Russia is set to expand in the global coal market as it plans to increase shipments of the fuel and the cost advantages appear increasingly stacked in its favor, Reuters writes.
Already the third-largest supplier to the seaborne market, behind Indonesia and Australia, Russia is moving to take advantage...
The Russian ruble ignored potential gains from government bond auctions and weakened on Wednesday, hurt by growing risk aversion amid a U.S.-China trade conflict and Britain's exit from the European Union, Reuters reported.
The demand offered little help to the ruble, however, before Friday's interest rate decision, when the central...
Russia and the African state of Niger have inked a contract for the supply of 12 Mi-35 attack helicopters at the Russia-Africa Summit in Sochi, Izvestia reports.
Niger's Foreign Minister Kalla Ankourao said the aircraft will be used to fight the Boko Haram terrorist organization in the country.
According to the...
Russian tech conglomerate Yandex will begin testing its driverless cars in the United States next summer, the company said Wednesday, according to CNET.
As part of the North American International Auto Show in Detroit, to take place from June 7-20, Yandex will provide a driverless taxi service in the city's...
Russia has advanced to 28th place in this year’s World Bank’s Doing Business report, failing to achieve a goal set by President Vladimir Putin to enter the top 20 of the business environment rating, Reuters reports.
In the latest report, Russia inched up three more positions to the 28th place...
The Credit Suisse Research Institute said in its annual review published on Tuesday that Russia has world’s highest levels of wealth inequality, surpassing the United States and China, The Moscow Times reports.
The financial services company’s report says that despite the country’s modest average wealth, an estimated 83% of the wealth of...
American investors are continuing to pump billions into the Moscow stock market, despite sanctions against some of their most important companies and the constant barrage of anti-Russia rhetoric in U.S. headlines, Forbes writes.
According to the news outlet, over half of the foreign capital flowing into Russian stocks at the...
Sukhoi Civil Aircraft Company, the maker of Russia’s troubled Superjet-100 (SSJ-100) has sold only one aircraft in the first nine months of 2019, the company’s financial documents show, according to Kommersant.
The company’s revenues dropped 4.5-fold to 6 billion rubles ($94 million), and its net loss more than doubled, the...
Russia's impact on the Estonian economy has declined in the last six years, with the country currently being only the 12th largest trade partner for Estonia, Swedbank chief economist Tonu Mertsina has said, according to ERR.
"As is known, the Russian economy went into a decline in 2014, the ruble...
An artificial intelligence program dubbed Cyclops could start supervising workers on Russian oil rigs in the not too distant future, Prime news agency reports.
The program was developed by a state program for funding high-tech research. It could also be applied to other industries, including mining, transport and logistics, and...
