The Bank of Russia is in talks with oil tycoon Mikhail Gutseriev over a 140 billion rubles ($2 billion) debt owed by his family after a banking group they owned was bailed out two years ago, four sources familiar with the talks told Reuters.
The potential settlement deal would allow...
Global tech giants like Google, Facebook and Apple should bring revenue to the countries where they are doing business, the Russian Finance Ministry has announced, hinting the country could impose a planned “digital tax,” RBC reported.
The ministry proposes amending Russia’s tax legislation to make leading multinational tech companies pay...
Russian President Vladimir Putin has said that Swedish climate activist Greta Thunberg is a “kind and sincere” girl, but added that she may have been manipulated to serve the interests of others, BBC News reports.
"It's deplorable when someone is using children and teenagers in their interests," Putin said at...
Russia-Cuba ties have a "brilliant" future, Russia’s Prime Minister Dmitry Medvedev said on Thursday as he arrived in Havana for a two-day visit, Reuters reports.
Medvedev, who was welcomed at Havana's airport by Cuban Foreign Minister Bruno Rodriguez, said the meeting "once again showed that Cuba is a really important...
Russia is planning to grant more than 1 trillion rubles ($15.5 billion) in loans to foreign governments and organizations over the next three years, Izvestia writes, citing the country’s draft budget for 2020-2022.
This exceeds the figures recorded over the past five years. The Finance Ministry has not unveiled...
Moscow is ready to consider other routes for the Nord Stream 2 gas pipeline project if Denmark refused to approve its laying in the country’s exclusive economic zone, Russian President Vladimir Putin said on Thursday, according to Kommersant.
The business newspaper writes that an alternative route through Sweden’s zone...
Russia’s Ministry of Transport expects to build a highway linking Moscow with the southern city of Kazan by 2027, three years after its original planned completion date, Vedomosti reported citing sources.
In September, Finance Minister Anton Siluanov authorized the Transport Ministry to start building two sections of the Moscow-Kazan highway....
Operating conditions in Russia’s manufacturing sector deteriorated in September, recording the biggest decline since the country’s financial crisis, according to IHS Markit’s influential purchasing managers’ index (PMI).
The indicator of business conditions in the manufacturing industry fell to a score of 46.3 for September, with readings below 50 signalling the...
South Korean Internet content service company Naver has partnered with Russia’s Yandex for cooperation in development and operation of cloud service, bne Intellinews reports.
Naver Business Platform (NBP), Naver’s subsidiary providing IT infrastructure and solutions, joined the Yandex Scale 2019 conference held Tuesday in Moscow, as a major global partner...
Russian president Vladimir Putin may hold a meeting on Wednesday with the head of ExxonMobil Darren Woods to discuss the possibility of cooperation, the Kremlin’s spokesman has said, according to Reuters.
Woods and BP boss Robert Dudley are listed among the panelists of this week’s conference, which is also expected...
