Russia's aluminum giant Rusal reported on Monday a double increase in its net profit in the second quarter of 2018 under the International Financial Reporting Standards (IFRS), totaling $440 million, Reuters reports.
At the same time, the company also managed to ramp up its output of aluminum by 2.1 percent to 1.88 million tonnes (2,06 million...
The number of children under 16 in Russia who live below the poverty level has dramatically increased in the last decade, and today a third of all the people classified as poor in the country are children, Nezavisimaya Gazeta reports.
According to the report, this situation is a direct result...
Exxon Neftegaz Limited, a participant in the Sakhalin-1 consortium, resumed arbitration proceedings against Rosneft in the International Chamber of Commerce in Paris on oil crossflows balancing, documents of India’s ONGC, another consortium member, reveal.
Exxon undertook such actions after Rosneft in July filed a lawsuit for the sum of 1.4...
The announced construction of a BMW plant in Hungary will not affect plans of the manufacturer to launch production in Russia, a source in the regional administration of the Kaliningrad region has said, according to Contruction.ru.
This week, BMW announced it will invest $1.17 billion to build a new plant...
As the ongoing trade tensions between Beijing and Washington is heating up, the expected resulting slowdown in the global economy could draw the recovering Russian economy back into another crisis, experts told Nezavisimaya Gazeta.
After Washington imposed tariffs on Chinese goods in early June, Beijing retaliated with its own measures against...
The Russian ruble reached two-week lows on Thursday after U.S. senators proposed sanctions on Russia's new sovereign debt, Reuters reports.
In an attempt to raise pressure on Russia, particularly in response to Moscow's alleged meddling in U.S. elections, the new bill called for "sanctions with respect to transactions relating to new sovereign...
Republican and Democratic U.S. senators introduced legislation on Thursday to impose stiff new sanctions on Russia, the latest effort by lawmakers to punish Moscow over interference in U.S. elections and its activities in Syria and Ukraine, Platts reports.
The bill includes restrictions on new Russian sovereign debt transactions, energy and oil...
August 2 marked the first anniversary of the infamous American CAATSA act (Countering America’s Adversaries Through Sanctions Act), which has served as a cornerstone of Washington’s sanctions against Russia By default, sanctions are a long game by default, so the CAATSA is still settling in, and its main custodian,...
Russia’s Tax Code may soon receive the addition of a new tax called ‘Environmental Tax’ that will replace the existing environmental fee, Izvestya reports with reference to a letter by Deputy Finance Minister Ilya Trunin addressed to the President of the Center for Strategic Research Pavel Kadochnikov.
The decision...
High protein Russian wheat prices in the coasters survey have rallied to a three-year high as a supply crunch pushes buyers to pay more, Russian analytical agency SovEcon reported.
The average export prices for Russian wheat (FOB, deepwater ports, protein 12.5%) for the past week increased by $9 to $216.5...
