London-based precious and base metals exploration and development company Orsu Metals is looking forward to starting operations in Russia’s Zabaykalsky Krai, the company’s director of exploration Alexander Yakubchuk has said in an interview with Investing News.
Yakubchuk and Orsu Metals Managing Director Sergei Stefanovich discussed the company’s property in Russia’s...
About 3,700 workers in Ford plants in Russia slated for closure are fighting to get a fair payout after the U.S. carmaker decided to dramatically cut its presence in the country, the Moscow Times reports.
Ivan, a 50-year-old welder, has been producing the frames of Focus and Mondeo cars at...
The Moscow Stock Exchange continues to perform well despite sanctions on its most important companies, with the MOEX Russia index climbing over 100% in rubles in the last five years and reaching a record high on Tuesday, Reuters reported.
The index rose 0.5% to a new record high of 2,599.58...
Russian Deputy Prime Minister Alexei Gordeyev said on Tuesday his country plans to ratify the Paris climate agreement by the end of this year, TASS news agency reports.
"Russia welcomes the signing of the Paris Climate Agreement and considers it to be a reliable international legal framework for long-term...
The chairman of the board of Moscow’s Sheremetyevo Airport Alexander Ponomarenko told Reuters Tuesday that private shareholders in the airport may sell a 30 percent stake to raise money for a potential purchase of Russia’s 30.5 percent holding at a later date.
Sheremetyevo Holding company, which controls the business, has...
A Russian presidential adviser has proposed to adopt a digital currency in Crimea to attract investors and avoid Western sanctions in the Russia-annexed part of Ukraine’s Crimea, Eurasia Daily reports.
Sergey Glazyev, advisor to Russian President Vladimir Putin on regional economic integration, urged the government to adopt “digital money technologies”...
French retailer Auchan has said it plans to increase the production capacity of its meat processing plant in Russia’s Tambov Oblast to 70,000 tons by 2020, Global Meat News reports.
The company said the move will allow it to become fully self-sufficient in meat products on the local market,...
Recent problems with the deteriorating quality of oil exported from Russia to Belarus is technical, and will be resolved in the near future, the country’s energy ministry said on Monday, according to S&P Global Platts.
The ministry said that the problem is not linked to recent economic disputes between the...
Russian business ombudsman Boris Titov has visited French citizen Philippe Delpal in detention on Monday and again pushed for his release, the ombudsman’s press service has said, according to Moscow-based Echo Radio.
Delpal, who is a partner in investment firm Baring Vostok, is charged of being involved in a $40...
A jump in oil prices and local month-end taxes that boost demand for the ruble led the Russian currency to its highest level against the euro since last April on Monday, Reuters reported.
The ruble also hit a one month-peak versus the dollar on Monday, the news agency’s report said.
At...
