The company of jailed U.S. businessman Michael Calvey, Moscow-based private equity group Baring Vostok, has written an open letter to Russian President Vladimir Putin, urging him to intervene in the arrest of a U.S. citizen, CNBC reported.
Calvey, who is the co-founder of Baring Vostok, was detained along with...
A Russian company is planning to build the country’s first private spaceport for suborbital flights, Moscow-based daily newspaper Izvestya reports.
The project’s price tag is expected to reach $40 million. The facility could be constructed on the territory of the Nizhny Novgorod Region or in Tatarstan, according to the report. One...
Former Russian Energy Minister and head of investment-oriented corporation Energia, Igor Yusufov, has proposed the creation of an oil-backed cryptocurrency, CoinTelegraph reports citing Russian media.
“After the launch of the cryptocurrency platform, oil-producing countries will be able to maneuver with respect to financial and trade restrictions, which have become too many...
Russian automobile manufacturer AvtoVAZ is in talks with Iran over the sale and assembly of its cars in the country, Izvestya reported.
“Avtovaz has been assembling its cars in Egypt. Negotiations are underway with a number of other countries, such as Iran,” Viktor Kladov, the director of international cooperation and...
Russia’s biggest bank, state-owned Sberbank, has taken the top spot as the most valuable stock on the Russian equity capital market, worth a massive $69.4 billion as of February 22, Intellinews reports.
Investors are drawn to Sberbank as it is seen as a proxy for the whole Russian economy. The...
The Russian market has grown into the second-largest for German chocolate manufacturer Ritter Sport, a top executive at the company has told the German-Russian Chamber of Commerce, RT reports.
The company, famous for its signature square bars, has seen its sales fall across Europe – with the exception of Russia,...
Over three quarters of businessmen from Japanese companies operating in Russia have concerns about the effects of United States sanctions on the country, despite about 70 percent of them expecting to post profits from their Russian operations for 2018, a newly conducted survey reveals, according to NHK.
The Japan External...
A new grain exporters’ union will be set up by the Russian Agriculture Ministry to “better understand the needs of the market,” officials said this week after its routine meeting with local grain traders, Reuters reported.
The move was interpreted by traders as a result of the close attention...
The size of Russia’s shadow economy was equal to 20 percent of the GDP last year, business newspaper Vedomosti reported Friday, citing data from state financial watchdog Rosfinmonitoring.
The watchdog recorded 20.7 trillion rubles ($315.9 billion) in undeclared imports and income taxes, as well as under-the-table salaries and other suspicious...
Russian charter tourist arrivals have dropped by more than 50% this season compared to the same time last season, The Times of India reports.
From October 2018 up to January 28, a total 169 charters landed in the state with 54,924 tourists, whereas during a similar period in the...
