With only 5% of Russia’s population, the country’s resource-rich Far East region has attracted around a quarter of the country’s foreign direct investment (FDI) in the last four to five years.
According to a new Russian government report obtained by Asia Times, most of the FDI was related to the...
The Russian state-owned development bank VEB has signed a deal with the government of the Kaliningrad region to pilot a new blockchain-based system of social payments, Cryptovest reports.
Kaliningrad governor Anton Alkikhanov and VEB Chairman Sergei Gorkov met at the Russian Investment Forum in Sochi last to sign the agreement...
ERGO Group AG - owned by German reinsurer Munich Re and made up of ERGO Deutschland, ERGO International, and ERGO Digital Ventures – has sold four ERGO International subsidiaries to Bulgaria-based Euroins Insurance Group (EIG) for an undisclosed amount.
Last month, the company said it plans to sell its Russian...
British clothing retail giant Next and Next Children is planning to leave the Russian market, news outlet RBC reported on Thursday, citing a reference to sources in the commercial real estate market.
Due to the devaluation of the ruble, companies have not been able to maintain a sufficient level of...
Russian banks have asked the central bank to resume buying gold for its reserves with exports of the precious metal hobbled by the coronavirus outbreak, their lobby group said, according to Reuters.
The country is the world's third-largest gold producer after China and Australia but the almost global grounding of...
An eccentric Russian mathematician who founded the notorious MMM pyramid scheme in the early 1990s that swindled millions out of their savings has died, his assistant said Monday.
Sergey Mavrodi, whose bespectacled face once featured on vouchers issued by the grandiose scheme, died at age 62, his assistant Alexander Vlasov...
The Bank of Russia’s updated macroeconomic forecasts published on Monday show that the regulator does not rule out oil prices falling to $25 per barrel in 2020, Banki.ru reports.
The central bank’s risk scenario could be triggered in case of lower demand for energy products around the globe and worsening...
Russian President Vladimir Putin has signed a law ratifying the protocol to the intergovernmental agreement on providing a loan to Venezuela by Moscow, which guarantees timely debt repayment to Russia, RIA Novosti reported.
The law was published on the official website of the legal information of the Russian government on...
Russian officials said on Wednesday that the lifting of US sanctions on the company in charge of the Nord Stream 2 pipeline might help Moscow's tense relations with Washington, following a claim that the Biden administration was planning to do so.
Dmitry Peskov, a Kremlin spokesman, said it would be...
In a Facebook post, Russian Embassy in the US slammed a series of the New York Times articles criticizing Russia, which won the Pulitzer Prize on Monday calling them Russophobic fabrications damaging the newspaper’s reputation, TASS informed.
"Three years ago the Pulitzer Prize was awarded to the New York Times...
