Wednesday, January 22, 2020
Member countries of BRICS, an informal organization of the world’s biggest emerging economies (Brazil, Russia, India, China, and South Africa) need to boost cooperation, while the group’s expansion is a matter for the future, Russian Deputy Foreign Minister Sergei Ryabkov has said, according to RIA Novosti. "As for expansion plans,...
Russia's powerful Prosecutor General Yury Chaika has left his post after being replaced by President Vladimir Putin, BBC News in Russian reported Monday, citing the Kremlin.  According to officials, Chaika, 68, will leave the post he has occupied since 2006 for another unnamed job. Putin proposed that the Federation Council (upper...
The Moscow District Investigative Directorate has closed a criminal case against the owner of now-bankrupt construction company Rodex Group Yevgeny Rodionov, the press-service of Russia’s Business Rights Commissioner Boris Titov said on Monday, according to Pasmi.ru. The businessman stood charged with “especially serious embezzlement” when dealing with a suburban settlement...
The family of new Russian Prime Minister Mikhail Mishustin owns 2.6 hectares (about 6.4 acres) of land in the “Cotton Way” community outside Moscow, in the prestigious Rublyovka neighborhood, official cadaster records uncovered by Open Media reveal, according to OG.ru. According to the report, the Mishustins own five homes with...
Russia has in recent years came close to joining a digital power club of nations including the U.S., Japan, and Singapore, as its citizens are becoming more tech-savvy and exposed to massive state and privately-operated digital ecosystems, Ivan Streshinsky, member of the board at USM Holdings, writes in an...
Billionaire and Severstal owner Alexey Mordashov is betting on groceries and tourism to help expand his empire away from commodities, after making his wealth in steel, Bloomberg writes. Almost half of Mordashov’s $20 billion fortune already comes from outside the steel industry. The country's fifth-richest man said he wants to keep...
Thousands of politicians and business leaders will address the biggest economic and political issues as they attend this year’s World Economic Forum (WEF) in Davos, Switzerland, The Financial Times reports. This week’s gathering is taking place at a time of heightened trade disruptions, shifts in foreign policy and a climate emergency...
Russian holdings of the US debt started going up in August 2019 after a sell-off of US Treasury securities in the spring of 2018. Experts interviewed by TASS expect Russia to keep buying US government securities despite the announced de-dollarization policy. According to the data provided by the US Department...
Russian authorities will work to make higher the real incomes of the population, President Vladimir Putin said at a meeting with World War Two veterans in St. Petersburg on Saturday, TASS reported. "Our economy has almost doubled and our incomes have substantially increased. However, there are some difficulties, there are...
Russia’s former Prime Minister Dmitry Medvedev dubbed the government’s resignation as a routine event and called to take it calmly, Medvedev said in a televised interview on Channel One on Saturday, TASS reported. "In general, the resignation of a government should be always taken absolutely calmly. There is nothing extraordinary...