Russia’s state holding company Rosneftegaz has relinquished its controlling stake in the country’s largest oil producer, Rosneft, the company said on Friday, after Rosneft’s exit from Venezuela.
Rosneft disposed of its assets in Venezuela two months ago as the United States stepped up sanctions against the firm, Reuters writes.
Analysts have...
Russian banks issued interest-free loans worth 50 bln rubles ($698 mln) to businesses to support employment as of May 22, the Economic Development Ministry said in a press release on Friday. Over the week the amount of issued loans increased by 18.3 bln rubles ($255 mln), the ministry said.
As...
Russia has reached the coronavirus plateau, Head of the Federal Service for Surveillance on Consumer Rights Protection and Human Wellbeing Anna Popova said during Friday’s online meeting on the coronavirus situation, which involved President Vladimir Putin, TASS reported.
"Researchers and medical practitioners are clear that, according to the monitoring data...
Russian authorities confirmed their intention to implement the Open Skies Treaty, the fate of which will be decided at a conference of the member-states, the Russian mission to NATO told TASS on Friday following an emergency meeting of the North Atlantic Council.
The meeting was convened to discuss the United...
Cargo-only transit through Sheremetyevo Airport increased by 3.5 times from May 1 to May 18 compared to the same period in April, when Moscow Cargo handled more than four thousand tonnes of medical cargo from international airlines. Moscow Cargo is Sheremetyevo’s cargo operator.
Air transport has played a critical role...
Russia’s economy could contract by more than 8% in the second quarter of 2020, central bank governor Elvira Nabiullina said on Friday, adding that the bank would revise its most recent gross domestic product forecast, Reuters reported.
Nabiullina said cutting Russia’s benchmark interest rate by 100 basis points from 5.5%...
The right of the entire business community to terminate lease agreements ahead of schedule without penalty charges will lead to large losses for owners of commercial real estate and for the banking industry, Sberbank CEO Herman Gref wrote in a letter to Deputy Prime Minister and Chief of Staff...
Russian Railways has developed the quantum communications development roadmap and submitted the draft paper to the government for approval, the railway operator said on Thursday, TASS reported.
The roadmap comprises development of nine priority technologies and fifteen products by 2024 along with over 35 key performance indicators, such as production...
Ramzan Kadyrov, the strongman leader of Chechnya, is in hospital in Moscow with coronavirus symptoms, Russian state news agencies said late on Thursday, Guardian reported.
The news was reported by two Russian state news agencies, RIA Novosti and TASS, both citing a “source in medical circles”. If true, it would...
Russia's finance ministry continued to place record-high volumes of OFZ bonds on weekly auctions, selling RUB170bn ($2.4bn) worth of federal bonds in three issues to meet a total demand of over RUB230bn ($3.2bn) this week.
As reported by bne IntelliNews, on strong guidance from the Central Bank of Russia (CBR) for...
