Russian state gas producer Gazprom has raised two loans worth $1.06 billion from Japanese bank holding Mitsubishi UFJ and U.S. financial group Citibank, Interfax news agency reported on Thursday citing company data.
Gazprom raised the two four-year loans - 500 million euros from Mitsubishi UFJ, and 425 million euros from...
In a move that would help En+ to avert U.S. sanctions, Russia’s state-owned bank VTB may sell its 22% stake in the energy group on the market in future, En+ Board Chairman Greg Barker has said, according to Investing.com Russia.
The U.S. Treasury Department removed En+ and aluminum giant Rusal,...
Russian internet group Yandex said on Friday its adjusted net profit rose 62 percent last year to 22.9 billion roubles ($343.39 million), while its adjusted revenue increased 41 percent to 126.4 billion roubles, RBC reported.
Yandex said it saw its revenue this year, excluding online retail arm Yandex.Market, rising...
The Russian market has grown into the second-largest for German chocolate manufacturer Ritter Sport, a top executive at the company has told the German-Russian Chamber of Commerce, RT reports.
The company, famous for its signature square bars, has seen its sales fall across Europe – with the exception of Russia,...
The rise of the Russian ruble after long stagnation could make the emerging Baltic markets a more attractive proposition in the midst of the dollar’s downswing, investment strategist Mike Harris says, according to the Baltic Times.
Analyzing the recent Federal Reserve hiatus, Harris urged traders to capitalize on the...
A Moscow court on Friday fined social media company Twitter 3,000 rubles ($46) for refusing to disclose information requested by the country’s officials under a controversial data law, Kommersant reports.
According to the newspaper, while the fine is miniscule, further non-compliance with the law could lead to the social media...
The government of Venezuela has signed an agreement with Russia to receive investment and participation of Russian companies in the country’s iron, steel, mining and agriculture industries, Venezuela's state-run media said this week, according to Prensa Latina.
The agreement is under the XIV High Level Intergovernmental Commission (Cyan) Russia-Venezuela. In...
The United States has levied a $75,375 penalty against an American software company to settle charges of violating sanctions connected to work in Ukraine, the U.S. Department of the Treasury announced in a press release last week, according to Lexology.
Haverly Systems, Inc., a New Jersey corporation with offices in...
Poland overtook Russia as the top export destination for Ukrainian goods in the first quarter, latest data available from statistics agency Ukrstat shows, according to inPoland.
Despite being in a political conflict since Moscow’s annexation of Crimea in 2014, Russia has been Ukraine’s main trade partner as the two economies...
Russia’s economic development minister Maksim Oreshkin has said his ministry maintains its GDP growth outlook for 2019 at 1.3%, RBC reports.
"So far yes," he said when asked whether the ministry considers the GDP growth outlook for this year of 1.3% still relevant.
"The data for the first quarter...
