Yandex.Taxi, a joint venture by Russia’s tech giant Yandex and U.S. ride-hailing company Uber, has chosen U.S. banks Morgan Stanley and Goldman Sachs along with Russian investment lender VTB Capital to prepare the company’s initial public offering (IPO), Reuters reports.
Last month, Bloomberg reported citing a source familiar with the situation that Yandex.Taxi is...
Liquefied natural gas, the share of which in the world market is on the rise, is becoming a key rival for Russia’s pipeline gas, Nezavisimaya Gazeta writes.
As the price of LNG is falling, foreign analysts warn that in the near future LNG would overtake the share of pipeline gas,...
Several Chinese business executives present at the ongoing “Russia Calling” investment forum have lobbied for the use of their country’s currency for payment and investment in Russia, Forbes writes.
The executive director of the Silk Road Fund, Yanzhi Wang, was the first to bring up the question of using the...
Workers at the railway depot in Gyumri, the second-largest city in Armenia, turned to the country’s authorities after coming to work and finding that several conductors invited from Russia had taken their place, ArmTimes.com reports.
South Caucasus Railway is a wholly owned subsidiary of Russia’s state-controlled Russian Railways. In 2008, Armenia...
Russian airlines are looking for compensation from the government after the Kremlin’s ban on direct flights to Georgia cost them a combined 3.2 billion rubles ($50 million), Vedomosti reported Wednesday.
President Vladimir Putin ordered a temporary ban of passenger flights from Russia to Georgia this summer following an outbreak of unrest in...
Russian President Vladimir Putin said at an investment forum in Moscow on Wednesday that Washington aims to deter the development of Russia and China, which according to the Russian leader is “a serious mistake,” Regnum reports.
“Balanced international economic relations is not their main goal, but their main strategic...
Russian telecoms operator MTS has reached 2,971,000 residential subscribers to its TV services in the home market, 118,000 more than a year earlier, Broadband TV News reported.
Meanwhile, the number of residential internet customers, also in the company’s fixed-line business, grew by 191,000 to 3,373,000 over the same period.
At the same...
A new Center for conciliation procedures under was opened in Moscow on Tuesday by the Russian capital’s Business Rights Commissioner Tatyana Mineyeva, her press-service told TASS on Wednesday.
The Center has been launched to facilitate conciliation and mediation procedures with participation of independent negotiators, the statement reads. According to Mineyeva, many applications...
The biggest shareholder in Russian mining and smelting giant Norilsk Nickel (Nornickel), Vladimir Potanin, said on Wednesday he may raise his stake in the Russian mining giant if the opportunity arises, Reuters reports.
The businessman currently owns 34.6% of the company, which is the world's largest palladium producer with a market...
The direction that the Russian economy will take will continue to depend on global oil prices, the chief executive of the Russian Direct Investment Fund (RDIF) has said, according to CNBC.
Kirill Dmitriev added however that the country’s alliance with major oil producer group OPEC (known as OPEC+) is “ready to act”...
