A $1.14 billion tax hike for gas producer Gazprom effective from September 1 was approved by Russia’s lower house of parliament on Thursday, the results of a plenary session showed.
Lawmakers in a third and final reading agreed to raise the mineral extraction tax, the single largest tax item, for...
Russia’s former Economy minister Alexey Ulyukayev has appealed a ruling of Moscow’s Zamoskvoretsky District Court to return $2 million that ex-minister received as a bribe to the Federal Security Service (FSB) general, according to the court’s press-service. The appeal will be reviewed later, TASS news agency reported.
The former minister was...
Legions of migrant workers from Central Asia have helped Russia to smoothly run the soccer World Cup – from builders who built the stadiums and keep them running to staff concession stands and workers who clean up after fans revelling through city streets, The Washington Post reports.
Menial jobs across...
R-Pharm, one of Russia’s leading drug makers, together with American company biopharmaceuticals company AbbVie, have won a state tender for the supply of one of the most sought after anti-HIV drugs – Kaletra (lopinavir plus ritonavir), the company and the Russian Ministry of Health said, according to Kommersant.
The total...
А European Union committee on June 20 decided to postpone the discussion of amendments to the EU gas directive before the tripartite talks between Russia, Ukraine and the EU on extending the Ukrainian gas transit contract, two sources close to its participants told Vedomosti.
The gas directive is one of...
Russian oil companies are priming the pumps to significantly boost crude output this summer, taking on an unusually important role in a global effort to keep prices in check, Oil Price reports.
Alongside Saudi Arabia, Russia is one of just a few countries that can quickly ramp up production, a...
A Majority of Russian lawmakers on Tuesday voted for a proposal to raise value-added tax to 20% in a preliminary vote, Vesti.ru reported.
The proposal is part of an unpopular budget package designed to consolidate government finances, which has already hurt President Vladimir Putin's approval rating.
The government is looking for...
Bulgaria has all the necessary infrastructure for implementing the Turkish Stream project, Prime Minister Boyko Borisov said, once again openly demonstrating Sofia’s desire and readiness to use the second leg of the gas pipeline for itself, Izvestiya reports.
At the same time, Gazprom's press service told the newspaper that the...
Austria’s formwork company Doka GmbH, a branch of the Umdasch Group AG, will initiate construction of its first formwork plant in Russia’s Lipetsk Special Economic Zone, RIA news agency reported.
According to the press secretary of the Lipetsk Economic Zone, Elena Syomina, full works on the plant should start by...
One of the world’s most popular cross-platform IM apps, Viber, is currently in the process of entering the Russian financial market, News BTC reports.
Viber is owned and operated by a Japanese multinational called Rakuten who plans to introduce its native currency offering called the Rakuten Coin within the Russian...
