Russia’s Finance Minister Anton Siluanov has sent a letter to the Bank of Russia asking the regulator to postpone reforms requiring banks to increase capital buffers under the “Basel III” international financial rules, Reuters reports.
In the letter dated July 17, Siluanov wrote to central bank governor Elvira Nabiullina saying...
The largest airport in Russia, Moscow’s Sheremetyevo, has summed up its operating results for June and the first half of 2019, which show the airport served over 23 million passengers in the first half of this year, International Airport Review reported.
Total passenger traffic in the first six months of...
Russian oil company Lukoil plans to acquire a 5 percent stake in the Ghasha offshore gas project in the United Arab Emirates, CEO Vagit Alekperov has said, according to Trend news agency.
The project is currently held by the Abu Dhabi National Oil Company (ADNOC).
“I hope we will sign ...
Russian President Vladimir Putin has signed a decree which would allow participants in the country’s most important business events to enter Russia on an electronic visa, TASS reports citing the Kremlin’s press service.
The Decree "On Entry to and Exit from the Russian Federation through the Russian Border Check Points...
Russian company Rimera Group, the service division of steel pipe maker ChelPipe, has opened a subsidiary in the United Arab Emirates, the company said, according to Africa News.
The main purpose of the new subsidiary is to promote Rimera Group’s integrated oilfield services in the global market, the company said....
Russia's Ministry of Economic Development has again warned that the growing consumer crediting segment is creating an unsecured credit bubble which could burst as soon as 2021, Vedomosti reports.
The ministry, has previously criticized the Bank of Russia for not doing enough to curb consumer lending growth, is now proposing...
5G, the latest mass technology of cellular communication will not replace its predecessor, LTE in Europe and, in particular, in Russia, for at least another ten years, Izvestia writes referring to a Deloitte report.
According to the professional services network’s report, 5G will spread much slower than LTE, with economic...
The Russian government has instructed several ministries, including the Ministry of Industry and Trade and the Ministry of Economic Development, as well as the Federal Anti-Monopoly Service to ease a direct ban on participation of foreigners in state procurement, Vedomosti reports citing federal officials.
According to the business newspaper’s sources,...
In an unexpected move, Russian gas giant Gazprom unfroze a project to expand its infrastructure in southern Russia under the South Stream export gas pipeline, a project that was canceled for the needs of the domestic market, Kommersant reports.
However, sources on the market told the business newspaper they doubt...
In a bid to boost the ruble’s global role and help offset the impact of Western sanctions, Russia is looking to establish an offshore ruble market, deputy finance minister Alexei Moiseev told Reuters last week.
The process, which Moiseev said was supported by the central bank, includes plans by the...
