Russian President Vladimir Putin has temporarily banned passenger flights from Russia to Georgia, the Kremlin said on Friday following an outbreak of unrest in Tbilisi triggered by the visit of a Russian lawmaker, Reuters informs.
The Kremlin said it was also recommending travel agencies suspend tours to Georgia from Russia....
Western economic restrictions have deprived the Russian economy of $50 billion, but the European Union has been hit harder, losing $240 billion since 2014, Russian President Vladimir Putin said, RT reported.
Other countries also felt the impact of anti-Russian sanctions, Putin said as he answered citizens’ questions during the annual...
In the first quarter of 2019, money transfers from Russia to Uzbekistan reached $818 million, the Central Bank of Russia stated, Qazaq Times reports.
A total of $340 million was sent to Uzbekistan by Russian citizens, and $478 million - by citizens of Uzbekistan and citizens from other countries. The...
Russian gross domestic product (GDP) growth slowed to 0.2% in May from a revised rate of 1.7% in the previous month, the Russian Economy Ministry said on Friday, according to Gazeta.ru.
The Bank of Russia said this month it had lowered its 2019 GDP forecast to 1.0-1.5% from 1.2-1.7%.
Russia’s economy...
An April 4 decree from the Russian government allowed a subsidiary of Russian state-owned technology firm Rostec to not disclose its owners, directors or other key corporate information in its latest quarterly earnings report, according to the Kharon Brief.
The company, called Production Association Urals Optical & Mechanical Plant...
Raute Group, a Finnish company from the wood industry, has opened a new service center in Kirov in central Russia, it said in a press release.
The new service center will provide maintenance and spare parts warehouse services locally to Raute’s customers. In the first stage, it will serve...
India seeks to establish a new direct oil shipping route from Russia’s Vladivostok to its east coast, as oil trade with Iran has collapsed amid U.S. sanctions, Economic Times reports.
India’s Oil Minister Dharmendra Pradhan recently met with Russian Deputy Prime Minister Yury Trutnev and discussed the opening of “new...
A bill introducing high administrative fines for incompliance with Russia’s data localization law entered the Russian State Duma this month, Interfax reported.
Proposed fines for first offense amount to 2,000,000 – 6,000,000 rubles (around US$30,000 – 90,000) for companies. Repeated offense by legal entities is punishable with fines in the...
Russian energy company RusHydro has started construction work on a couple of small hydropower plants totaling 49.8 MW on the Kuban river in Karachay-Cherkessia Republic, Neftegaz.ru reported.
The Krasnogorskaya-1 and Krasnogorskaya-2 plants, each with a capacity of 24.9 MW, are being built downstream from RusHydro’s hydrid Zelenchukskaya hydro and...
The Bank of Russia’s governor Elvira Nabiullina has praised the implementation of blockchain technology in the local economy for the future, Crypto Daily reports.
Nabiullina said that blockchain is still a developing technology, but it does indeed “have a space in Russia’s financial matters” and will definitely be an active...
