British-Dutch oil giant Royal Dutch Shell has decided to exit the Leningrad region-based Baltic liquefied natural gas (LNG) project led by Russian state gas giant Gazprom, Reuters reported citing the chairman of Shell’s Russian unit.
Shell, which has a long history of energy cooperation with Russia, said earlier on...
Russia’s biggest cargo airline, AirBridgeCargo (ABC), has decided to expand its scheduled freighter operations at Rickenbacker International Airport (LCK) to a twice-weekly frequency, a year after the company entered the market in Columbus, Ohio, Rusaviainsider reports.
The company introduced Columbus into its global network in April 2018 and thus far...
The Bank of Russia sees debts held by certain companies as a possible internal risk and it is working on measures to control such debts, the central bank’s First Deputy Governor Ksenia Yudaeva said on Tuesday, according to Reuters.
“Internal risks are always associated with the accumulation of excess debt...
The share of Russia’s Internet market in the country’s GDP is growing rapidly and today stands at around 4%, a presidential administration official said on Monday, according to state-run news agency TASS.
"In Russia, the share of Internet companies is already about 4% of GDP, this share will grow...
Investors from Great Britain bought nearly half of offered last week by Russian gold producer Polyus’s controlling shareholder, deal book-runner VTB Capital has said, according to TASS.
Polyus said on Thursday that its controlling shareholder, Polyus Gold International Ltd (PGIL), had sold a 3.84 percent stake in the company via...
The total value of the Russian games industry was $1.7 billion in 2018 and is projected to reach $2.1 billion by 2020, says a new report published by ResearchAndMarkets.com.
According to the “Russia Animation, VFX & Games Industry: Strategies, Trends & Opportunities” report, mobile & hand-held games are the fastest...
Russia’s biggest oil producer Rosneft and Italian oil and gas company Eni, which have been successfully working together in Egypt, are looking to develop a joint gas project in Equatorial Guinea, where reported reserves stand at more than 100 billion cubic meters, Kommersant reported.
If the companies win the auction,...
The Russian Direct Investment Fund (RDIF) is likely to buy shares in major meat producer Cherkizovo as part of its secondary public offering, RDIF head Kirill Dmitriev said on Monday, according to Reuters.
“We are considering it. We believe that Cherkizovo Group has good prospects on the market,” the sovereign...
Polyus Gold International Ltd (PGIL), a holding which controls Russia’s largest gold producer Polyus, said on Wednesday it would sell a 3.5 percent stake in the company via an accelerated bookbuilding (ABB), the Moscow Times reported.
Polyus Gold shares have ridden the wave of rising demand from investors that...
