Russia’s Economic Development Minister Maxim Reshetnikov has ruled out the possibility of a sovereign default in Russia similar to the one the authorities announced in 1998, Lenta.ru reported.
During an interview on Russia’s Channel One, Reshetnikov answered "No" to a question if there is at least a minimal probability of...
A Russian business delegation visited Myanmar earlier this week to discuss investment opportunities in the Asian country, MMTimes reports.
U Thaung Tun, Myanmar’s Minister for Investment and Foreign Economic Relations welcomed the delegation in Nay Pyi Taw, where the group discussed opportunities for investments and trade.
Timur Maksimov, Deputy Minister for...
Italian bank Intesa will continue working with Russian companies under sanctions, but without violating the restrictive measures imposed on them by the United States, the Chairman of Intesa’s Supervisory Board Antonio Fallico said.
"We are an international company and we are forced to comply with the sanctions regime, but we...
The Bitcoin exchange rate on Friday for the first time since February of this year crossed the psychological threshold of $10,000 as evidenced by the data of the electronic cryptocurrency exchange Coindesk.
As of 03:17 Moscow time, the Bitcoin exchange rate has declined and is trading at $9,930 (+ 8.19%)....
Russia’s communications watchdog, Roskomnadzor, has blocked roughly 1,000 hyperlinks to different Internet resources mentioning VTB Bank, its president, Andrey Kostin, and TV news anchor Nailya Asker-Zade, Vedomosti reports.
A source at the Internet freedom project Roskomsvoboda told the business newspaper that the state censor is enforcing two court rulings handed down last...
Sberbank CEO Herman Gref sent a letter to President Vladimir Putin late last week in which the head of the nation’s top lender warned about the risks the oil refining industry and its lenders are facing as a result of the conclusion of the tax maneuver in the oil sector.
According to...
Russians are still guided by emotions when buying luxury goods, despite declining incomes having forced them to give up on entertainment and travel, a new Nielsen poll reveals, according to Kommersant.
Experts speaking to the business-oriented newspaper believe that Russians seek to use luxury goods to emphasize their status.
Up to...
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...
A 10 billion ruble ($157.26 million) bond issue was placed by Belarus on the Russian market on Tuesday with demand exceeding 45 billion roubles, according to the vice president of Russia’s Gazprombank, one of the placement’s organizers.
The country placed two issues of non-convertible interest-bearing series 3 and 4 bonds...
A major infrastructure project in Iran worth $180 million is in doubt after a Russian company commissioned to build a water desalination plant pulled out of the deal, Kommersant reported on Thursday.
The Russian-Middle Eastern Export Center now refuses to carry on with the project, citing the return of U.S....
