The Armenian tax authority has launched criminal proceedings against the country’s national gas distribution company, which is owned by Russia’s Gazprom, accusing the Armenian operator of evading millions of dollars in taxes, RFE/RL reported.
Armenia’s State Revenue Committee (SRC) announced the criminal charges on November 14, claiming Gazprom Armenia inflated its...
Russian Fishing Company Virma has purchased a vessel from Greenland-based Polar Seafood with plans to take its first steps into the country's flourishing shrimp fishery, Undercurrent News reports.
Virma is based in Karelia and is part of the Karelia Fisheries Union. This month, it bought the vessel Acadienne Gale II from...
Over 213,000 American tourists visited Russia in the first nine months of this year, a number 30% higher than in 2014, when relations between Russia and the U.S. began to deteriorate, Izvestya reports citing data from the Federal Security Service (FSB).
Despite the ongoing diplomatic spat between both countries, the inflow...
Gazprom has confirmed that the offshore section of its Turkstream pipeline project in the Black Sea has been completed, Investing.com reported.
Gazprom subsidiary South Stream Transport handled the construction of the offshore section, while the contract for both pipelines was awarded to Allseas Group.
Allseas deployed the Pioneering Spirit pipelaying vessel to...
Global food and drink packaging company Huhtamaki is investing around $8 million in its fiber packaging operations in Russia to facilitate further growth, the company said in a press release.
In addition to the fast-growing Russian market the operations in Ivanteevka, near Moscow, the facility also serves the neighboring countries of Belarus...
A 30-year-old former computer programmer became Russia's most celebrated cheesemaker after he appeared at a nationally televised event last month, where he praised President Vladimir Putin’s ban on European and U.S. agricultural products, NPR reports.
Russia banned European food imports in retaliation for Western sanctions that followed the Kremlin's 2014 annexation of Ukraine's...
Investors from the Ajman Media City Free Zone (AMCFZ), a new investment destination in the UAE Emirate of Ajman, have selected Russia as a possible investment destination, Reuters reports.
The AMCFZ is offering flexible and innovative business set-ups to global entrepreneurs in the media, digital and entertainment sector.
“We have concluded a...
Singapore-based cryptocurrency exchange Huobi has announced a global expansion plan including a goal to set up an office in Russia. The goal has now been reached, but the world’s third-largest crypto exchange has much higher ambitions for the country than just offering an exchange, Coin Desk reports.
Huobi is the first...
A company hired by Great Britain to collect visa applications in Russia has “absolutely no involvement with the decision-making process,” Britain’s Home Office has said, according to the Associated Press.
The company, TLSContact, is “simply an application point,” according to a statement, which clarifies that final decisions regarding visas are...
The CEO of Otkritie bank, a troubled lender bailed out by Russia’s central bank last year, has almost finished its clean up and is switching its focus to growth this year, Chief Executive Mikhail Zadornov told Reuters.
In 2017, the central bank has so far spent more than 2 trillion...
