The Russian government expects that the country’s non-energy exports will reach $160 billion in 2019, Finance Minister Anton Siluanov said at the meeting of the Presidential Council for Strategic Development and National Projects on Wednesday, according to Vesti Finance.
"Non-energy exports are expected to increase by up to $9 billion...
In an attempt to improve efficiency and cut down on wasteful spending, Russia’s state-owned gas major Gazprom is undergoing another shake up, RBC reports.
The company’s vice-chairman Oleg Aksiutin announced plans to reform Gazprom’s department of corporate expenditures, responsible for controlling over $15.4 billion in spending on tenders and procurements...
Turkey has finished its special protecting probe on steel imports from Russia, without imposing restrictions, Russia’s Industry and Trade Ministry said in a statement on Tuesday, according to Mail.ru News.
Turkey is the largest export market for Russian steelmakers.
"As a result of an investigation, the Turkish side made a unanimous...
A fishery and aquaculture development center in Ethiopia will be opened with the help of Russian experts, RIA Novosti reported. An ongiong program, supervised by UN specialists, is aimed at reducing poverty and unemployment in the African country. The project will make it possible to create at least 600...
The Russian capital is becoming more welcoming to startups and aims to enter the top three global destinations for upcoming businesses by 2030, Alexey Parabuchev, general director of the Moscow Agency of Innovations, has said, according to bne Intellinews.
Moscow has moved up from 14th to 10th place in the...
Rosoboronexport, Russia’s state intermediary agency for weapons trade, has signed contracts amounting to $5.2 billion since the beginning of 2019 and exported vehicles and weapons abroad for $4.9 billion, state-run news agency TASS reported.
"Just in the first four months of 2019, Rosoboronexport exported Russian weapons and military vehicles amounting...
Danish prosecutors have charged a former chief executive of Danske Bank for his involvement in one of the world’s biggest money-laundering scandals, Danish newspaper Borsen reported.
The home of Thomas Borgen was raided by police and prosecutors on March 12, his lawyer Peter Schradieck was quoted as saying on Tuesday.
Borgen...
The Bank of Russia said in its annual report released on Tuesday that Stress tests completed in 2018 showed growing reliability of the Russian financial sector, according to Moscow-based Echo Radio.
"Reliability of the financial sector improved in 2018. Stress tests reveal that readiness of the financial market to counter...
Losses from the London unit of Russian state-run bank VTB have tripled amid sanctions and the looming cloud of Brexit, leading the lender to start relocating business lines and bankers to Frankfurt, bne IntelliNews reports.
The bank’s UK unit saw its post-tax loss surge to $63.9 million last year from...
A U.S. decision to end Iran sanctions waivers is set to put pressure on oil prices and benefit Russia's budget and oil producers, as international buyers are likely to seek more Russian crude as an alternative to Iranian supplies, S&P Global Platts reports.
The United States said last week it...
