Rossiya Airlines, part of Aeroflot Group, has stopped flights from Moscow to Colombo, Sri Lanka, and Denpasar (Bali, Indonesia), the Association of Tour Operators of Russia (ATOR) said on Tuesday, according to TASS.
All the flights after May holidays (the last flight will be on May 11) until July are...
Russia’s venture capital (VC) market increased by half in size in terms of the volume of investments to $714 million in 2018 as professional funds increasingly target Russian startups and maturing tech companies for investment, East-West Digital News reports citing a new report.
The document by DSight, a database of...
A notable slowdown in the Russian services sector was recorded in April, and the rate of new business growth slowed down to a ten-month low, says a new report by global information provider IHS Markit.
Previously, the Services PMI consistently outperformed the Manufacturing PMI part of the report, pulling up...
The Russian dealer of German carmaker Mercedes-Benz will recall 1,600 S-class sedans in Russia due to problems with the driver assistance package, the country’s Federal Agency for Technical Regulation and Metrology (Rosstandart) said on Monday, according to Kommersant.
The recall will cover automobiles sold from March 2017 to June 2018,...
Russia’s transport minister said there was no reason to ground the country’s fleet of Sukhoi Superjet 100 aircraft, as investigators tried to determine what forced a jet to make an emergency landing and burst into flames, killing dozens, Interfax reported.
Asked by reporters at a news conference if the Sukhoi...
U.S. banking giant Morgan Stanley will send the Bank of Russia a notice that it’s going to formally close of all of its banking operations in the country in the first quarter of 2020, according to a report by Reuters.
The multinational investment bank announced the news in the company’s...
Kosmokurs, a Russian company developing suborbital space tourism flights, has begun testing its rocket and space technology, according to its CEO, Pavel Pushkin.
"We began a strength test of the engine wall samples, they were manufactured and sent to a laboratory," Pushkin told Sputnik news agency.
State space corporation Roscosmos issued...
Experts and officials in Russia’s Federal Air Transport Agency Rosaviatsiya are deciding whether to temporarily ground Sukhoi Superjet 100 (SSJ-100) aircraft after a preliminary analysis of the circumstances surrounding the accident at Moscow’s Sheremetyevo Airport, which claimed 41 lives, Kommersant reported citing sources.
According to the newspaper’s report, if relevant...
Russia's oil major SurgutNefteGaz (Surgut) made more money from its enormous cash pile than it did from producing oil in 2018, Vedomosti reported last week citing company data.
The oil firm posted 4.4-fold net profit jump in 2018 to $13 billion under IFRS. Surguт made one of the largest corporate...
Disruptions due to contamination of crude oil in a major Russian pipeline leading to Europe are forcing the country to cut oil output by as much as 10 percent for several days, industry sources told Reuters.
Russian oil producers received a request from state-run pipeline monopoly Transneft to reduce oil...
