Ozon's chief operating officer informed Reuters that the company aims to reach $34 billion in online transaction volumes in five years, accounting for a third of Russia's rapidly expanding e-commerce market.
Ozon, one of Russia's largest e-commerce companies, reported triple-digit gross merchandise volume (GMV) growth for the sixth quarter in...
On Thursday, Russia's Supreme Court dismissed a case filed by Gilead Sciences, contesting the Russian government's decision last year to allow a Russian pharmaceutical business to develop the COVID-19 medicine remdesivir without Gilead's agreement.
According to Reuters, as part of its humanitarian relief donations, Pharmasyntez dispatched a generic version of...
On Thursday, a Russian court said that Twitter had received two fines totaling 7 million rubles ($95,310) for failing to erase unlawful information, Reuters reports.
In recent months, Russia has made moves to control and limit the dominance of social media and technological behemoths.
Later in the day, further penalties are...
The World Bank raised its forecasts for Russian economic growth in 2021, citing signs of improvement in the labor market, but warned that planned fiscal consolidation could stymie the expansion.
The Russian economy is on track to rebound this year, after contracting by 3% in 2020 due to the COVID-19...
Russian President Vladimir Putin signed a law on measures to support families with children and single women registered in early pregnancy, Russian media report.
According to the new law, which will enter into force on July 1, incomplete families with children from 8 to 17 years old will be assigned...
After the incident with a Ryanair plane in Minsk, the United Kingdom's plan to impose limitations on the Nord Stream 2 gas pipeline is absurd and reminiscent of Russophobia, Russian State Duma Foreign Affairs Committee Chairman Leonid Slutsky told TASS on Monday.
Following the incident with the Ryanair flight, British...
Unemployment in Russia fell from 6.4 to 5.4 percent, as million new jobs have been created, presidential aide Maxim Oreshkin said during the "New Knowledge" forum in Russia.
Russia's labor market is expected to recover to pre-crisis levels by the end of 2021. The revival in the labor market was...
The Central Bank of the Russian Federation announced its decision to tighten the regulation of mortgage loans with a low down payment (below 20% of the cost of housing) from August 1, 2021, Russian media writes.
For loans starting from August 1, the premiums to risk ratios will increase...
Russia has secured 1.5 billion euros ($1.8 billion) in its first foreign debt offering since the United States barred American banks from purchasing Russian government debt as part of the new round of sanctions against Moscow.
Foreigners bought almost half of the so-called Eurobonds, which are government debt coupons denominated...
The Russian Federation is on the last lines in the top ten in terms of investments in defense, ahead of the United States and even Japan, there is no militarization of the economy in Russia, Russian President Vladimir Putin said on Thursday at a meeting of the Victory organizing...
