For the first time in more than a decade, the owner of online retail store Wildberries, Tatyana Bakalchuk, has surpassed Yelena Baturina to reach the top spot among Russia’s wealthiest women, Forbes Russia reported Thursday.
44-year-old Bakalchuk, the founder and head of the private online clothing retailer, and Baturina, the wife of...
Singapore-headquartered commodity trading company Trafigura has said it will meet requirements of the U.S. Treasury Department, which recently imposed sanctions on Rosneft Trading within 90 days provided, Economic Times reports.
"Trafigura is aware of the addition by the U.S. authorities of certain Rosneft entities to the Venezuela related designations and the associated...
Russia’s telecommunications regulator Roskomnadzor has said it will mirror actions taken by its British counterpart Ofcom against the licence holder of the channel NTV-Mir Baltiya, TASS reports quoting the watchdog’s press service.
Earlier this week Ofcom fined the licence holder Baltic Media Alliance a UK-registered company, £20,000 ($26,000) for violating broadcast rules committed...
Rosimushchestvo, Russia’s federal agency with responsibility for the management of state-owned assets, has been approached by Sheremetyevo Holding Ltd with a view to it purchasing the state-owned shares of Sheremetyevo International Airport, according to several sources in the Russian government, as revealed to Vedomosti business daily, Rusaviainsider.com writes.
With 66.1...
Russian aircraft maker Sukhoi has not confirmed orders this year for its passenger jet, the Superjet 100, two sources told Reuters.
The company’s model, conceived as a rival to Airbus, Bombardier, and Embraer, now only has a long-standing deal with state carrier Aeroflot, two sources told Reuters.
The aircraft, which entered service...
Russian billionaire Andrey Goncharenko said on Tuesday he had given up his shares in Avia Invest, the company that has run Chisinau International Airport under a concession since 2013, EADaily reported.
Goncharenko, who owns a Gazprom subsidiary, said that in light of official plans to create a new national company to run...
Russia’s Foreign Ministry said Wednesday that the country’s entry ban for Chinese nationals will be partial and affect only those who travel with tourist, private, student or work visas, Interfax reported.
Visitors with official, business, humanitarian or transit visas will still be allowed into the country, the ministry said, clarifying the conditions of a sweeping entry ban for...
Iran will follow up on the issue of visa-free travel for mutual tourist groups with Russia at the upcoming Moscow International Travel & Tourism Exhibition (MITT) in March, the country’s tourism minister said on Monday, according to the Tehran Times.
“The Russian fair is very important so that we...
An increase in online theft that saw 6.4 billion rubles ($100.37 million) stolen from private and corporate bank accounts, a Bank of Russia report published on Wednesday shows, according to Amur Media.
The central bank said it had recorded more than half a million unauthorized operations across bank accounts in the country...
The Committee of Creditors (CoC) of bankrupt Indian airline Jet Airways, which was grounded last year, decided on Tuesday to extend the deadline for submission of bids to March 10 as Russian investors have shown interest in the carrier, a source told BloombergQuint.
The previous deadline for submitting the bids for...
