Sheremetyevo International Airport on Wednesday temporarily closed Terminal D for arrivals and departures beginning. The closure will last until further notice, Yahoo Finance reported.
Sheremetyevo has taken this measure because of the reduction in passenger traffic and the introduction of additional restrictions on international air transportation. Specifically, the Government of...
As many as 90% of the restaurants, cafes, and bars in Moscow might not survive the ongoing city-wide lockdown forced onto the Russian capital by the coronavirus pandemic, an industry representative has warned, according to Vedomosti.
The Federation of Restaurateurs and Hoteliers (FRIO) said the industry is facing a “great...
Russian fashion retailers are going to have to cope with tough times amid the coronavirus outbreak which has forced Russians into self-isolation, Kommersant writes.
Sales of clothing, shoes, and accessories are expected to plunge by 20-30% depending on how long the lockdown lasts. A surge in online trade will not...
U.S. President Donald Trump said Tuesday he was ready to help resolve the escalating Saudi Arabia-Russia oil price war, DW reported.
The threat of a global recession triggered by the coronavirus pandemic had already hammered prices when Riyadh said last month it would raise exports after the two sides failed...
Russian Prime Minister Mikhail Mishustin has instructed Moscow Mayor Sergei Sobyanin to use the city’s mobile networks to monitor lockdown compliance, RBC reported.
A relevant order was published on the government’s website following a meeting of the Coordination Council on Coronavirus Response.
"Moscow Mayor Sergei Sobyanin has to ensure the monitoring...
Oil prices have rallied after a phone call between Donald Trump and Vladimir Putin raised hopes that tensions between Moscow and Saudi Arabia may start to ease, Money Control reported.
Brent crude prices rose as much as 3.5% to $23.55 overnight, after hitting an 18-year low of less than $23...
Last week, on March 25, a regular meeting of the Board of Directors of Sheremetyevo International Airport JSC (SIA JSC) was held in correspondence form. At the meeting, among other issues, the financial statements of SIA JSC for 2019 were approved, prepared in accordance with Russian Accounting Standards (RAS).
According...
The Russian Finance Ministry announced this month it has transferred last year's budget surplus to the country’s National Welfare Fund (NWF), which now amounts to about 12,200 billion rubles ($157.2 billion), or 11% of Russia’s GDP, TASS reported.
The reserve fund can be used to cover a budget deficit in...
The onset of a recession in the Russian economy this year is unavoidable, experts told Nezavisimaya Gazeta, with more pessimistic analysts predicting an up to 7% decline in GDP.
International rating agency Standard & Poor’s (S&P) forecasts a 0.8% decline in Russia’s economy. Experts told the newspaper that quarantine measures...
Russian President Vladimir Putin and U.S. President Donald Trump discussed oil and the spread of the coronavirus in a phone call on Monday, and ordered their energy ministries to hold further talks on global oil markets, Bloomberg reported.
The Kremlin did not say what exactly the ministers would discuss, but...
