Prominent Russian businessman and founder of car dealership Rolf, Sergei Petrov, says that the ongoing investigation into an alleged $63 million embezzlement was politically motivated.
Petrov and managers of his company are accused of transferring 4 billion rubles ($63 million) in 2014 to a Cyprus-registered company using fake documents, according...
Iranian President Hassan Rouhani has tasked the country’s Ministry of Industry, Mine and Trade to start implementing the free trade zone agreement with the Eurasian Economic Union (EAEU), the president’s press service reported on Monday.
Iran’s parliament, the Majlis, ratified the document in June.
The Eurasian Economic Union and Iran signed...
Russia's largest lender, Sberbank, has sued the former owner of the troubled Antipinsky refinery Dmitry Mazurov, accusing him and former head of the refinery Gennady Lisovichenko of large-scale embezzlement, Vedomosti reported this week.
The amount of embezzlement has not been disclosed, but sources in Mazurov’s company, New Stream, told Vedomosti...
The speaker of Russia’s Federation Council (the upper house of parliament), Valentina Matvienko, has said that rich Russians should not be discriminated against, RBC reports.
The senior official’s statement comes just weeks after Forbes published a ranking of the 100 wealthiest civil servants in Russia. Regional deputies, governors and federal...
The United States has imposed fresh sanctions on Russia over the 2018 poisoning of former double agent Sergei Skripal, an attack which took place in the United Kingdom, Forbes reported.
Washington will oppose "the extension of any loan or financial or technical assistance to Russia" by financial institutions and put...
The Russian Federal Antimonopoly Service (FAS) opened an antitrust investigation into U.S. tech giant Apple for restricting and removing parental control apps from its App Store shortly after the company released its own competing service, TechCrunch reported.
Russia said late Thursday that it would investigate whether Apple had violated Russian...
Belarus and Ukraine owe Russia close to 11.2 billion and the two countries are the largest debtors to Russia in terms of financial and export loans, Expres.by reported.
As of June 1, Russia’s biggest individual debtor was Belarus with $7.55 billion. Recent data from the Bank of Russia suggest that...
French carmaker Renault has started online car sales in Russia in partnership with local tech giant Yandex, Automotive News reports.
The first car sold by its new online sales platform was the Arkana SUV costing 1.5 million rubles (21,200 euros), Renault said. According to Yandex, the Renault platform was the first such...
Sberbank is not interested in owning the Antipinsky oil refinery, which filed for bankruptcy earlier this year, the lender’s deputy board chairman Anatoly Popov said on Wednesday, according to Reuters.
The largest privately-owned oil refinery in Russia halted operations on several occasions because of a lack of funds to...
Russia’s most valuable digital company, Yandex, is turning to VTB as its bank of choice for investment projects after a major tie-up between the internet giant and retail banking major Sberbank to create an online marketplace fell to pieces, The Bell reports.
According to the report, Yandex is now considering getting...
