Russia needed to improve its economy’s productivity and diversity, the managing director of the International Monetary Fund, said on Thursday.
Speaking at an economic forum in Russia’s second city St Petersburg, Christine Lagarde also said Russia should not change its fiscal rules, adding that investors do not welcome rule changes,...
Тhe head of strategy at Russian pipemaker TMK Vladimir Shmatovich told CNBC Thursday that rising oil prices and higher U.S. production can only be beneficial to his company.
"The sector we're in is very dynamic now with the oil price at $70-plus for WTI (West Texas Intermediate), we're seeing very...
Russia’s retaliatory measures against U.S. sanctions seem purely symbolic, with the Kremlin avoiding previously announced tough action out of fear of public backlash and scaring off foreign investors, analysts told Deutsche Welle.
The country’s Parliament on Wednesday passed a significantly watered-down version of a controversial bill outlining Russia’s retaliatory measures...
Russian aluminum giant Rusal appointed an interim chief executive and announced a sweeping board reshuffle as it seeks to be extricated from sanctions imposed by the United States, Bloomberg reported. The company warned it may have problems servicing its debt due to the impact of the U.S. measures.
According to...
Russia needs guarantees from the European Commission and the Bulgarian government for laying a gas pipeline through the Balkan country, Russian Energy Minister Alexander Novak has said, according to Eurasia Daily.
“Bulgaria is showing interest in the gas transit passing through its territory, including considering the possibility of constructing a gas hub...
Russia’s Federal Tourism Agency will consider a proposal to curb the operations of the online accommodation reservation service Booking.com in response to U.S. sanctions, RBC reported citing the agency’s press service.
"We believe it is necessary to ask respective professional public associations about their opinion on the proposal and this request...
Russia’s economy showed further signs of recovery despite the latest U.S. sanctions that seem to have little immediate impact on Russia’s fundamentals, Kommersant reported.
Real wages growth exceeded expectations in Russia in April while retail sales picked up and the unemployment rate fell, according to official monthly report released on Tuesday by Federal Statistics...
South Korean electronics giant Samsung has announced the opening of an artificial intelligence center in Moscow next week, along with similar facilities in the UK and Canada, RIA news agency reported.
The Moscow center, due to be opened on May 29, will mark the first such expanding of the company’s work...
Sanctions worth almost $1 billion could be the result of Russia and Japan’s retaliation against U.S. tariffs on steel and aluminum, Reuters reported on Tuesday citing documents published by the World Trade Organization.
The filings from Russia and Japan, following similar documents last week by the European Union and China, notified...
Sberbank, Russia’s largest lender, will sell its entire 99.85 percent stake in Turkey's fifth-largest private bank Denizbank to Dubai’s Emirates NBD, a joint statement from the companies said.
"In accordance with the signed agreement, the consideration for 99.85 percent equals 14.6 billion Turkish liras ($3.1 billion) under a locked box...
