State Development Corporation VEB.RF provided its first guarantees in the amount of 20 billion rubles each in favor of Sberbank and Bank VTB.
In total, VEB.RF plans to provide guarantees for a total amount of up to 100 billion rubles in favor of the backbone banks of Russia and for...
The Russian authorities have issued special permits to seven domestic airlines to transport cargo in the passenger cabin when no passengers are on board, the state aviation agency Rosaviatsiya said last week, according to Reuters.
The move comes as the coronavirus outbreak has halted the majority of flights and the...
Russia has decided to stop grain exports after a self-imposed quota on shipments was reached this weekend, two months ahead of schedule, TASS reports.
Exports for April through June reached the quota of 7 million tons yesterday, the Agriculture Ministry said in a statement.
Grain shipments will be halted after the...
Russia’s Prime Minister Mikhail Mishustin instructed the Ministry of Labor, the Ministry of Economic Development, the Federal Service for Surveillance on Consumer Rights Protection and Human Wellbeing, and the Ministry of Health to prepare proposals for phasing out restrictions on the activities of organizations and individual entrepreneurs, according to...
Biosan, a company based in the Siberian city of Novosibirsk, will open a new production line to double the production of one of the basic components for novel coronavirus testing kits, TASS reported.
Earlier, Russian Industry and Trade Minister Andrei Goncharov said the ministry would assist the company in receiving...
O3 Group, a part of VEB Ventures project portfolio, launched a new product: professional disinfectant antiseptic TRIOKLIN PRO™ 0090.
The product is designed to ensure the safety of citizens and disinfection measures. Competence of the O3 Group in development of new products, its own R&D center in Skolkovo and production...
A Russian cargo capsule with 2.5 tons of supplies docked with the International Space Station (ISS) on Saturday after the fastest such trip yet from earth, the state space agency Roscosmos said, according to AP.
The Progress capsule was launched atop a giant Soyuz rocket from the Baikonur Cosmodrome in...
The Bank of Russia reported this week that the country’s financial institutions received 994.300 requests from borrowers asking them to change lending conditions against the backdrop of the coronavirus pandemic, RBC reported.
The data was obtained from a survey of 60 credit institutions that issued almost 95% of consumer and...
One of the biggest stadiums in Russia, St Petersburg’s Gazprom Arena, expects to receive compensation from the Union of European Football Associations (UEFA) later this month for cancellation of Euro 2020, one of the world's biggest football tournaments, and derailed plans for summer matches scheduled to be played in...
