Venezuelan President Nicolas Maduro has ordered the transfer of state-run oil giant PDVSA’s European office from Lisbon to Moscow, Gazeta.ru reports.
The move comes within the framework of the company’s cooperation with Russian energy companies Rosneft and Gazprom, the report said. Experts believe the move to be a rather...
Penta, the neighborhood lifestyle hotel brand under Hong Kong-based Rosewood Hotel Group, is back in Moscow after 20 years, Business Traveler reports.
Formerly operating as the “Moscow Olympic Penta Hotel” under different ownership, the property had closed its doors in the late ‘90s, only for the brand to make...
British clothing retail giant Next and Next Children is planning to leave the Russian market, news outlet RBC reported on Thursday, citing a reference to sources in the commercial real estate market.
Due to the devaluation of the ruble, companies have not been able to maintain a sufficient level of...
The Bank of Russia will endeavor to keep inflation within the range limits, despite criticism against the background of the key rate increase in 2018, the central bank’s chief Elvira Nabiullina said in an interview with the International Monetary Fund’s (IMF) periodical journal.
"Now we experience a temporary increase...
Russian miner-steelmaker Evraz has announced that its full-year core earnings last year were the strongest since 2008, according to Sharecast.
The company said that higher prices of steel and vanadium and a weaker ruble were among the reasons for the positive results.
Evraz, co-owned by oligarch Roman Abramovich, reported...
The United States Congress published a new bill which would impose sanctions against Russia on Wednesday, including provisions regarding the country’s banks, sovereign debt, shipbuilding, and oil and gas projects, Vedomosti reported.
According to experts, if the bill is approved, Russia will not be able to produce as much...
Flights from Russia to Egyptian resorts may be fully resumed in the near future, the chairman of the Russian Federation Council Foreign Affairs Committee Konstantin Kosachev said on Tuesday, according to Russian news outlet Ponedra.
“Now the flights, at least en route from Moscow to Cairo, have been fully...
Russia’s Kalashnikov Concern, owned by state-run tech corporation Rostec, has completed the acquisition of shipbuilding assets, gaining a full set of competencies to enter the industry, the company’s CEO Vladimir Dmitriev told TASS news agency in an interview on Wednesday.
"We are not planning to expand this business and...
Russian companies have not incurred any losses on the oil they produce in Venezuela and are not experiencing any problems resulting from the political crisis in the country, Russia’s Energy Minister Alexander Novak told news outlet Gazeta.ru in an interview.
“Our companies present in Venezuela are following the situation very...
Russian gas would remain more competitive in Europe than U.S. gas, the country’s biggest independent producer Novatek and oil major Shell said on Wednesday, according to Reuters.
New mega projects currently built in Russia that would be insulated from any new U.S. sanctions were pointed out as the main...
