The European Union should refrain from actions that could backfire when working out restrictive measures against Russia over Alexei Navalny, Austrian Foreign Minister Alexander Schallenberg said on Sunday, as reported by Sputnik News.
Austria will support the introduction of sanctions as long as the list of targets is "politically literate...
The United States has imposed several rounds of sanctions on the Nord Stream 2 project in recent years, Sputnik News reports. However, Germany and Austria have rejected calls to abandon the project despite the U.S. pressure.
The U.S. Department of State is not proposing new sanctions against the Nord Stream...
Russia’s Yandex, which on Tuesday reported a 2% rise in 2020 net profit, plans to spend $400 million-$500 million on an e-commerce push this year to help annual revenue reach 305-320 billion rubles ($4.1-4.3 billion), its finance chief said, Reuters reported.
Yandex’s core advertising business took a hit during the...
Russian retail investment into stocks and bonds has finally taken off after decades of effort by the financial authorities. In 2020 retail investors put 638bn rubles ($8.6bn) into foreign stocks and bonds, according to the Central Bank of Russia, bne IntelliNews reports.
Russians have been moving money out of their...
Two large amphibious assault ships of the improved Project 11711 currently under construction at the Yantar Shipyard on the Baltic coast will displace 40% more tonnes compared to standard warships of this class, Shipyard CEO Ilya Samarin told TASS on Wednesday.
"Standard ships displace about 6,000 tonnes whereas upgraded...
Russia’s Sibur co-owner Leonid Mikhelson said on Tuesday that “now is not the worst time” to conduct an initial public offering of the petrochemical company, Reuters reports citing RIA news agency.
Mikhelson, who is also chief executive and a major shareholder in gas producer Novatek, said that the gas company...
The Russian Auction House has sold an infamous statue of a local fairytale hero for 2.6 million rubles ($35,500) Monday after a town in southern Russia dismantled it following a public outcry, The Moscow Times reports.
Authorities in Novovoronezh heeded mounting calls to take down the metal Alyonka sculpture shortly...
Russian Prime Minister Mikhail Mishustin signed a decree expanding the list of Ukrainian companies that have economic sanctions imposed on them in connection with unfriendly actions of Ukraine. The document was published on the official portal of legal information on Friday, TASS reported.
The document introduces amendments to Appendix No....
Vaccination of the population and expectations of further budgetary support measures in certain countries promote the prices increase in financial and commodity markets, the Bank of Russia says on Friday, as reported by TASS.
"Accelerated vaccination rates, as well as expectations of additional fiscal support measures in certain countries, contribute...
