As new trade routes create new openings for trade set to compete with slower shipping routes, the growth of China-Europe rail transit has sparked intense. China is predicting 15% annual growth in container volumes exported by rail to Europe every year for the next 10 years. Thus far, growth...
Russia’s central bank will be able to cut interest rates in the near future and boost consumer demand in a presidential election year, a Reuters poll showed on Wednesday. The motivation behind such a move would be Russia’s historically low inflation. Cheaper lending would help prop up economic activity after...
Russia's largest internet taxi service Yandex.Taxi is moving closer to a proposed merger with Uber ride-sharing businesses in Russia and neighboring countries, TASS news agency reports. Yandex.Taxi is owned by the biggest internet search engine in Russia.
"The parties are currently finalizing preparations for closing, and now anticipate that the...
Russia's elite dismissed the publication of the ‘Putin list’ of oligarchs close to the Kremlin as simply a "telephone directory" of the rich, Reuters reported. Official Moscow, on the other hand, said the list could even harm the image of Russia's political leaders.
The list of 210 people, including 96...
Losses accrued from economic sanctions by the European Union against Russia have exceeded 100 billion euros ($124.4 billion) since 2014, the Chairman of the German Committee on Eastern European Economic Relations Wolfgang Buechele has said.
"According to Kiel University's research, the losses over mutual economic sanctions imposed in 2014 now...
Turkey's tourism revenues jumped by nearly a fifth to $26 billion in 2017, boosted by a five-fold surge in the number of Russian tourists, Hurriyet reported.
Tourism revenues are a major source of financing for Turkey's wide current account deficit, which rating agencies have described as "large and persistent". A 2016...
United States President Donald Trump talked about the challenges that "rivals like China and Russia" pose to his country in his first official State of the Union speech, Radio Free Europe reported.
"As we rebuild America's strength and confidence at home we are also restoring our strength and standing abroad," Trump...
President Donald Trump will deliver his first State of the Union address on Tuesday, amid a probe into his campaign’s alleged ties with Russia and his struggling efforts to sell Americans on his leadership abilities, Reuters reports.
He is expected to herald a robust economy and push for bipartisan congressional...
The list of 114 Russian politicians and 96 "oligarchs" the Trump administration released on Monday contains what Washington calls “people linked to Russian President Vladimir Putin”, a wide formulation used by the U.S. to include the whole Russian government, along with the most prominent Russian businessmen, on the list.
On...
Russia’s economy is resilient enough to withstand new Western sanctions and the country’s sovereign rating may be upgraded by the end of the year, a senior vice president at Moody’s Investor Service, said in an interview with Reuters.
“Our analysis is that the economy and public finances are in good...
