Saturday, March 28, 2020
Russian flag carrier Aeroflot has transported about 53,000 people home to Russia from March 14 to March 26, the company’s spokesperson Yulia Spivakova told the Rossiya 24 TV channel on Friday. She noted that Aeroflot had evacuated about 500 Russian citizens from abroad over the past 24 hours. "Our company earlier...
Russian state-run banks VTB and Sberbank will offer companies interest-free salary loans to ensure they can keep paying workers during the coronavirus crisis, RBC reported on Thursday citing deputy Prime Minister Andrei Belousov.  Speaking at a meeting between President Vladimir Putin and business owners, Belousov said the two banks will...
The growing market for online trade and sales of essential goods stemming from excessive demand has compelled some market participants to look for warehouse space, Kommersant writes. Against this backdrop, their absorption rate in the Moscow Region grew by 60% in the first quarter of this year, according to the...
Russian oil company Gazprom Neft said on Thursday that it has signed a memorandum of understanding with U.S. oilfield services company Halliburton to develop a program of technological cooperation on well construction projects and the optimization of production at the Achimov oil formation in western Siberia, Reuters reported.  "The companies...
The Russian economy may decline by 1.3% in 2020, the Institute of International Finance (IIF) in Washington, D.C. has said in a report, according to Izvestia.  The predicted economic downturn in Russia will not be as substantial as in the United States, the EU, and most developing countries, where the...
The biggest digital services provider in Russia, Rostelecom, has finalized the acquisition of a 55% stake in Tele2 Russia that it did not already hold, meaning that it now holds 100% of shares in the unit, Cnews.ru reported. The deal was signed in February and finalized this month. Rostelecom acquired...
Russian president Vladimir Putin has proposed the introduction of an up to 15% tax on the transfer of dividends to overseas accounts, OTR reported. "All payments of gains in the form of interest and dividends, flowing from Russia abroad to offshore jurisdictions, shall be taxed appropriately. Two thirds of such...
The deputy speaker of Russia’s Federation Council (upper chamber of parliament), Nikolai Zhuravlev, said on Wednesday the Russian government is preparing a second package of measures to support the national economy amid the coronavirus outbreak, state-run news agency TASS reported "Today, the government is preparing the second package of measures...
The Russian-German Chamber of Commerce has had a significant role in the development of bilateral relations, Russian President Vladimir Putin said on Tuesday while congratulating the leadership and members of the industry group on the 25th anniversary of its founding, Regnum reported. "The chamber is one of the most representative...
Russia’s Business Rights Commissioner Boris Titov has proposed a bill which would allow jurors to examine economic crimes cases, Gazeta.ru reports. Amendments to the Criminal Procedure Code propose for people charged with medium, grave and especially serious crimes to gain the right to petition for a jury trial. These accused...