Russian company TPS Avia, which controls 66 percent of Moscow’s Sheremetyevo Airport, is considering selling up to 30 percent of the airport’s shares in 2019, the chairman of Sheremetyevo’s board of directors, Alexander Ponomarenko, told Reuters in an interview. TPS Avia is co-owned by Ponomarenko and Alexander Skorobogatko, while...
Russia is planning to open up four of its regions to test innovations that do not fall under the purview of its current legislation, Bitcoin news reports.
According to a bill drafted by Russia’s Economy Ministry, regulatory sandboxes will be allowed to establish bases in these regions. This effectively...
Russia’s diamond miner Alrosa has extracted one of the largest gem-quality diamonds found at the ‘International’ pipe over the past two years, Mining.com reported.
The extracted rough diamond, weighing almost 118.91 carats, has a light yellow overblown and salient edges, one of them with cleavage, and small inclusions in...
Aggregate corporate profits in Russia rose to $38 billion in February, adding $18.66 to the profits made in January, latest available data shows, according to bneIntellinews.
Total profits earned by Russian companies in February was higher by $15.4 billion than the profits recorded in the same period of 2018, which...
A $2.5 billion expansion of Sheremetyevo Airport, including two more new passenger terminals, a railway, and a new cargo terminal would allow passenger traffic to increase to up to 100 million per year by 2026. To finance this expansion, Sheremetyevo’s shareholders are considering selling 30 percent of the airport.
In...
Russian President Vladimir Putin expressed hope that the Eurasian continent would establish agreed rules for e-commerce and would set standards for the exchange and protection of information, Life.ru reports.
Speaking during the second Belt and Road Forum for International Cooperation in Beijing, Putin said together with members of the Eurasian...
Grain traders are having difficulties forecasting global wheat prices as a flourishing Russian wheat crop is affecting the market at the same time with dry weather woes in Europe, Farmers Weekly reports.
According to data by the International Grains Council (IGC), world wheat production for 2019-20 is predicted to rise...
The final decision on Sheremetyevo Airport’s stake sale could be made this year, aiming to sell to a strategic or a financial investor, most likely a foreign one, the chairman of Sheremetyevo’s board Alexander Ponomarenko said in an interview with Reuters.
Last year, Sheremetyevo’s shareholders were considering selling up to...
The biggest risk to the Russian economy at the moment comes from uncertainty related to western sanctions, which destabilizes socio-economic processes and triggers an outflow of foreign investors, experts from the Moscow-based Gaidar Institute for Economic Policy wrote in a report released on Wednesday.
According to the experts, this uncertainty...
In a move that could affect fuel prices in several countries, Belarus has suspended the export of light oil products to Ukraine, Poland, and other European countries, Reuters reported citing BelTa news agency.
Minsk halted the exports due to the low quality of the oil supplied by Russia, Sergei Grib,...
