One of Russia’s top oil executives, Rosneft CEO Igor Sechin, said on Thursday that “Russian and U.S. energy molecules are identical but Russian energy is 30% cheaper,” Reuters reported.
His statement came in response to the Trump administration rebranding fossil fuels as “molecules of U.S. freedom” and specifically gas as...
Chinese tech giant Huawei has signed a deal with Russian telecoms company MTS to develop a 5G network in the country over the next year, BBC News reported.
The agreement was signed on the sidelines of a meeting between Chinese leader Xi Jinping and Russian president Vladimir Putin in Moscow....
Russia’s state-run aerospace conglomerate, United Aircraft Corporation (UAC), has valued Sukhoi Civil Aircraft Co (SCAC), at 44.8 billion rubles ($689 million), business newspaper Vedomosti reported, quoting sources close to UAC.
It is the first assessment of SCAC’s value, conducted as part of a broader evaluation of UAC’s civil assets as...
Global consumer goods corporation Procter & Gamble will invest 2.4 billion rubles ($37 million) in its Russian business this year, the company’s head for Eastern Europe and Central Asia told Reuters.
The company plans to expand its distribution center, modernize some manufacturing and localize more product production, according to Sotirios...
China's e-commerce powerhouse Alibaba and Russia's sovereign wealth fund, RDIF, will each invest $100 million in a Russian joint venture, RDIF said in a statement on Wednesday, according to TechCrunch.
The parties received approval from the Russian antimonopoly watchdog and will launch the largest e-commerce joint venture in Russia and...
One of the most important business events of the year in Russia and the country’s equivalent of the Davos Forum begins on Thursday, with authorities keen on attracting investment in the world’s largest country, AFP reports.
The St Petersburg International Economic Forum (SPIEF), held in president Vladimir Putin's hometown, is...
Moscow-based job board operator HeadHunter reported that revenue in the first quarter of this year reached 1.67 billion rubles ($25.8 million), an increase of 31.8% compared to the previous year, Vedomosti reported.
HeadHunter completed its IPO in May and began trading shares on U.S. tech exchange Nasdaq. HeadHunter was...
The term “digital assets” should be included in the Russian Civil Law, a judge at Russia’s Supreme Arbitration Court has said on Tuesday, according to state-run news agency Federal Press.
Lyudmila Novoselova, chairman at the Court for Intellectual Rights of Russian Federation and a judge at the Supreme Arbitration Court, has introduced the institution’s plans for...
On the Russian side of the border with China, in Manzhouli, long queues of trucks loaded with Russian wheat flour, rapeseed and other farm produce can be seen every day, waiting to deliver goods to China, Xinhua reports.
The land checkpoint in Inner Mongolia Autonomous Region has seen a...
On June 1, Russia's largest airline, Aeroflot, launched regular flights from Moscow’s Sheremetyevo to Marseille.
The 2,673-kilometre year-round route will be operated 5 times a week, on Mondays, Wednesdays, Fridays, Saturdays and Sundays by the Skyteam carrier’s 140-seat A320 aircraft. According to OAG Schedules Analyser, Aeroflot will face competition from...
