Russian rail freight group Rustranscom could raise $1.363-1.605 billion, a report on the listing by VTB Capital, one of the banks working on the IPO showed, according to Reuters.
Earlier this month, Rustranscom said it was planning to list its global depositary receipts on the London Stock Exchange (LSE)...
Gazprom Space Systems, a subsidiary of Russian energy major Gazprom, has said that work has been completed on the design of a plant in the Moscow Region that would assemble and test satellites, Vedomosti reported.
The enterprise is to be located in the city of Shchyolkovo, and it is...
The sudden introduction of Arkady Rotenberg, a U.S.-sanctioned Russian billionaire, as a partner in Gazprom’s Baltic LNG project was one of the reasons for the departure of Royal Dutch Shell from the project, sources told Reuters.
This week, Shell announced it is pulling out of the joint venture with...
The head of Russia’s state nuclear energy corporation Rosatom, Aleksey Likhachev, has said that total investments in the development of Russia’s Northern Sea Route (NSR) will exceed $11.3 billion, TASS reports.
“A federal project to develop an Arctic sea passage has been approved with potential financing expected to top 735...
The decision by energy giant Royal Dutch Shell to withdraw from its joint Baltic LNG project with Russia’s Gazprom could delay the venture, sources told business newspaper Kommersant.
The Russian state-run gas giant will now have to find over $10.8 billion for the construction of both the Baltic LNG...
A German business association has said that the threat of U.S. sanctions against European companies for ties with Russia is a violation of international law and a ‘huge problem’ for the European Union, Gazeta.ru reports.
The German Eastern Business Association (OAOEV) said in a document it aspires to boost...
Russia has extended a recent debt-sale spree, selling a record volume of OFZ treasury bonds and driving the ruble to its highest value in two weeks, Bloomberg reports.
After a strong start against the dollar, the ruble climbed further to reach 64.42 against the greenback, its highest level since...
Multinational buyout firm Pamplona Capital Management, which has been backed by Russian billionaire Mikhail Friedman, is seeking to sell its stake in U.S. cybersecurity firm Cofense Inc following a year-long probe by U.S. national security regulators, the Wall Street Journal reports.
Pamplona bought a minority stake in Cofense, which...
The Sheremetyevo International Airport introduced a system of using electronic boarding passes on domestic flights, the airport press service said, TASS reports.
“On April 4, the Sheremetyevo International Airport, within the framework of the strategy of automation and introduction of electronic services, started serving passengers with electronic boarding passes on...
The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, and the Turkey Wealth Fund (TWF) have announced the creation and launch of the Russia-Turkey Investment Fund during Turkish President Recep Tayyip Erdogan’s visit to Moscow this week, TASS news agency reported.
“At the initial stage, the investments in...
