Sberbank CEO Herman Gref said at the Moscow Financial Forum on Friday that Russia may face a “commodity shock” associated with a fall in energy prices, and warned that the country is not ready for new crises, because all the time it is “preparing for yesterday," RIA Novosti reported.
“The...
A new bill to introduce excise taxes on electronic cigarettes was drafted by Russia’s healthcare ministry, Russian news agencies reported on Friday, citing minister Veronika Skvortsova.
In the past decade, Russia has tightened tobacco sales regulations as part of a wider campaign to reduce smoking. “The manufacturers of these products...
Vnesheconombank, or VEB, Russia’s state-controlled development institute facing potential U.S. sanctions, has hired a well-positioned lobbyist in Washington - Trump insider and former Republican House member named John Sweeney, Politico reports.
With Congress mulling legislation to slap new sanctions on Russia for its attack on the 2016 American election,...
The co-owner of Russian roofing-supply company Technonicol, billionaire Igor Rybakov, has released his debut music album, Regnum news agency reports.
47-year-old Rybakov, who stepped back from the company four years ago to focus on managing his fortune and philanthropy, has dedicated his album to his wife Ekaterina. The five-track...
Russian authorities have given the green light for a new casino project that will see the development of a hotel with a casino and entertainment center in the Siberian Coin gambling zone, Kommersant reported.
The project’s investors Alexey Sakvarelidze and Anton Bykov are promoting the venture, which is valued...
Russian steel major Mechel was able to refinance a loan from several foreign banks in the amount of $1 billion through the provision of a credit line in EUR from VTB bank maturing in April 2022, Mechel’s press service said in a statement this week, according to RBC.
Analysts from...
Russia’s largest lender, Sberbank, has conducted a blockchain-based pilot transaction for the supply of West Siberian oil in collaboration with Singapore-based multinational commodity trading company Trafigura, CoinDesk reports.
According to a press release last week, the transaction involved Sberbank buying receivables owed to Trafigura from a large Turkish buyer....
A new long-term grain industry development program recently adopted by the Russian Ministry of Agriculture says that the country will be harvesting on average 140 million tons of grain per year until 2035, up 24% compared to the 2018 level, AllAboutFeed.com reports.
By this time, the domestic consumption is expected...
Russia's trade surplus decreased 6.2 percent year on year to 104.8 billion U.S. dollars in January-July this year, the Russian Federal Customs Service said Wednesday, according to Prime news agency.
The trade surplus in the first seven months was 6.9 billion dollars less than during the same period last year,...
Hungary-based end-to-end broadcast and content owner service provider iKO Media Group has announced a partnership with Russian TV services company Ostankino Telekom, the two companies said in a press release.
This deal will complement iKOMG’s boutique, tailored services model to further expand and strengthen its presence around the globe, and...
