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...
Precious metals mining company Polymetal International said it had completed a feasibility study for the Nezhda project in Russia and approved the start of the gold mine’s construction, Morningstar reported.
Pre-production capital expenditures were estimated at $234 million, including capitalized pre-stripping costs.
The project's internal rate of return was...
The decision by U.S. President Joe Biden not to obstruct the building of the Nord Stream 2 gas pipeline has spurred new attempts in the U.S. Congress to stop it.
To oppose the action by the secretary of state, a group of Republican Senators is attempting to reject the president's...
Imperial Duty Free JSC (IDF), the Russian joint venture between Sheremetyevo Airport (SVO) and Gebr. Heinemann, has achieved an 80-percent increase in its shopping area thanks to the acquisition and integration of new retail space. In total, the retail operation now serves more than 40 million customers across approximately...
Venezuela’s controversial state-backed cryptocurrency, the petro, is a “half-hidden joint venture” between Venezuelan and Russian officials and businessmen, according to a new report by Time.
The petro, which first went on presale on February 20, is the world’s first state-backed cryptocurrency. Its value is tied to the country’s oil reserves....
The Russian economy is well prepared for new U.S. sanctions, and this will limit the influence of a new U.S. bill calling for the most drastic measures so far, such as a potential ban on dollar transactions involving state banks, analysts say.
According to Platts, the new sanctions may accelerate...
Indian Railways has launched 470 face recognition video cameras, in a system developed by the Russian company NtechLab, and installed at 30 railway stations between the western Indian states of Gujarat and Maharashtra, including the city of Mumbai.
By the end of the year, NtechLab will carry out at least...
On Friday, a descendant of Russia's last emperor, Nicholas II, married in a grandiose ceremony, marking the country's first royal wedding in the century since the Bolshevik revolution deposed the monarchy.
Grand Duke George Mikhailovich Romanov married his Italian fiancée Rebecca Virginia Bettarini in front of hundreds of royal guests...
Russia’s veterinary authorities have banned imports of animal products from China to Russia on Thursday, after barring Chinese nationals from entering the country a day earlier, TASS reported.
According to the watchdog, Rosselkhoznadzor, it is no longer possible for travelers to import meat products from China in their hand luggage....
The world’s biggest buyer of gold, the Bank of Russia, is losing interest in the precious metal, analysts told Bloomberg.
After spending an estimated $40 billion on the precious metal in the past five years, the central bank is starting to rein in spending - it bought 149 tons of gold in...
