The leading telecoms operators in Russia have asked the government to help them buy equipment they need to comply with a new data storage law, by allocating state funds for subsidies, Reuters reported citing a letter sent to the government.
The country’s biggest mobile phone operator MTS, state-controlled telecoms group...
Russia’s eight largest brokerage companies have passed stress tests imposed by the Bank of Russia and proved their resilience to possible shocks, Fomag.ru reports citing Reuters.
However, the central bank said many smaller brokerages in the country’s financial market are struggling to survive.
“In general, all these players successfully resisted the...
Two prominent Russian opposition leaders and their foundation were ordered by a Moscow court to pay $1.4 million in compensation to a company associated with Yevgeny Prigozhin, a controversial businessman with ties to President Vladimir Putin.
According to business newspaper Kommersant, the court ruled on Monday in a defamation...
Russian oil company Gazprom Neft has launched active construction at its new high-tech oil-refining catalyst production facility in Omsk last week, state-run news agency Ria Novosti reported.
The new plant will be producing modern catalysts for key processes in deep oil refining and the production of Euro-5 fuels, with...
Energy is once again in the focus of the ongoing Ukrainian-Russian geopolitical tussle as Moscow and Kyiv failed to come up with an agreement following trilateral gas-transit talks in Brussels on Monday, Reuters reports.
Ukraine is entering the talks, mediated by EU Energy Commissioner Maros Sefcovic, as its 10-year contract...
Libya has signed an agreement of intent with Russia on the supply of Russian wheat, the head of the contact group on intra-Libyan settlement Lev Dengov said last week, according to the Lybia Observer.
"The planned estimated volume of Russian wheat supplies to Libya is one million tons annually," Dengov...
Shares in one of Russia’s biggest oil producers, Surgutneftegaz (Surgut) jumped 31% in value in two days last week, setting an all-time high price record of 48 rubles ($0.75), with no apparent catalysts or news flow, bne Intellinews writes.
This is the second big jump up in the stock’s value...
Russia, China and India have come up with a new method of payment in the event of a cutoff from the SWIFT banking payments service, Izvestia reports citing sources.
The Bank of Russia plans to coordinate Moscow’s solution - the System for Transfer of Financial Messages (SPFS) - with Chinese...
Russian low-cost carrier Pobeda will raise its ticket fees by 5 euros starting Monday October 28, a spokesperson for the company informed reporters. The raised fees will apply to tickets from foreign airports to Russia due to the cancellation of paid check-in procedure at foreign airports. Earlier, the company...
Sheremetyevo International Airport published the performance results for September and the nine months of 2019. Total passenger traffic in the first nine months of 2019 was 38.536 million passengers, 12.2% up YoY. Between January and September, Sheremetyevo oversaw 292,792 takeoff and landing operations (TOLs), up 11.8% from the same...
