Russia’s second largest lender VTB Bank revised up its retail lending growth forecast for 2020 to around 6% from a base scenario of 1.8% in May, a board member said on Wednesday, citing low real interest rates and increasing mortgage loans, Reuters reported.
The central bank cut its benchmark interest...
Russia’s Finance Ministry said on Wednesday it had proposed to the Netherlands to revise the countries’ bilateral tax agreement and raise taxes on dividends to 15%, Reuters reported.
President Vladimir Putin proposed this year that a 15% tax on all interest and dividend payments leaving Russia be imposed starting next...
Russia’s richest are $27.89 billion poorer than they were at the beginning of the year, when the coronavirus started spreading across the globe, according to Bloomberg Billionaires Index (BBI), Russia Today reported.
While some tech moguls such as Jeff Bezos and Mark Zuckerberg have seen their net worth skyrocket by...
Russia’s further gradual economic recovery may be unstable amid restrained consumer behavior, the Central Bank said in its report on monetary policy, TASS writes.
According to the Bank of Russia, further gradual economic recovery can be unsustainable due to the decline in income, restrained consumer behavior, cautious business sentiments, as...
Russia’s Defense Ministry is concerned over the human factor as one of the causes of air incidents and is taking special measures, Defense Minister Army General Sergei Shoigu said at the ministry’s conference call on Tuesday, TASS reported.
"We are somewhat concerned over the so-called human factor, which is one...
The MC-21 passenger jet equipped with PD-14 engines produced in Russia will make its first flight by the end of the year, Chief Executive Officer of the United Aircraft Corporation (UAC) Yuri Slyusar said on Monday at the meeting with President Vladimir Putin, TASS reported.
"Our latest event in...
Gold continued its rally amid global pandemic uncertainty, with prices hitting new records to start the week. The price of metal for immediate delivery closed in on $2,000 an ounce, Russia Today reported.
Spot gold rose as much as 0.6 percent on Monday to $1,988.40 an ounce, while most-active futures...
Attempts to gain military superiority in Europe could trigger a situation resembling the Cold War times, Russian Deputy Foreign Minister Alexander Grushko told TASS commenting on the 45th anniversary of the Helsinki Final Act.
"I think that it should be understood sooner or later that a policy that fails to...
Six new projects, worth $20 billion in total, may soon be added to an already long list of Russia-China joint investment initiatives, Russia’s Ministry of Economic Development has revealed, Russia Today reported.
The proposal has been reviewed by a special working group, the Intergovernmental Russian-Chinese Commission for Investment Cooperation, which...
Russian businessman Roman Abramovich and his partners are selling a 40.06% stake in Russian mid-sized gold producer Highland Gold to a Russian businessman, who will make a cash offer to remaining shareholders, they said on Friday, Reuters reported.
Abramovich, Chelsea soccer club owner, is selling Highland Gold, in which he...
