The share of Russian-made pharmaceutical drugs for cancer treatment almost reached 50% in its segment of the market in 2017, rising from 13.2% to 46.9% over the past five years, Izvestya reported citing a report by the Ministry of Industry and Trade obtained by the newspaper.
Meanwhile, the share of Russian...
Steel volumes increased on Europe’s steel market after the United States imposed import tariffs, as some manufacturers diverted their product to the European Union, the head of Germany’s steel association said, according to Reuters.
“In the first three months (of 2018), imports from Russia rose by 139 percent from a...
As Vladimir Putin prepares to be inaugurated for his fourth term as president Monday, Russian companies are expecting wide-ranging reforms, and are full of suggestions for a new government with promises to revitalize the country's economy, AFP reports.
Тhe new government will be tasked to fulfill the ambitious goals that...
China’s CEFC has abandoned plans to buy $9 billion stakes in Russian oil giant Rosneft, with the Qatari sovereign wealth fund and Swiss mining company Glencore choosing to cancel the deal.
The Qatari Investment Authority will now own 18.93% of Rosneft, becoming the third-largest shareholder after the Russian state and...
Russia’s total public debt as of the beginning of the year stands at 33 percent of the country's GDP, which represents a 7 percent year-on-year decrease, the Russian Central Bank said in its annual report for 2017, released on Friday, noting this was considered a moderate debt burden.
"As of January...
The Supervisory Board of Alrosa company has approved the acquisition of Kristall Smolensk Diamonds, the largest Russian producer of polished diamonds, the company said. Kristall is now fully owned by the Russian state.
According to Interfax agency, the company will assess the value of Kirstall’s shares and send it to...
Russia’s energy giant, Gazprom, is certain that gas supplies countries outside of the CIS (Commonwealth of Independent States) in 2018 will increase compared to last year, Alexander Medvedev, Deputy Chairman of Gazprom’s Management Committee, told Vedomosti.
"It’s difficult to say for sure right now how much we will supply this...
The Bank of Russia will switch its system to transmit financial messages (SPFS), a Russian analogue to SWIFT, over to blockchain next year, a source close to the bank informed Izvestya.
Two bankers familiar with the situation have confirmed this information. It is unclear so far whether the regulator will...
Inflation is rousing back to life and pressing on the Russian economy even before it comes to terms with the ruble’s worst month since 2015, Bloomberg reports.
Little now stands in the way of an upswing in consumer prices from near their lowest level in Russia’s modern history, after signs appeared...
Earlier this year, American energy giant ExxonMobil was forced to withdraw from some joint projects with Russian oil giant Rosneft due to U.S. sanctions on Russia. But despite the setback, the U.S. supermajor is proceeding with a $15-billion liquefied natural gas (LNG) project that is unaffected by the sanctions,...
