The capital adequacy ratio of Russia’s Vostochny Bank briefly dipped below a critical level last month, the country’s central bank warned on Friday, according to Reuters.
The situation is seen as a sign of balance sheet problems at the lender amid a controversial battle for control between shareholders.
The bank’s...
A Norway-based science team has found a Soviet-era nuclear submarine in the Arctic that had sunk some three decades ago, with radiation levels 100,000 times higher than the normal levels, The Moscow Times reported.
The nuclear submarines sank in one of the world’s largest fishing areas of the Barents Sea...
Serbia plans to borrow billions of dollars from Russia, China and other foreign countries in the coming years to fund investment in regional projects, the country’s infrastructure minister Zorana Mihajlovic said on Friday, according to local TV station N1.
China views Serbia and other Balkan countries as part of its...
Russia’s current account showed a $45.6 billion surplus in the first half of this year, a figure lower 4% than the one recorded in the same time last year, the Bank of Russia said this week, according to Investing.com Russia.
The surplus, according to preliminary estimates, was mainly the result...
British oil giant BP has sold the first ever batch of crude oil supplied from the United States to Ukrainian state company Ukrtatnafta, Reuters reported.
The move is seen as another blow to Moscow amid heavy political pressure from Washington and an oil contamination crisis which has affected Russian exports.
"The...
Recent amendments to the Russian law on the national payment system may scare away international companies like Visa and Mastercard from Russia, Kommersant writes citing experts.
Requirements for the companies’ subsidiaries in terms of ensuring the continuity of payments, that is, a de facto prohibition on complying with international...
Turkey has begun taking delivery of Russia’s S-400 air-defense system, completing a deal that is likely to trigger sanctions from the United States, CNN reported.
The first components for the system arrived Friday at Murted Air Base in Ankara, the Turkish capital, the Turkish Defense Ministry said in a...
Russia’s Yandex has launched a beta version of its food retail app Supercheck on its price comparison platform Yandex.Market, the country’s biggest internet company said this week, according to Vedomosti.
The app allows users to compare prices and assortments on a store level, form a basket, and get 1% cashback...
Russia has offered to supply South Korea with a key material needed to make semiconductor chips amid an escalating trade feud between Seoul and Tokyo, Hankyoreh reported.
Citing an unnamed government official, the South Korean news outlet reported Russia had recently notified Seoul through diplomatic channels that it was willing...
The head of Russia’s state fisheries authority, Ilya Shestakov, said on Thursday his agency estimates the potential of the fishing industry at 2 trillion rubles ($31.7 billion), Port News reports.
"We have conducted a research, we estimate the multiplicative effect of (Russian) fishing industry at 2 trillion rubles, which...
