The opening of a dialogue on Russia’s potential comeback to the Group of Eight (G8) is "a small, yet important" signal for business, the head of the American Chamber of Commerce in Russia (AmCham Russia) Alexis Rodzianko told state-run news agency TASS.
"I can say that from the standpoint of business,...
Russian nationwide food and necessities delivery service SberMarket has unveiled its 1Q20 performance figures, which show the company's turnover increased five-fold to 1.5 billion rubles ($20.07 million) year-on-year, Retail & Loyalty reports.
Compared to 4Q19, the metric soared 74%. The number of orders delivered in 1Q20 also increased more than...
Russia is considering a slew of major commercial projects in Syria, and will spend $500 million on the modernization of the commercial port of Tartu, Deputy Prime Minister Yuri Borisov said after meeting with Syrian President Bashar Assad in Damascus, RBC reports.
The four-year modernization program envisages an overhaul of...
Canadian mining company Kinross Gold Corp. will buy a gold project in eastern Russia for $283 million from Cyprus-registered N-Mining Ltd, the company said, according to Kitco News.
The Toronto-based miner says the deal, which would add the third gold mine in Russia to its assets, includes payment of about...
About one half of executives (51 percent) in a new study by Deloitte see better financial prospects for Russian companies in the near future, NewRetail.ru reports.
Participants were asked to evaluate business prospects regarding the development of companies in Russia in comparison to six months ago. The study is based...
The head of Russia’s sovereign wealth fund RDIF, Kirill Dmitriev, has pledged to continue developing partnerships with Saudi Arabia despite energy tensions between the two countries, Reuters reported.
The high-ranking official made his remarks as Saudi Arabia prepares to increase production to record levels, waging an oil price war against Russia,...
The Russian President’s spokesman Dmitry Peskov told reporters in Moscow that only the law can grant guarantees for businessmen willing to come back to Russia from the United Kingdom, TASS agency reported.
Peskov was responding to questions after dozens of Russian businessmen residing in London have asked President Vladimir Putin to...
The Russian trade minister has called on the members of the BRICS trade alliance to increase the volume of settlements in national currencies to be more independent from Washington’s policies, Russia Today writes.
Denis Manturov suggested the possibility of boosting non-dollar settlements during a videoconference with fellow BRICS trade ministers...
The third biggest supermarket chain in Russia, Lenta, has reported its first ever drop in revenue after sales declined by 0.4% y/y in 3Q19 to 100.4 billion rubles ($1.6 billion), bne Intellinews reports.
The entire traditional retail industry is going through a rough patch as shopping habits in Russia are...
