The Russian government has completed the purchase of a majority stake in Sberbank from the Bank of Russia in a 2.1 trillion ruble ($28.5 billion) deal, Vedomosti reported.
The government tapped into its sovereign wealth fund to finance the unorthodox purchase, which was first rumored to be on the cards...
The number of novel coronavirus cases in Russia has risen by 2,186 over the past day, reaching 15,770 in 82 regions, the anti-coronavirus crisis center reported on Sunday, TASS reported.
Some 1,291 people have recovered and 130 others have died.
"In Russia the cases of coronavirus infection have risen to 15,770...
The combined impact of the coronavirus outbreak and the breakdown of the OPEC+ oil production pact between Russia and Saudi Arabia has brought sharp volatility to Russian stock markets and swings in the value of the ruble, The Moscow Times writes.
Oil prices fell again Friday as investors grew increasingly...
The Eucofel association, which brings together national and regional fruit & vegetables producers federations and companies from Spain, France, Germany, Greece, Italy, Poland, and Portugal, has called on Brussels to resume dialogue with Russia to try to reopen the market for European agricultural food products, as a measure to...
Credit rating agency Fitch has affirmed the Russian Yamal-Nenets Autonomous District's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'BBB' with Stable Outlooks and Short-Term Foreign-Currency IDR at 'F2', it said in a statement.
The region's senior unsecured debt ratings have been affirmed at 'BBB'.
“The affirmation reflects Fitch's expectations...
Oil prices dropped on Friday as traders feared that an OPEC deal to slash global supplies by 10% would not be enough to offset a historic drop in demand due to the coronavirus outbreak, The Associated Press reports.
The price of Brent crude fell nearly 2.5% to $31.82 per barrel...
Russians have started to sell older smartphones more often and became more interested in used and refurbished devices, as incomes are falling due to the virus lockdown imposed in the country, Kommersant writes.
Demand for such electronics has grown by 40% in recent weeks, according to a report by SmartPrice,...
Alexander Ponomarenko, Chairman of Sheremetyevo’s Board of Directors, discussed the airport's response to the pandemic and the prospects for resuming normal airport activity in an interview with Forbes Russia.
Forbes Russia: The aviation business was affected by the coronavirus pandemic most significantly. Based on what scenario are you planning the future...
The number of passengers flying with Russian airlines fell by 26.6% in March, federal aviation agency Rosaviatsiya said on Thursday, according to Rusaviainsider.com.
Amid heavy restrictions imposed to curb the spread of the coronavirus, Russian carriers served 6.57 million people in March, a sharp decline year-on-year. First-quarter numbers were also...
Russia plans to retain the position of the biggest global wheat exporter, press service of the Agriculture Ministry said on Friday with reference to minister Dmitry Patrushev, according to TASS.
"Russia will continue boosting food trade both with Saudi Arabia and other priority markets in the future, due to which...
