Monday, 25.03.2019
A surging number of Russian tourists visiting China are visiting Chinese dental clinics in the border city of Hunchun, where tourists have been going for less expensive dental services, leading to a boom in the local dental business, Global times reports. "Dental clinics in Hunchun have an excellent reputation in...
Russia’s diamond producer Alrosa sold rough and polished diamonds in the amount of $14.6 million at auctions in Hong Kong, the company said in a statement on Wednesday, Yasia reported. The company auctioned special size (above 10.8 carats) rough diamonds. Alrosa sold 101 diamonds with the total weight of 1,829...
Russian President Vladimir Putin believes that Russians who have found their names on the Western sanction lists should know they do a good job, Newsweek reports. "This is a sure sign of your successful work in Russia," he said at a meeting with the winners of the Leaders of Russia...
Ukraine has broadened sanctions against Russian companies and citizens to include aluminum and power producer En+ Group and several other Russian firms, as written in a new decree signed by Ukrainian President Petro Poroshenko on Wednesday, Reuters reported. The measures are a continuation of Kiev’s response to Russia’s annexation of...
In a rare gathering of some of the world’s most influential energy players at the Kremlin, the heads of the world’s top oil traders Glencore and Vitol, Ivan Glasenberg and Ian Taylor, as well as the CEO of British energy giant BP, Robert Dudley, and other top managers met...
Russia’s business ombudsman Boris Titov has once again said that the founder of Baring Vostok investment company, U.S. citizen Michael Calvey, who stands charged with 2.5-billion-ruble (about $39 million) embezzlement, must be freed from detention, Russian legal information agency RAPSI reported. Titov told journalists the restrictive measure on Calvey...
Russia’s biggest bank, Sberbank, will sell its stake in troubled Croatian company Agrokor after it restructures it, thereby increasing its value, Poslovni Dnevnik reported, citing the adviser to the CEO of Sberbank for Agrokor and future member and chairman of the Managing Board of Fortenova (Agrokor’s new name), Maxim...
The Russian State Duma (lower house of parliament) has backed the international use of a Russian alternative system for the global financial messaging network SWIFT, Reuters reported. The system was designed by Moscow to eliminate the risk of Western sanctions against its banks. The lower house of parliament, or Duma, gave...
Russia's industrial output growth surged to 4.1% year-on-year in February, after 1.1% posted in January, Finansovaya Gazeta reports citing the most recent data by state statistics agency Rosstat. In calendar and seasonally adjusted terms, industrial output grew by 1.2% month-on-month in February and 2.6% y/y in January-February overall. Sberbank CIB sees the February...
A sharp reduction in non-performing loans has lead Credit Bank of Moscow, one of Russia's top-three private lenders, to post a bumper profit for 2018, up 31.5%, Rossiyskaya Gazeta reported. For the year ending on 31 December, the bank’s profit after tax reached 27.2 billion rubles ($422.5 million). The assets...