Friday, September 25, 2020
Russian billionaire Roman Abramovich used offshore companies to secretly invest in football players who were rivals to his Chelsea football club, The Moscow Times reported citing a BBC Panorama investigation published Monday. The information was obtained during the FinCEN Files investigation, which is led by 108 media outlets worldwide and...
Russian lawmakers on Tuesday supported a plan by the finance ministry to increase taxes for some mining companies and the oil industry, as Moscow seeks to plug the holes in its budget left by lower oil prices and the COVID-19 pandemic, Reuters reported. Russia announced the plan, which is expected...
Russia’s transport police said on Monday their officers had questioned around 200 people as part of a pre-investigation probe into the case of leading Russian opposition figure Alexei Navalny, and that the probe was still under way, Reuters reported. Russia has not opened a formal investigation into the case despite...
Three senior executives of Sheremetyevo International Airport have been named to Kommersant’s 21st annual list of the Top-1000 Russian Managers. The list was developed by Kommersant Publishing House, which engaged the Association of Managers to make the selections. Alexander Ponomarenko, Chairman of the Board of Directors of JSC SIA,...
Russia’s Central Bank (Bank of Russia) kept the key rate at 4.25% per annum after four rounds of its reduction, according to a press release published following its board meeting on Friday, TASS reported. "On 18 September 2020, the Bank of Russia Board of Directors decided to keep the key rate...
Russian financial markets remain under pressure as talk of sanctions in response to the poisoning of leading Kremlin critic Alexei Navanly ramps up and fears of a second coronavirus wave knock oil prices. The Russian ruble is still trading at around its lowest level against the dollar since the height...
The share of working citizens of the Russian Federation who will be charged an increased personal income tax rate of 15% will not exceed 1%, Finance Minister Anton Siluanov said in an interview with the Vesti news program on the Russia 1 TV channel. "The draft laws are ready. We...
Two Russian Tu-22M3 strategic bombers conducted a scheduled flight over the neutral waters of the Black Sea, Russian Defense Ministry announced Wednesday, TASS reported. "Two Russian Tu-22M3 long-range aviation strategic bombers conducted a scheduled flight in the air space over the neutral waters of the Black Sea," the Ministry said,...
The massive drop in international travel during the first half of 2020 has led to a loss of 440 million international arrivals, according to the UN World Tourism Organization (UNWTO), Russia Today reports. The industry lost about $460 billion in export revenues from international tourism. “This is around five times...
President Vladimir Putin said at talks on Monday with embattled Belarusian leader Alexander Lukashenko that Russia had agreed to a $1.5 billion loan with Minsk but the Belarusian people should resolve the crisis without foreign interference, Reuters reported. Putin, in comments broadcast on television from the talks in Russia’s Sochi,...