Germany authorities seized four mansions situated on two federal land plots worth €40 million ($45 million) and €6.7 million ($7.6 million) in cash as part of an investigation of a case concerning siphoning off of more than $22 billion from Russia through Moldova and Latvia, better known as the...
The owner of Wildberries, one of Russia’s biggest online retailers, Tatyana Bakalchuk, who managed to build her company from scratch into a $1.2 billion firm, has entered the list of Russian billionaires, Forbes reports.
This year, Wildberries – the leader of Russian online retailing, where customers shop for hundreds...
Australian companies have been facing difficulties with supplying coal to China, since clearing times through Chinese customs have sharply increased, Vedomosti reports, adding that Russia is one of the possible alternatives sources of the commodity.
China is the world’s main coal consumer and the largest importer (about 19% of world...
Austria will continue promoting the Russian-led Nord Stream 2 natural gas pipeline project despite the negative stance of the United States on the issue, Austrian Chancellor Sebastian Kurz said in an interview with Austrian broadcaster ORF.
" has clearly said that the United States is against this project. We...
The notorious North Korean hacker group APT Lazarus group seems to be participating in coordinated attacks against Russian-based companies for the first time, IT-online reported.
According to researchers at CheckPoint, the attacks over the past several weeks were likely launched by the Lazarus subdivision “Bluenoroff, whose main focus is monetization...
The Russian Ministry of Economic Development has proposed subsidizing the export of Russian cinema and animation content, Kommersant reports.
According to the newspaper, lawmakers are hashing over expanding funding for content producers, as well as tax breaks for companies selling films and TV series abroad for more than $1...
Mining giant Glencore is planning to cut production at one of its largest copper and cobalt mining operations in the Democratic Republic of Congo, the Wall Street Journal reported on Tuesday, citing sources.
The output cut is likely to be temporary as the company looks for new ways to mine...
A ruined palace once used by the Russian tsars can now be taken over and renovated by the country’s biggest oil company, state-run Rosneft, draft legislation provisionally backed on Tuesday by lawmakers reveals, according to Reuters.
The Ropsha Palace, 18th-century residence near St. Petersburg built by order of Peter the...
Gazpromneft-Aero, the aviation fuel operator of Gazprom Neft, has sold 5 million tonnes of jet fuel since the start of operations at the Sheremetyevo International Airport, Moscow, in 2012. The fueling milestone was delivered to an Aeroflot Airlines aircraft flying to Phuket, Thailand.
Over the past seven years, Gazprom Neft’s...
Danish banking holding Danske Bank said that it will shut down its banking operations in the Baltics and in Russia after Estonia ordered it to close the branch at the center of one of the largest-ever money laundering scandals, Reuters reported.
The Estonian Financial Supervision Authority (FSA) has ordered Danske...
