The African Export-Import Bank is interested in buying Russian COVID-19 vaccines and is looking into ways to start producing them on the continent, according to Amr Kamel, the bank's executive vice president, who added that the two parties are now in negotiations.
Russia is one of the prospective partners, according...
Russian banks VTB and VEB announced in a statement on Thursday that they will give finance to Russian Platinum, which is supported by entrepreneur Musa Bazhaev, for the development of the Chernogorskoye platinum group metals deposit in Siberia.
According to Kremlin spokesperson Dmitry Peskov, the total investment in the project...
According to a senior official, the Russian government would spend up to 400 billion rubles ($5.5 billion) yearly from the country's National Wealth Fund to expand public investment in infrastructure projects and fund its growth agenda.
First Deputy Prime Minister Andrei Belousov told reporters at the St. Petersburg Economic Forum...
Payment system SWIFT is going to "shoot itself in the foot" if it disconnects from Russia, said the Anatoly Aksasov, Chairman of the State Duma Committee on Financial Market, who was present at the SPIEF.
Such limitations may jeopardize Russia's financial stability while it adjusts to the circumstances.
In turn, in...
The Ministry of Health of the Republic of Mauritius has approved the use of Sputnik Light, a single-dose vaccine against coronavirus, the Russian Direct Investment Fund (RDIF) said in a press release on Wednesday.
The Ministry of Health and Wellness of the Republic of Mauritius has approved the Russian single-dose...
The official US delegation will not attend the St. Petersburg International Economic Forum, but embassy staff will be present on the Forum floors to help U.S. business leaders, according to Jason Rebholz, communications secretary for the U.S. Embassy in Moscow.
This year's St. Petersburg International Economic Forum takes place from...
The St. Petersburg International Economic Forum began on Wednesday, becoming the largest economic forum to be held during the pandemic, Russian media reported. The main event of the forum will include Russian President Vladimir Putin addressing the attendees at the plenary session.
One of the key topics of the forum...
Russia's financial reserves are "large enough" and distributed in such a way as to withstand any geopolitical scenario, the head of the Bank of Russia, Elvira Nabiulina said in an interview with CNBC.
"Russia's financial reserves are extremely diversified. US sanctions pose a constant risk for Russia. That is why...
More than 320 agreements are being prepared for signing at the annual St. Petersburg International Economic Forum (SPIEF), which starts on Wednesday, Russian media informed.
“As of today, more than 320 agreements are being prepared for signing at the St. Petersburg International Economic Forum,” Alexander Stuglev, director of the Roscongress...
The Bank of Russia is conducting supervisory stress testing (NST) of 30 banks in 2021. Credit institutions will present their stress test calculations based on a single scenario, taking into account the methodological recommendations of the Central Bank, Russian media reported.
"The Bank of Russia will analyze the calculations of...
