The subjects of Russia’s North Caucasus Federal District have been stealing gas and electricity and chronically not paying their bills, the country’s Minister of North Caucasus Affairs has accused, according to RIA.
“In the first half of the year, the debt for electricity in the regions of the North Caucasus...
One of the world's largest cocoa producers and grinders, Switzerland’s Barry Callebaut, has said that Russia’s fast-growing appetite for chocolate is helping to boost global cocoa demand, RIA news agency reported.
The Zurich-based processor said chocolate consumption in the world’s second-biggest market for the confectionery expanded by almost four times...
Two Russian-led Estonian companies were blacklisted by the United States Department of Commerce on Friday for supplying electronics prohibited for export to Russia, Estonian World reports.
The Department of Commerce Office of Export Enforcement confirmed to the news outlet that Eastline Technologies and Adimir were added to the Denied Parties...
India will finally acquire the S-400 Triumf, the world's most lethal surface-to-air missile system, from Russia in spite of a threat of sanctions from the U.S., CNN reports.
The deal was signed between Prime Minister Narendra Modi and Russian President Vladimir Putin on Friday. Putin arrived in India on...
India’s Commerce and Industry Minister Suresh Prabhu on Friday called for a government-level agreement with Russia for diamond imports in a manner that does not adversely impact the balance of payment of India, PTI news agency reports.
He said that India is an important hub for cutting and polishing of...
Authorities in South Korea banned all ships from the U.S-blacklisted Russian shipping company Gudzon from entering its ports, while a vessel seized earlier this week with the cargo on board is navigating to the port of Pohang, Interfax news agency reports.
The Sevastopol vessel of this company was arrested...
The Russian Government has proposed that from 2019, the number of foreign workers employed in the construction sector will be limited to 80% of the total number of workers in an enterprise, the Kommersant business newspaper reports.
"There will be a reduction in the foreign labor force in the...
Russia has "very high yielding and a very cheap stock market,” with shares by oil and gas companies Lukoil, Novatek, and Gazprom Neft being most attractive at the moment, says UK-based fund manager Ewan Thompson, Investment Director and Co-Head of Emerging Market Equities at Neptune Investment Management.
Shares in...
The Russian stock market and the country’s economy, in general, are at highest risk from changes in global climate policy changes, according to investment management company Morningstar’s Carbon Metrics.
Russia, with nearly 60% of its market cap in energy stocks, has the world's highest level of the so-called Carbon Risk,...
A bill allowing foreign legal entities to join Russia’s alternative to SWIFT - the international system for transfer of financial messages - has been submitted to the lower house of Russia’s parliament, the State Duma, Kommersant reports.
The bill offers a direct exchange of messages about financial transactions for both...
