Wednesday, 23.01.2019
The president and chairman of Russia's state-owned VTB Bank Andrei Kostin told CNBC Tuesday U.S. sanctions on Russian businesses and individuals are widely disliked. "Nobody likes American sanctions, and Europeans (don't like them) as well," VTB Bank's Andrey Kostin told CNBC at the World Economic Forum in Davos. VTB bank...
Controversial Russian billionaire Oleg Deripaska, who was sanctioned by the United States last year, said that he had gone fishing on Lake Baikal in Russia's Siberia instead of going to the World Economic Forum (WEF) in Davos, Switzerland. "Went to Lake Baikal instead of Davos. To fish," Deripaska wrote on...
U.S. investment bank JP Morgan’s trust dedicated to Russian companies, JPMorgan Russian Securities PLC, said on Monday its annual net assets rose and the company outperformed its benchmark, Morningstar reports citing Alliance News. At October 31, JPMorgan Russian Securities net asset value (NAV) per share stood at $8 per...
Public trust in the policies of Russian President Vladimir Putin fell to a 13-year low in the first poll of 2019 by the state owned pollster, the state-owned All-Russian Center for the Study of Public Opinion (VTsIOM), according to The Times. The survey showed trust in Putin slipped from 36.5%...
The first section of the Moscow-Kazan High-Speed Railway (up to Nizhny Novgorod) has been approved for construction by the Russian government, Kommersant reports. According to the business newspaper, the project’s expediency was discussed at a meeting with Deputy Prime Minister Maxim Akimov. With the decision, around $3.10 billion will be drawn...
A new Instagram project is helping Russian elderly women showcase their knitting skills and earn money by promoting “granny chic”, AFP writes. Elderly women across Russia are often seen selling their hand-knitted mittens, socks and other items on pavement corners for a few rubles to supplement meagre pensions. Grandmother and participant...
U.S. President Donald Trump’s former personal attorney Rudy Giuliani said on Sunday Trump pursued a business deal to erect a tower bearing his name in Moscow throughout 2016, Politico reports. The statement raises new questions for congressional investigators looking into possible ties between the president and Russia. Trump had repeatedly insisted...
Singaporean construction company MMP Resources has engaged a banking institution in Singapore as the firm's financing and capital markets advisor to raise some US$30 million, said in a regulatory filing on Monday, The Straits Times reports. The banking institution was not named. As at Jan 21, the firm has...
The Bank of Russia increased monetary gold reserves by record-breaking 8.8 mln Troy oz. or by 273.7 tons, to 67.9 million oz. or 2,100 tons, the regulator said on Friday, according to Finanz.ru. The value of gold in reserves of the Central Bank reached $86.9 billion as of the...
In 2018 Russian movie-goers set a new record with 56 million visits to a cinema to generate a box office take of 13.5 Bln rubles ($200 million), which means Russia’s cinema business is growing three times faster than the real economy, Kommersant reported. Still, analysts are cautious to hail the...