A plan for a proposed Finnish-Russian joint project for a nuclear reactor in western Finland has been postponed by four years to 2028 as more time is needed to secure the project’s licenses, Reuters reports.
“The goal is to receive the construction license and to start the construction of...
The United States Treasury Department said on Thursday it is giving investors more time to wind down connections with sanctioned Russian company GAZ Group, a company in which blacklisted Russian billionaire Oleg Deripaska holds a large stake, Reuters reports.
The announcement comes a day after the Treasury said it...
One of Russia’s leading precious metals miners, Polymetal International, has said it had completed a non-cash exchange of its Tarutin property in Russia for 85% of the East Tarutin copper-gold property in Kazakhstan, according to Morningstar.
The asset swap with Russian Copper Company was announced in April this year.
“East...
Despite having almost reached self-sufficiency in the pork industry, Russian companies are expected to increase production capacities by 900,000 tons over the next four years, Global Meat News reports.
Speaking at an industry conference in Moscow, Yuri Kovalev, chairman of the Russian Union of Pork Producers, predicted that with this growth, the...
Russians are spending almost a third of their income (31.2%) on food, a new study from RIA Rating, a branch of the RIA news agency, has revealed.
The study looks into the spending habits of citizens of 40 European countries, as well as Russia, Kazakhstan and Turkey.
Luxembourg spends the least of all...
Sheremetyevo International Airport and Aviasales summed up interim results of their joint air ticket search service for the period of January-November 2018. The handy widget continues to help passengers book flights just with a few clicks, Aviaport informs.
Sheremetyevo became the first Russian airport, which began working with the Aviasales...
Russia’s financial technology (fintech) sector is booming despite weaknesses in the country’s economy, says a new report from Deloitte and ID Finance, according to Finextra.
The report estimated Russia’s private fintech market to be worth $810 million, representing growth of 12% compared to last year. Deloitte also found that in a sector...
Planned production curbs by global producers, led by Saudi Arabia and Russia, failed to diminish concerns about renewed oversupply stoked by swelling U.S. shale output, sending global oil prices down 4%, OilPrice.com reports.
Fears of a potential slowdown in the global economy and the ensuing weaker oil demand have also...
Radisson Hospitality AB, the company that owns global upscale hotel chain Radisson Blu, has signed a deal to open a hotel on Moscow’s Leninsky Prospect, its third in the Russian capital, TASS news agency reported.
A collaboration with Sherwood Premier LLC, a subsidiary of Russian gas giant Novatek, the hotel...
A Russian unit of London-based insurance broker Aon Plc has signed a one-year deal with the Russian National Reinsurance Company (RNRC) that will allow RNRC to reinsure risks for up to 10 billion rubles ($149 million), Reuters reported on Tuesday citing RNRC boss Nikolay Galushin.
The RNRC was created by...
