World banks may lose over $6 billion from the downfall of the US investment firm Archegos Capital, sources told Reuters. Regulators are closely monitoring the situation as panic spreads about the possible scale of the fallout, RT writes.
The sudden liquidation of the New York-based billionaire Bill Hwang’s Archegos Capital...
Russians' real disposable incomes have fallen to an eight-year low as a result of the coronacrisis, declining by 3.5% in 2020, according to Rosstat, but the outlook for 2021 is brighter, bne IntelliNews reports.
Real disposable incomes are down by more than 10% from their 2013 level, the last year of...
Exports from Russia’s regions bordering Kazakhstan, the Altai Region, the Novosibirsk Region and the Omsk Region, to the neighboring republic increased in 2020 despite the coronavirus pandemic, representatives of the regions’ relevant ministries told TASS.
Kazakhstan is one of Russia’s biggest trade partners, in Siberian regions the neighboring country is...
Russia said on Friday that Norway had blocked the sale of a Norwegian maritime engine maker to a Russian company on a far-fetched pretext of national security, and accused Oslo of trying to curtail Moscow’s commercial activities.
Norway’s justice minister told parliament on Tuesday that Oslo would block Rolls-Royce from...
The European Union’s anti-Russian sanctions and Moscow’s retaliatory embargo seriously harm the economies of the EU and Russia and must be cancelled as soon as possible, President of the Hellenic-Russian Chamber of Commerce Pantelis Skarlatos told TASS.
According to Skarlatos, the EU-Russia trade turnover, which stood at $417.66 billion in...
Russian tycoon Roman Abramovich has filed a lawsuit against the author and the publishers of a sensational book in which it's alleged that he'd bought Chelsea Football Club on the direct orders of Russian President Vladimir Putin.
In a statement issued on Tuesday, Abramovich’s legal team said the the book,...
Russian entrepreneurs consider the idea of a reduced employment format for doing business utopian; most of them also do not support the division of working conditions on the basis of gender, calling it a "step backward," representatives of the business community told TASS on Monday.
On March 11, the ombudsman...
The growth of a business in Russia is dependent on many things. The perfection of the production and service delivery is elemental. After working on the brand, think of channels to sell it to the public. Find the right clients. Having a wide connection with customers keeps them loyal...
The volume of trade between Russia and the European Union declined by 21% last year to $219 billion, according to the Russian Deputy Foreign Minister Alexander Grushko, RT informed.
He said during a round table titled ‘Russia-Europe: realities and prospects’ in the State Duma that Russia’s “Trade turnover with the...
The governor of Russia’s Penza region and a leading pharmaceutical executive have been charged in a large-scale bribery case, Russia’s Investigative Committee said Monday, The Moscow Times reports.
Ivan Belozertsev, Biotek pharmaceutical group founder Boris Spiegel and suspected accomplices were detained over the weekend on suspicion of exchanging bribes for...
