The Asian Infrastructure Investment Bank (AIIB) will begin offering local-currency financing in selected emerging markets including Russia, The Economic Times reports.
The program is set to begin this month, initially covering India, Indonesia, Thailand, Turkey, aside from Russia, the report said.
The local currency financing program will effectively shield borrowers from...
Russia wants to actively promote military and economy ties with Cuba, Russian Foreign Minister Sergey Lavrov said on Wednesday during a visit to Havana, according to News.ru.
Lavrov’s statement comes amid a trade embargo imposed on the Caribbean nation by the United States.
"We will support in all ways Cuba, Cuban people and...
Over half a million more Russians are living below the poverty line at the moment compared to early 2018, official data from the Federal Statistics Service (Rosstat) reveals, according to Lenta.ru.
Russia’s poverty rate reached 14.3%, or 20.9 million people, in January-March 2019, according to Rosstat. That’s up from 13.9%,...
United States National Security Adviser John Bolton said on Tuesday that Russia and China need to withdraw what he called their "intolerable" support for Venezuelan President Nicolas Maduro, DW reports.
As Washington steps up pressure on the Latin American leader to step down, dozens of country representatives gathered in the...
Despite continued challenges in Russia, Carlsberg’s key market, the Danish brewer reported a 6.5% rise in half-year sales on Thursday, citing more expensive beer sold and improving operating margins, Reuters reported.
The brewer posted improved earnings but saw declining sales in its key Russian market due to tough competition and...
German banking conglomerate Deutsche Bank has agreed to pay a $16 million fine to U.S. authorities after it was revealed that it hired unqualified relatives of powerful Russian and Chinese government officials to win business, Bloomberg reported.
The U.S. Securities and Exchange Commission (SEC) alleged that Germany’s largest lender had...
Despite Washington’s sanctions policies and tensions between Russia and the U.S., top American companies intend to take part this week in the Eastern Economic Forum in Russia’s Vladivostok, Izvestia reports.
Around 20 U.S. companies, including IBM, MasterCard and McDonalds, have confirmed their participation in the event, the EEF’s press service...
Russia's trade surplus decreased 6.2 percent year on year to 104.8 billion U.S. dollars in January-July this year, the Russian Federal Customs Service said Wednesday, according to Prime news agency.
The trade surplus in the first seven months was 6.9 billion dollars less than during the same period last year,...
Russia's foreign trade surplus continues to shrink rapidly. In January-August 2019, in annual terms, it decreased by 8.7% to $100.8 billion, while in the first half of the year the rate of decline was only 3.4%, according to preliminary data from the Central Bank.
The reason is a decrease in...
The Moscow Exchange will convene the annual Moscow Exchange Forum: New York Session at the Roosevelt Hotel on Thursday, the exchange said in a statement.
The day will kick off with a panel discussion titled “When America sneezes, the whole world catches a cold. Is Russia immune?” Panelists will...
