Russia’s top aluminum producer Rusal plans to enter new trade markets in 2019 after the company was relieved of U.S. sanctions in January, chief executive officer Evgeniy Nikitin told reporters on Thursday, according to Metalinfo.ru.
"Currently Rusal is on track to fully restore all business processes, which is the main...
Russia’s Duma Committee on Financial Markets is considering the adoption of a mandatory identification process for users of digital assets, daily newspaper Izvestya reported on Thursday.
Anatoly Aksakov, who chairs the committee, revealed that the authority is planning to amend Russia’s crypto regulation, aiming to establish a special identification process...
Italian Prime Minister Giuseppe Conte said on Friday he was working to try to end international sanctions against Russia, underscoring the need to have an open dialogue with Moscow, Euronews reports.
"The point is that the sanctions cannot be a final objective, they can only be the means. Maintaining...
U.S.-based international fast food chain Burger King has become the most widely represented international brand in Russia, overtaking Adidas and Yves Rocher, which shared the first place last year, RBC reports.
According to analysts, this is due to the resilience of fast-food chains to crises and the optimization of...
Sales of Russia’s luxury limousine Aurus in the European market have been excellent and suppliers of the brand are provided with clients there for the next 3-4 years, Russia’s Industry and Trade Minister Denis Manturov said in an interview for Rossiya-24 TV news channel on Thursday.
European dealers have shown...
Lawmakers in Russia’s State Duma (lower house of parliament) have passed a bill banning hostels in residential buildings, a measure that risks severely limiting affordable accommodation options for travelers, Lenta.ru reports.
“Living accommodations in an apartment building cannot be used to provide hotel services,” the bill, which was first submitted...
A branch of the TurkStream pipeline that will deliver Russian natural gas into Turkey as well as southern and southeastern Europe will begin to be built in Serbia next month, the country’s energy minister Aleksandar Antic has said after the Serbian energy regulator has given final approval for the...
The ruble was lower against the dollar on Thursday, ahead of a Russian national holiday and a European Central Bank meeting that’s expected to increase volatility on the global currency market, Reuters reports.
The Russian currency was 0.04 percent weaker against the dollar at 66.01 (07.15 GMT) and had lost...
Brazilian crude oil shipments for China’s independent refineries surpassed Russian cargos and topped the list in February at 2.17 million metric tons (mt) an S&P Global Platts monthly survey showed.
Total imports from Brazil were just 54,000 mt more than those from Russia, though they were still 5.4% lower from...
A Russian Economy Ministry forecast of the ruble’s average exchange rate this year was revised to 66.4 per U.S. dollar from 63.9, minister Maxim Oreshkin told members of the State Duma (lower house of Parliament) on Wednesday, according to Reuters.
According to the minister, the revision was due to...
