Sales of Russian-made software are on the rise due to the weaker ruble and the risk that contracts with foreign suppliers could be affected by Western sanctions, the head of Russian IT services company IBS told Reuters.
Demand for software is also rising as Russian companies, encouraged by a sign...
China plans to launch trading crude oil futures in yuan, establishing a 'petro-yuan' that will undermine the petro-dollar, putting Russia “between two fires”, Nezavisimaya Gazeta reports.
According to analysts, the move would allow Beijing to take pricing under its control. Against the backdrop of record oil imports, which reached almost 9.6...
Dozens of Russian athletes have lost the last bid to join the Winter Olympics in Pyeongchang after the Court of Arbitration for Sport (CAS) rejected their appeal, The Washington Post reports.
The appellants had asked CAS to overturn a decision by the International Olympic Committee (IOC) not to invite them over...
Russia has increased its investment in Mexico by 400% during president’s Enrique Pena Nieto’s government, American-Spanish language media outlet Univision reports, noting Moscow’s trend of warming up to the country “at a time when the U.S. is planning to raise walls”.
Despite Russia’s investment in Mexico now reaching only $14.4 million,...
Russia’s Federal Customs Service announced that it transferred 4.575 trillion rubles ($80 billion) to the Russian federal budget, more than it was previously planned, TASS agency reported.
"The final figure for 2017 - 4.575 trillion rubles ($80bn)," the head of the Customs Service Vladimir Bulavin said, noting that for 2018,...
In line with UN Security Council resolution adopted last December, Russia has started to deport North Korean workers, Moscow’s ambassador to North Korea Alexander Matsegora told Russian journalists in New York.
"Many governors have started to deport Koreans in order to report early implementation ," he said, adding that the...
Sheremetyevo’s shareholders are considering selling up to 10 percent of the airport during 2018, one of the company’s owners and chairman of the board at Sheremetyevo, Alexander Ponomarenko, said in an interview with Vedomosti.
TPS Avia controls 66% of the Moscow Airport.
According to Ponomarenko, the company has a good development...
Russian steel manufacturers are anticipating a rising domestic demand in 2018 thanks in large part to Russia’s economic recovery, chief executive officer of major Russian steelmaker Severstal Alexander Shevelev said.
The assessment comes despite expectations that current buoyant global steel prices would edge lower mid-year, Metal Bulletin reported.
“In 2017 Russian...
Russia is expected to produce 120-130 million tons of grain in 2018, of which 45-50 million tons will be available for exports in the 2018/19 season due to begin in July, the IKAR agriculture consultancy said on Friday.
The preliminary estimate is that Russia’s wheat crop may come at 73-82...
