Russian gold miner NordGold has managed to save an estimated $16.5 million last year in Burkina Faso, thanks to a special low tax deal it made with the West African country’s former dictator, Finance Uncovered reports.
According to the investigative news outlet, the sum easily eclipses the $12million Burkina Faso...
As the process of transforming Soviet-era retail stores in Russia comes to an end, most Russian cities and larger towns are now serviced by supermarkets and the companies are already starting to focus on new formats to boost sales and better meet the changing demands of the population, Intellinews...
Ukrainian authorities filed an appeal against the decision taken by the World Trade Organization (WTO) in a dispute with Russia concerning railway equipment, said a press release posted on the organization’s website on Monday, according to Izvestya.
"Ukraine filed an appeal on 27 August concerning the WTO panel report in...
The global diamonds market has returned to strong growth, and Alrosa, one of the world’s largest diamond producers, wants to catch up with its rival De Beers by expanding to China and India, Russian news outlet Prime reports.
Alrosa is the world’s largest producer of rough diamonds in carat...
Contracts for the construction of 12 Angara A5 heavy lift launch vehicles were signed by the Khrunichev State Research and Production Space Center, a Moscow-based company, the spacecraft maker’s Chairman of the Board of Directors Nikolai Sevastyanov said in an interview with business newspaper Kommersant.
"Currently, 12 contracts for the construction...
Andrei Belousov, the aide to President Vladimir Putin who proposed a windfall tax for Russian mining and chemical companies, has apparently backed down from the contested initiative, Reuters reports. Belousov said on Friday he would like major Russian firms to invest in social projects rather than pay higher taxes.
This...
Russian energy companies should expand their infrastructure for coal exports and should seek to diversify their export destinations, especially with regard to China, Russian President Vladimir Putin said on Monday, according to state-run news agency TASS.
"Last year, domestic companies exported more than 190 million tons of coal. According to...
A U.S. federal court ordered the seizure of shares in Venezuelan-owned oil company Citgo, which will be sold to pay a $1.2 billion settlement to a Canadian mining company unless Caracas puts up a bond, AFP reports.
U.S. District Court Judge Leonard Stark said in an order issued Thursday that...
Turkey and Russia seek to enhance cooperation in various technology fields, including space tech and strengthening the ties between the two countries’ space agencies, Trend news agency reports.
Turkish Technology and Industry Minister Mustafa Varank met Russian Minister of Digital Development, Communications and Mass Media Konstantin Noskov on Friday, at...
New U.S. sanctions against Russia for last spring’s nerve agent attack in Britain will go into effect Monday, but their impact will be limited among a raft of other punitive measures already in place, CNBC reports.
But while the measures themselves — largely prohibiting U.S. technological exports and government financing...
