China’s Alibaba Group and Russian venture capital fund Sistema invested $26.4 million in SQream, an Israeli software manufacturer for analysis of big data, ComputerWorld.ru reported.
According to a joint statement by the two companies, venture capital funds Hanaco Venture Capital, World Trade Ventures, Paradiso Ventures, Glory Ventures and Silvertech Ventures also took...
Russian oil giant Lukoil’s plans to develop projects in Iran are put on hold due to the threat of U.S. sanctions, a company representative said on Tuesday, according to Neftegaz.ru.
Lukoil was interested in participating in the development of the Ab-Teymour and Mansouri fields in western Iran. The company, which is Russia’s...
Russian tech giant Yandex has launched a smart speaker to compete with the likes of Amazon, Apple, and Google, the company announced on Tuesday. The speaker, called the Yandex Station, is the company’s first attempt at hardware, and it’s equipped with a Russian-speaking voice assistant called Alice that was developed...
Russia and China have reportedly agreed to revive an old project for the construction of a massive coal power plant on the border between the two countries, RBC reported citing sources close to the project’s participants.
The Yerkovetskaya TPP, a $10 billion project, will be partly financed by Russia’s state-run development...
Russia’s agriculture industry has seen a decrease in investment by foreign companies in 2017, compared to the previous year, research from professional services firm EY published at St. Petersburg International Economic Forum reveals.
According to Forbes Russia, the report said that last year, for the first time ever, China became...
The Philippines Department of Energy is planning to import oil reserves from Russia and other non-member countries of the Organization of the Petroleum Exporting Countries (OPEC), to cushion the impact of rising global oil prices, CNN reported.
The plan came despite crude prices dropping this week. Reports had said Brent...
Russia’s State development bank VEB should serve as the main vehicle to implement a Presidential decree outlining economic goals for Vladimir Putin’s new mandate as president, Russian Prime Minister Dmitry Medvedev said on Tuesday, according to Izvestya.
Earlier this month, Putin set the government a series of ambitious economic goals...
Russian businessman Oleg Deripaska may have to break off an agreement between Rusal shareholders, as the move was requested by the U.S. authorities as a condition to lift sanctions on the major aluminum producer, Vedomosti reported citing sources.
Dropping the agreement is the only way out of the current situation, the...
Russia imported almost 67,000 finished vehicles during the first quarter 2018, up by just under 50% compared to the same time last year, data from the country’s Federal Customs Service shows. Imports over the time frame reached $1.65 billion, the data reveals.
This is the first time in a decade that the share of...
A senior official at Russia’s central bank has said that blockchain technology needs to improve in security and scale and is currently not ‘mature’ enough, BC Focus reports.
Bank of Russia deputy governor Olga Skorobogatova was speaking at the annual St. Petersburg International Economic Forum during the weekend when she...
