Switzerland’s largest Bank Credit Suisse because of the sanctions the United States froze about $5 billion associated with Russia, Reuters reports.
“Credit Suisse works with international regulators wherever it does business to ensure compliance with sanctions, including compliance with sanctions involving Russia,” a spokeswoman for the bank said, without identifying the...
The former president of Russian diamond mining company Alrosa, Andrey Zharkov, has announced he is making a move to lab-grown diamonds, according to JCK.
Last year, Zharkov started a lab-grown venture, called Ultra C, which will sell loose diamonds, but it also hopes to start a lab-grown diamond jewelry brand,...
Russian mining and metals concern Mechel said on Wednesday its coal output in the second quarter fell 5 percent compared with the first quarter to 4.726 million tons, according to Finanz.ru.
Coking coal concentrate sales amounted to 1.911 million tonnes in the second quarter, up 19 percent quarter-on-quarter, the company’s...
Russia’s Megafon, the country’s no.2 mobile telecommunications operator, reported a strong set of results on August 16, supported by the unfolding effect of a price war that broke out in the summer and during the soccer World Cup, Reuters reported.
The company deconsolidated its accounts from Mail.ru Group following the completion...
The Russian government sees no reason, for now, to introduce an export duty on wheat and is not considering one, the country’s agriculture minister Dmitry Patrushev was quoted as saying by Interfax news agency on Tuesday.
Speculation mounted among traders that Russia could consider grain export curbs once exports reach 30...
Turkey said on Tuesday it will receive the first S-400 missiles from Russia in 2019, a year earlier than previously announced, NTV reported citing Interfax news agency.
"The contract on the S-400 to Turkey is being executed within the agreed timeline," said Alexander Mikheyev, chief of Rosoboronexport, Russia's state...
Long known as a hot property spot, St Petersburg’s grandest and most expensive part, the Golden Triangle, is still attracting Russian and foreign investors, despite Western sanctions on Russia, The Real Deal reports.
The high-end neighborhood, with its romantic canal and riverside setting rich in ornate palaces and mansions from...
Lada Vesta became the domestic bestseller in Russia in the first half of 2018, the country’s analytical agency Autostat reported on Monday.
"About 173,000 new cars of national brands were sold in Russia in six months of 2018, up 20% on an annualized basis. Lada Vesta model has become the...
Russia’s grain exports, helped by a record crop season last year, have surged 50% since the beginning of the year and reached 5.6 million tons, Izvestya reports citing data provided by the Russian Agriculture Ministry.
Wheat exports amounted to 4.6 million tons as of August 8, which is nearly...
An independent electoral watchdog in Russia has been mulling the utilization of blockchain technology for its electronic voting system, with the new system currently going through a testing phase, TASS reports.
Russia is the fifth largest cryptocurrency market in the world, with blockchain-based applications being considered by many public institutions.
The non-profit...
