The Russian Direct Investment Fund (RDIF) is considering investments in the Botkin.AI platform developed by Intellogic LLC and the OSA Hybrid Platform, one of Russia’s leading companies in retail tech, the Fund said in a statement on Saturday, according to RIA Novosti.
Botkin.AI, a high-tech platform for medical image analysis, is...
Despite a stagnant economy weighed down by Western sanctions, e-commerce in Russia is continuing its explosive growth, AFP reports.
While the country’s economic growth stood at just 0.7 percent in the first six months of 2019, the Russian e-commerce market has expanded by 26 percent to 725 billion rubles ($15.45...
The construction of the second stage of the Bushehr nuclear power plant jointly with Russia has started in Iran, IRIB broadcaster has reported, TASS reported.
The ceremony was attended by Head of Atomic Energy Organization of Iran (AEOI) Ali Akbar Salehi.
The Bushehr nuclear power plant (NPP) is being developed as...
The Russian government was forced to delay plans to cancel 20,000 Soviet-era laws and regulations, as officials cannot find the original documents and wording of the decrees in question, Vedomosti reported.
The Justice Ministry wrote to the government yesterday requesting an extension to an original Nov. 15 deadline for the...
A 5.2% decline in sales of new passenger cars and light commercial vehicles (LCVs) was recorded in Russia in October 2019, according to the report by the Association of European Businesses (AEB) Automobile Manufacturers Committee overseeing the industry, Izvestia reports.
The Russian car market has been struggling to recover this year,...
The dollar-denominated Russia Trading System (RTS) index at the Moscow Exchange hit 1,471 on Thursday, its highest level in six years, while the ruble-denominated Moscow Exchange Index (MOEX) crossed above 3,000 for the first time ever, bneIntellinews reported.
Russia’s stock markets are not booming, but a savvy investor who invested...
Russia’s Ministry of Internal Affairs is reportedly working toward implementing a new law that would allow law enforcement to seize Bitcoin and other digital assets, beginning in 2021, according to Russian news outlet RBC.
Specifically, the new law would allow police to seize computers, hard drives or mobile devices containing...
Serbia will buy Russia’s sophisticated short-range air-defense missile system Pantsir despite U.S. warnings of possible sanctions against the Balkan country if the transaction goes through, Business Insider reports.
According to Russian state news agency TASS, the Pantsir-S system will be delivered to Serbia “in the next few months in accordance...
The European Commission (EC) has lowered its outlook for Russia's GDP growth in 2019 to 1% from 1.5%, the European Economic Forecast report - Autumn 2019 released on Thursday reveals, according to RT.
The EC has also adjusted its forecast for Russia’s GDP growth in 2020 to 1.4%, down from...
Alibaba Group's logistics operator and Russia's postal service, Pochta Rossii, have launched their first direct China-Russia cargo flights to deliver AliExpress goods purchased online by Russians, AliExpress Russia said on Thursday, according to Reuters.
The move, which AliExpress Russia hopes will help it cut the time it takes to deliver orders...
