The Russian government has approved a bill establishing additional permitted cases of resident currency transactions, the government wrote on its official website on Saturday, according to TASS.
It was noted that adopting the bill would eliminate the inconsistency of the norms of the Russian tax and currency legislation on the...
Transit commitments by Ukraine to the European Union are preventing the country from severing rail connections with Russia, Prime Minister Vladimir Groysman said on Saturday, according to RIA Novosti.
"We merely cannot instantaneously sever traffic between Ukraine and Russia, including rail one, when transit goods are moved into the European...
Work on Gazprom's TurkStream is 90% complete and the pipeline should go online before the end of the year, the Russian state-owned gas giant Gazprom said after it invited bank analysts on a trip to inspect the construction work, Ahval News reported.
Analysts visited the Russkaya compressor station in...
The Asian Infrastructure Investment Bank (AIIB) will begin offering local-currency financing in selected emerging markets including Russia, The Economic Times reports.
The program is set to begin this month, initially covering India, Indonesia, Thailand, Turkey, aside from Russia, the report said.
The local currency financing program will effectively shield borrowers from...
Russian lender Sovcombank is the country’s best bank for 2018 according to Euromoney, the business and finance magazine said on Friday.
Low-interest rates and returning consumer confidence created a fertile environment for Russia's retail lenders last year, Euromoney said. Sovcombank took full advantage of this trend, expanding its loan portfolio...
Russian state-run gas major Gazprom will send a working group to Armenia in the near future to discuss the issue of gas price and numerous components affecting the price, the country’s deputy Prime Minister Mher Grigoryan told reporters, according to local news outlet Aysor.
“The issue of tariffs is multi-component,...
The hot metal output of Russian steel producer Severstal fell 3% on-quarter in the second trimester of this year to 2.3 million tons due to maintenance at blast furnaces, Kallanish reports citing a company statement.
However, crude steel production was flat at 3.06 metric tons (mt), reflecting electric arc...
The Russian Navy will have a nuclear-powered aircraft carrier in its structure, although this will not happen in the immediate future, the commander-in-chief of the Russian Navy Nikolai Yevmenov told reporters at the St. Petersburg International Maritime Defense Show (IMDS) on Wednesday.
"There will be, of course, a nuclear-powered aircraft...
New U.S. sanctions against Russian government debt, if introduced, will bring damage to U.S. investors first, Alexis Rodzianko, head of the American Chamber of Commerce in Russia (AmCham), has told RIA Novosti.
This week, the U.S. House of Representatives adopted an amendment to the defense budget for 2020, proposed by...
Russia's nuclear power sector "continues to benefit" from supportive government policy, says a new report by global ratings agency S&P, according to World Nuclear News.
The development in Russia is in contrast to "tighter restrictions" in Western Europe owing to environmental concerns and growing competition from renewables, the agency’s analysts...
