The head of the Bank of Russia, the country’s central bank has said the ongoing bank cleanup in Russia is more than half complete, Reuters reports.
Governor Elvira Nabiullina has spearheaded a defiant regulatory effort since she took the helm in mid-2013. Under her supervision, Russia has lost around a half...
The former governor of the Russian Kirov Oblast Nikita Belykh has been sentenced to eight years in prison by a Moscow court on Thursday following his conviction on bribery charges, RT reports.
The court ordered Belykh to pay an $866,000 fine in the high-profile case, while also barring him from...
A Russian steelmaking giant that employs over 1,000 people in Canada has seen its major shareholders named on the so-called “Putin list” published by the United States Treasury Department, The National Post reports.
The list presents a who’s who of 114 Russian politicians and 96 oligarchs said to have directly benefitted...
Russia's gross domestic product grew by 1.5 percent in 2017 after contracting by 0.2 percent in 2016, data from the Federal Statistics Service showed on Thursday, Reuters reported.
Analysts polled by Reuters in late December forecast that the Russian economy would grow 1.7 percent in 2017. President Vladimir Putin said...
Russia’s economy is still far from the blistering 6-8 percent annual growth of the boom years in the early 2000s, but having climbed out of a two-year recession just recently, the outlook for 2018 is gradual improvement and growth as high as 2 percent.
Inflation in December was at a...
The Eurasian Economic Union (EAEU), an organization for economic cooperation between Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia, seems to be moving up Moscow’s agenda.
At a briefing Wednesday, Russian Foreign Ministry Spokeswoman Maria Zakharova told reporters Russia will work towards “expanding integration of the EAEU” during its chairmanship in the...
As the Arctic gains geopolitical importance due to global warming and new trade routes open in the once frozen northern ocean, Russia seems to have the upper hand in the ‘Arctic Cold War’, columnist Peter Apps writes in a Reuters commentary.
Last August, a Russian tanker sailed directly from Norway...
American oil field service giant Halliburton has withdrawn from a planned $1 billion takeover of a Russian oilfield equipment manufacturer because of U.S. sanctions, NewsBase reported.
The news comes as another U.S. service giant, Schlumberger, is struggling to seal a deal for a stake in Russian peer Eurasia Drilling Co....
Russian Finance Minister Anton Siluanov said that Russian officials would not be affected by Washington's so-called "Kremlin report" because they have no foreign bank accounts and real estate abroad.
The US Treasury Department published its "Kremlin report" early on Tuesday, which lists 114 Russian politicians and 96 business leaders who...
The list of Russian officials and tycoons put together to comply with a U.S. sanctions law is a hostile and “stupid” move spearheaded by President Donald Trump’s political foes, President Vladimir Putin said, according to The Associated Press.
Putin, however, added that the Kremlin would refrain from retaliating for now.
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