The Russian ruble has fallen to its lowest level in months as eye-watering macroeconomic data and fears of renewed coronavirus outbreaks in Europe send investors flocking into safe haven assets, The Moscow Times reported.
Against the U.S. dollar the ruble printed 73.5 Friday morning in Moscow, having lost more than...
X5 Retail Group, which manages the Pyaterochka, Perekrestok and Karusel chains, can open new stores in St. Petersburg without increasing their total area, according to a statement from the St. Petersburg Office of the Federal Antimonopoly Service (FAS), RIA Novosti reported.
UFAS reported last May that X5's share of the...
The European Union will remain closed to citizens of Europe’s largest country for at least another fortnight. That’s according to news agency TASS, citing a source in an EU member state’s delegation to Brussels, RT reported.
Eurocrats will make their updated “white list” public in the coming days, and it...
Sberbank will acquire a 6.95% treasury stake from Rambler Group and a 1.5% stake directly from A&NN, the second shareholder of the group, which will increase the share of Russia’s top lender in Rambler’s capital to 55%, the bank said in a statement on Wednesday, TASS reported.
"Sberbank plans to...
Fitch Ratings has affirmed China’s long-term foreign-currency issuer default rating at ‘A+’ with a stable outlook, supported by the country’s robust external finances and track record of strong macroeconomic performance, RT reported.
According to Fitch, the ratings are primarily constrained by large structural vulnerabilities in the financial sector, relatively low...
Russian President Vladimir Putin announced on Sunday the Russian navy's capabilities were growing and that it would be equipped with hypersonic nuclear strike weapons and underwater nuclear drones, DW informed.
According to Putin, Russia would be armed with 40 new vessels this year but he did not specify when it would...
Russia has reportedly delivered the second S-400 Triumf missile defence system to China amid rising tensions with the US. The S-400s were reportedly delivered via maritime transport, the handover certificate was signed in December in China, a military-diplomatic source told Russian news agency – TASS.
“Delivery of a second S-400 regimental...
Russia’s government has approved ratification of a free trade zone agreement between the Eurasian Economic Union (EAEU) and Serbia, according to a statement released on the cabinet’s website on Saturday, TASS reported.
"To approve the draft federal law ‘On ratification of agreement on free trade zone between the Eurasian Economic...
The term of social entrepreneurship was officially introduced in Russia exactly a year ago, on July 26, whereas now the number of such enterprises stands at around 50,000, President of Russia’s Chamber of Commerce Sergey Katyrin told TASS.
"Today there are around 50,000 companies involved in social entrepreneurship in Russia,"...
Russian Ministry for the Development of the Russian Far East will prepare proposals on cuts of taxes and insurance fees for investors that implement project on the Kuril Islands, Ministry press service told TASS.
"Russian Ministry of Finance and the Ministry for the Development of the Russian Far East were...
