Global online retail heavyweights are scrambling to position themselves in Russia, one of the fastest-growing markets in the world, CGTN reports.
At the moment, China's Alibaba, which last year announced an ambitious plan to establish a presence in the country, holds almost two-thirds of the entire Russian market. But now...
Workers at a Ford factory in Russia slated for closure in June could organize a partial shutdown of production this week to protest layoffs of over 1,000 employees, a local labor union leader said Friday, according to Car.ru.
Ford Sollers, the American automotive giant’s joint venture in Russia, announced late...
An ongoing respite in international sanctions against Russia is used by the country’s billionaires to cash in on the appeal of the country’s equities, Bloomberg writes.
The U.S. lifted sanctions aluminum giant Rusal at the end of January, and amid the relative calm that’s settled since Washington targeted Oleg Deripaska...
The CEO of Russia’s biggest oil producer Rosneft, Igor Sechin, met with Russian President Vladimir Putin this week, with the development of the Russian Arctic shipping route being high on the agenda, Bellona reports.
The powerful company leader assured Putin that the unprecedented boost in cargo volumes laid out in...
Korean carmaker Hyundai is among the companies that seek to snap up Ford plants slated for closure in Russia and within a month or two the fate of these facilities will have to be decided on, Russia’s Minister of Industry and Trade Denis Manturov told reporters on Friday, according...
Russia’s total foreign exchange reserves increased to $489.5 billion in the last seven days of March, rising 0.5 percent or $2.4 billion in the week, the Bank of Russia has announced, according to Izvestya.
The regulator said in a statement on Thursday that the increase was due to proceeds from...
Export prices for Russian wheat fell last week after global benchmarks in Chicago hit their lowest in two weeks on massive supplies of U.S. corn and soybeans, analysts told Reuters.
Prices for Black Sea Russian wheat with 12.5 percent protein content and for delivery in April were $225 per ton...
At least 20 new services between Russia and France with several new routes are being launched at the start of the IATA summer season, leading to expectations of a marked increase in the number of passengers, Rusaviainsider.com reported.
Last year, Russia and France signed an air service agreement to...
In a long-anticipated deal, Russia's largest bank, state-controlled Sberbank, agreed to sell its complete share in Turkey’s Denizbank by the end of the second quarter of 2019 to Dubai-based lender Emirates NBD, Reuters reported.
The price of $2.8 billion is about 20% lower in dollar terms from previously agreed,...
Russia’s national air carrier, Aeroflot, has launched its 2019 summer timetable, which features 159 destinations (up from 146 a year ago), Interfax reported.
The airline’s destinations include 58 cities within Russia and 101 in 53 other countries around the world, in the upcoming summer season.
The IATA summer season kicked off...
