director Dmitry Rogozin, reiterated on Monday his conviction that further sanctions on Roscosmos might be imposed by the United States before the end of the year, Sputnik News reports.
Rogozin noted that the prohibitions he indicated do not apply to launches that will take place before December 31,...
As part of the new sanctions, Russia's access to international payment systems could be restricted, rating agency Moody's said, Russian media reported. The agency also confirmed Russia's investment level "Baa3", with a stable outlook.
According to Finance Minister Anton Siluanov, Moody's decision can be interpreted as an established consensus in...
The government spent 4 trillion rubles to support the Russian economy amid the COVID-19 coronavirus pandemic, Russian First Deputy Prime Minister Andrei Belousov said during the St. Petersburg International Economic Forum.
The funds were borrowed from banks, Belousov added. Earlier, Belousov also said that Russian metallurgists received super-profits in...
The unemployment rate in Russia could return to the level of 4.7% within two quarters - Putin's aide Maxim Oreshkin said, speaking at the round table of the St. Petersburg International Economic Forum.
According to Oreshkin, during the coronavirus crisis, the level of general unemployment rose to 6.4%, and now...
Russian President Vladimir Putin said that Russia is being forced to abandon payments in dollars since the U.S. is using its national currency as an instrument of sanctions, Russian media reported.
Russia is not seeking to get rid of the dollar, Putin said, but in many areas, it is moving...
President Vladimir Putin stated during a plenary session of the St. Petersburg International Economic Forum (SPIEF) on Friday that the most pressing concerns in the Russian economy are the labor market and inflation.
First Deputy Prime Minister Andrei Belousov said during the SPIEF that the administration expects inflation in Russia...
The Association of European Businesses said on Friday that new automobile sales in Russia totaled 147,378 vehicles in May, rising 133.8 percent over the same month last year, when a stringent coronavirus lockdown was in place.
Car sales in Russia declined 9.1% in 2020 as a result of measures aimed...
Retail sales in Russia increased more than predicted in April as the economy recovers from the effects of last year's COVID-19 economic blockade. This has bolstered officials' pledges of a faster-than-anticipated recovery, according to figures released on Friday.
Retail sales increased 34.7 percent year over year, according to the statistics...
