Friday, 17.08.2018
Russia's Economic Development Ministry does not support Russian presidential aide Andrey Belousov's proposal to increase taxes on the mining and chemical sectors, a ministry source said on Thursday, according to Kommersant. "The Economic Development Ministry does not support Belousov's initiative," a source told TASS news agency. In a letter to President...
Second-quarter sales by Danish company Carlsberg beat forecasts on growing demand for its expensive beers in China and sales in Russia were boosted during the World Cup, leading the brewer to raise its full-year profit outlook, Reuters reports. A successful strategy to focus more on premium beers, especially in...
Following a sharp decline in the worth of the ruble, caused by the latest U.S. sanctions against Russia, the country’s central bank could increasingly consider a key rate hike, first since 2014, Business Times reports. The ruble had its worst week since the 2015 oil crash, threatening to unleash price...
Despite U.S. and EU sanctions weighing on the Russian economy, the country’s business aviation industry showed a slight but steady growth in 2017. The number of business flights increased by 2,5% compared to 2016, and the number of passengers reached 120,000, Realnoe Vremya reports. The trends of the business aviation...
President Vladimir Putin’s current economic model is a dead end for Russia, and it will take years for Russians to realize that, political expert Dmitriy Oreshkin said in an extensive interview with Realnoe Vremya. “It will take some five-six years for the Russians in both Moscow and the regions to...
The United States Treasury Department said on Wednesday that companies in China, Russia, and Singapore were sanctioned by Washington for violating the trade embargo with North Korea, RFE/RL reports. The U.S. has been increasing efforts to keep the pressure on Pyongyang to end its nuclear weapons development. The Treasury accused Russia’s Profinet...
The growing overall trade turnover between Russia and China will reach $100 billion in 2018, earlier that it was expected, Russian President Vladimir Putin said on Wednesday, according to state news agency TASS. The turnover between Russia and China soared 50% in the first half of 2018, the Russian President...
Russia's ruble continued to fall against the dollar on Wednesday, with the latest slump, reaching more than one percentage point on the day, being attributed to threats of more U.S. sanctions and the tanking Turkish lira, Reuters reports. According to the report, around noon GMT, the ruble was 1.14 percent...
American and European financial and energy companies could face severe challenges if a proposed bill imposing the harshest sanctions on Russia yet, is passed, experts say. The bill, proposed by a bipartisan Senate coalition, aims to boost economic pressure on Russia and envisions sanctioning Russian banks and the country’s sovereign...
The implementation of an ongoing national digital economy program in Russia may need slightly above 1 trillion rubles ($15 billion) until 2024, the country’s Deputy Prime Minister Maxim Akimov told TASS news agency on Tuesday. "I think the case in point can be the amount over 1 trillion rubles ($15...