Indonesia imported 1.14 million tonnes of wheat from Russia from July last year to the end of March continues according to official Russian reports. This continues the Southeast Asian country’s newly formed love affair with Russian wheat, Stock & Land reports.
While Indonesia’s current import figures are still dwarfed by...
Revolut, a UK digital banking startup, confirmed on Tuesday that it is launching its services in Russia, in partnership with QIWI, a financial technology firm that works extensively in Russia and other former Soviet countries, Vedomosti reported.
The English challenger bank needs QIWI to provide payment solutions that allow users to...
Three U.S. mills, Nucor, US Steel and AK Steel, are objecting to a request made by Russia’s Evraz to exempt Russian steel slab imports from the United States' Section 232 tariffs, filings with the U.S. Bureau of Industry and Security (BIS) reveal.
According to Platts, if successful, these objections could...
Russia will continue to liberalize the legislation in the business sphere to provide foreign investors a healthy business climate, President Vladimir Putin said on Tuesday at a meeting with the Austrian business community.
"We will continue to do everything needed, in particular, for the Austrian business to feel comfortable on the Russian...
Enel Russia, part of Italian energy holding Enel, intends to commission a wind farm in the Rostov region in December 2020, Yulia Matyushova, financial director of Enel Russia, said during the company's annual shareholders meeting.
The wind park located in the Murmansk region is expected to be put into operation...
The Bank of Russia expects that the "clean-up" of the Russian banking sector will end soon, Central Bank head Elvira Nabiullina said on Monday in Parliament.
"We expect that our measures for improvement of regulatory supervision quality in the banking sector will make it possible to complete the market cleaning...
Some 80 miles from the capital Moscow, Russian farmers and small businesses around Kolionovo are ditching the ruble and switching to a newly-promoted cryptocurrency -- the kolion -- to pay for local trade, CNN reports.
A local banker-turned-farmer, Mikhail Shlyapnikov, led the way. When he was diagnosed with cancer a...
Russian energy group EN+ has confirmed the resignation of its president Maxim Sokov as it attempts to placate U.S. authorities and avoid sanctions, Kommersant reported.
The U.S. unveiled a raft of sanctions on Russia-linked companies in April this year, in response to the country’s alignment with Syria and the poisoning of former spy...
A new set of measures aimed at changing and improving Russia’s business climate is being drawn up by the country’s Economic Development Ministry, RBC reported citing sources.
The plan dubbed ‘The Transformation of the Business Climate’ contains 14 areas, including property rights protection, taxes, human capital and labor productivity, business activity,...
Russia’s state-owned companies will transfer less money for dividends to the federal budget in 2018, which will create a $692 shortfall in revenues, RBC reported quoting a report compiled by the Russian Accounts Chamber for a bill on amendments to the 2018 budget.
The report says the number of dividend payments to the...
