Russia produced 1.15 million tons of poultry meat in the first quarter of 2019, 6.2% down on the same period of the previous year, Global Meat News reports.
“An oversaturated domestic market and a series of bankruptcies in the segment contributed to the decline Poultry production in Russia had been...
After having received support from government bond auctions earlier this week, the Russian ruble opened slightly lower against the U.S. dollar on Friday in thin holiday trade, Reuters reported.
The Russian currency was down 0.1% against the dollar at 65.16 and had lost 0.4% to trade at 73.16 versus...
Russia’s State Duma passed a law this week which permits Russian exporters and Russian subsidiaries of foreign companies that provide services to foreign clients to deduct the full amount of value added tax (VAT) for these services, Realnoe Vremya reports.
"The zero VAT rate for the export of works and...
Russia wants to supply energy to Greece and is ready to expand cooperation in the gas sector with the country, according to Vyacheslav Mischenko, Executive Director of the Skolkovo Energy Center.
"Russia is ready to expand cooperation with Greece in the gas field," Mischenko He told reporters at an energy...
Russian e-commerce platform Ozon is investing $150 million in a tenfold expansion of its fulfillment network, after posting a 73% growth in online sales in 2018, East-West Digital News reports.
Private equity firm Baring Vostok and Russian conglomerate Sistema have provided a 10 billion ruble (roughly $150 million) convertible loan...
Russia’s Ministry of Agriculture has proposed an extension to the country’s zero duty policy on wheat export, TASS news agency reports.
According to a draft resolution of the Russian government, the ministry noted that the expected crop in Russia in 2019 to the amount of 118 million tons will fully...
Despite flaws in the implementation of the Russian government’s National Projects, written in President Vladimir Putin’s May Decree from 2018, they will remain among the key development drivers of Russia’s economy, political analyst Pavel Danilin told state-run news agency TASS on Wednesday.
"We cannot say that everything is always perfect....
The Russian Department of Presidential Affairs is soliciting bids on a new government contract to monitor social media and the news media, Novaya Gazeta reports.
According to the Internet freedom movement Roskomsvoboda, which first reported the story, the Kremlin is also paying for the monitoring of Telegram channels, even...
Russia’s nuclear power agency Rosatom expects to double its overseas revenue in five years, exceeding $15 billion, the company’s head Alexei Likhachev said at a meeting this week with Prime Minister Dmitry Medvedev.
"It is important to emphasize that the key topic of our further growth is foreign markets. We...
The Russian government has approved regulations that allocate funds from its budget to create and operate a Monitoring and Direction Center for Public Online Networks, needed to implement a new law on “autonomous internet”, Seonews.ru reports.
The Monitoring Center would be responsible for the operation of the Russian Internet were...
