Friday, August 23, 2019
Russia does not engage in "international shopping" and does not want to meddle in U.S.-Danish relations, the Kremlin said on Friday after U.S. President Donald Trump flaunted an idea to purchase Greenland from Denmark, the New York Times reports.  “We don’t engage in international shopping of that kind,” Kremlin spokesman...
The head of U.S. online home goods retailer Overstock resigned Thursday, days after he issued a press release entitled "Comments on Deep State" that claimed he helped the FBI carry out "political espionage," the Washington Post reports. Overstock's stock price declined sharply last week after the strange post from longtime...
One of Russia’s biggest internet companies, Mail.ru Group, has acquired a controlling stake in car sharing operator YouDrive jointly with investment company Proxima Capital, Mail.ru said in a statement on Thursday, according to Reuters.  Mail.ru did not disclose the size of the stake or the cost of its investment, but...
Soviet-era labor restrictions that barred women from working in more than 350 job positions will be lifted in 2021, Meduza wrote last week. Russia currently prohibits women from holding 456 jobs in dozens of industries that involve physically strenuous tasks or harmful working conditions. Previous media reports suggested that the Labor...
The market share of the Russian Federation in the structure of Ukrainian exports stands at 6.4% in 2019, an almost four-fold decrease since 2013, Ukrinform reported citing a government minister. "In 2013, 23.7% of exports accounted for the Russian Federation. We reoriented our exports, and now the EU’s share in the exports of goods...
Russia purchased another nine tons of gold in July, taking its reserves of the precious metal well above $100 billion, latest data released by the Bank of Russia shows, according to Interfax. The total amount of gold reserves rose 0.4% in the past month, reaching 71.3 million ounces or 2,218 tons as of August...
Russia’s second-largest food retailer, Magnit, is trying to gain an edge over competitors by developing a new store format for selling alcohol under the brand Magnit Vecherny (Evening Magnit), Kommersant writes. However, experts consulted by the business newspaper say it will be difficult for the company to compete, as it will be more profitable for the chain to...
Russian President Vladimir Putin said U.S. sanction threats are not enough to stop Russia’s Nord Stream 2 gas pipeline project because Europe needs Russian gas supplies, RIA Novosti reports. "The objective side of the matter is that Europe is interested in receiving Russian gas. I think that the project will be implemented,"...
The federal prosecutor of Germany has charged a Russian citizen for allegedly exported technology and chemicals to Russia that fall under an embargo, local newspaper Wochenblatt reported.  Vladimir D., whose full name and age were not given, exported goods worth 1.832 million euros ($2.03 million) to Russia between 2014 and...
Oil and petroleum sales by Russia to the United States in the first five months of this year reached six-year highs, RBC reported citing data by the U.S. Energy Information Administration (EIA). According to the data analyzed by the Russian news outlet, the U.S. imported 61.75 million barrels of crude...