Russian Prime Minister Dmitry Medvedev has signed a decree on approval of a competition development roadmap in branches of the economy and transition of individual spheres of natural monopolies to a competitive market condition, TASS news agency reported.
The document designed for 2018-2020 sets forth performance indicators, actions, and expected deliverables,...
Kazakhstan, a former Soviet state in Central Asia, is increasingly challenging Russia’s oil dominance in the region, Vestnik Kavkaza writes in an analysis of Central Asian oil sector developments.
Kazakhstan will limit its imports of Russian gasoline products starting on Saturday, citing a surplus in its refineries as a reason...
Russia's second-biggest retail chain, Magnit, announced a like-for-like sales decline across all its divisions, bar its drugstore operation, in the second quarter of its financial year, Kommersant reported.
The company cited low inflation and increased competition as the reasons for the sales decline. According to the group's reviewed half-year...
The Russian Central Bank is seeking the right to block websites that are used for financial fraud, without first acquiring judicial approval, Vedomosti reports.
According to a federal official cited by the newspaper, the idea was discussed last week at a conference with Deputy Prime Minister Maxim Akimov. The Central...
Fifteen foreign banks operating in Russia are protesting a new plan proposed by the Russian central bank to reduce the amount of cash the lenders can move abroad from their units located in Russia, American Banker reports.
Russian subsidiaries of banking majors, including Goldman Sachs, Citigroup, Raiffeisen, JPMorgan, Deutsche Bank...
The Russian rouble lost value once again on Thursday, after briefly recovering when the central bank suspended daily dollar purchases, Reuters reported.
Just as the ruble slid to its weakest level since April 2016 earlier in the session, the central bank said it was halting the only recently resumed purchases...
The Russian government has pledged to invest around $40 billion in infrastructure during President Vladimir Putin’s sixth term in office, and authorities are already choosing projects on which to spend the money, Kommersant reports.
According to the business newspaper, projects planned to be financed under the government’s program span all...
Moscow did not plan to halt supplies of rocket engines to the United States in response to a new round of U.S. sanctions against Russia, Russian Deputy Foreign Minister Sergei Ryabkov said on Thursday, according to RIA news agency.
A Russian lawmaker said earlier this month that Moscow could restrict exports of...
The Russian economy is not facing default in the near future, because global oil prices have created an additional "safety margin" for the Kremlin, Ukrainian economist Boris Kushniruk said, according to Obozrevatel.
However, if oil prices fall to $35 per barrel, (now at $70), this could "bury" the Russian economy, the analyst...
