The seasonally adjusted IHS Markit Russia Services Business Activity Index jumped to a seven-month high of 55.8 in March, up from 52.2 in February, bne IntelliNews reports.
“The March PMI data indicated a faster rise in business activity across the Russia service sector. The upturn in output was the strongest...
Russian Foreign Minister Sergey Lavrov earlier said that the risks posed by US sanctions need to be alleviated by switching to alternative currencies and moving away from using the dollar, and underlined the need to switch to payments in national currencies and in world currencies, instead of the dollar,...
Russia’s Yandex.Lavka, the on-demand e-grocery delivery service launched by Russia’s NASDAQ-listed tech giant Yandex, last week announced its expansion to Kazan, bne IntelliNews reports.
The 1.3mn-strong city in the Russian Republic of Tatarstan joins Moscow, St. Petersburg, Nizhny Novgorod and the suburbs of Israel’s Tel Aviv, where Yandex.Lavka already operates...
Goldman Sachs’ Russian outfit has reported its best ever year during the pandemic, as stock market volatility and a number of high-profile Russian corporate deals took profits to a record high, the bank’s head said in an interview with business site RBC.
All of the bank’s divisions — investment banking, global markets...
A Russian court on Friday fined Twitter 3.2 million rubles ($42,011.29) over its failure to delete what the authorities said was banned content, Reuters reports.
Moscow said last month it had slowed the speed of U.S.-based Twitter inside Russia and on March 16 threatened to ban the social media service...
The international rating agency Moody’s has changed the forecast for the Russian banking sector for next 12-18 months from negative to stable, Vice President - Senior Credit Expert of the Agency Olga Ulyanova says on Wednesday.
"The forecast changes from negative to stable," she says, TASS reports.
The forecast revision is...
More than 10 mln packages of Russia’s Sputnik V COVID-19 vaccine were put into civilian circulation by late March, Inna Dolzhikova, the head of the Gamaleya Center’s State Collection of Viruses Laboratory, told a national congress.
"As of March 31, 2021 more than 10 mln packages of the vaccine were...
The international rating agency Moody’s has changed the forecast for the Russian banking sector for next 12-18 months from negative to stable, Vice President - Senior Credit Expert of the Agency Olga Ulyanova says on Wednesday, TASS informed.
"The forecast changes from negative to stable," she says.
The forecast revision is...
Recovery trends in the Russian economy are becoming stronger but the revenue base of certain regions is still unstable, President Vladimir Putin said on Wednesday at a meeting with Cabinet members, TASS writes.
"Recovery trends in the Russian economy are just becoming stronger. We know this well. Meanwhile not all...
