Thursday, November 26, 2020
Russian online retailer Ozon raised nearly $1 billion in its debut New York share listing on Tuesday, pricing the deal above initial guidance as investors scrambled to capitalize on an e-commerce boom in the world’s largest country, Reuters reported. Sales at Ozon, which has more than 11 million active buyers...
Russian e-commerce giant Ozon is eyeing a $5 billion valuation in one of the most hotly anticipated Russian stock market debuts in years, papers filed by the company in New York on Tuesday laid out, The Moscow Times reported. The company said it would price shares in its upcoming initial...
Russia will take tough response measures in case other parties to the Treaty on Open Skies share data with the United States after its withdrawal from the treaty and restrict Russia’s flights over U.S. facilities in Europe, Konstantin Gavrilov, Russia’s chief negotiator at the Vienna talks on military security...
President Vladimir Putin signed a law raising the personal income tax rate from 13% to 15% for incomes exceeding 5 million rubles ($65,866) per year. The document was published on the official portal of legal information on Monday, TASS reported. The law was drafted by the order of the President...
The coronavirus pandemic has triggered a systemic economic crisis, unprecedented since the Great Depression, Russian President Vladimir Putin said, addressing the G20 summit on Saturday, TASS reported. "The scale of problems that mankind faced in 2020 is indeed unprecedented. The coronavirus pandemic, a global lockdown and suspended economic activities triggered...
The Chinese authorities’ decision to impose a lockdown in Manzhouli, a city in the Inner Mongolian Autonomous Region, northeast China, has not affected the work of the Russian-Chinese border crossing Zabaykalsk-Manchuria, Russia’s Consul-General in Harbin Vladimir Oschepkov told TASS on Sunday. "We are carefully watching the developing epidemiological situation in...
The Russian State Duma (lower house of parliament) has approved the third reading of the bill stipulating primacy of the Russian Constitution over international agreements and decisions of intergovernmental bodies, TASS reported. Changes have been made to over 110 Russian laws. The new norm stipulates that the Russian law prevails if...
Russian online retailer Ozon Holdings is looking to raise up to $825 million from a U.S. initial public offering (IPO), it said in a regulatory filing on Tuesday, Reuters reported. The company, which filed its registration statement for the IPO earlier this month, said it expects to price the offering...
The second wave of the coronavirus has not pushed business activity substantially down across the Russian economy, Deputy Finance Minister Vladimir Kolychev told a conference on Wednesday, TASS writes. "Judging by daily figures, we do not see the second wave leading to any substantial decline in business activity across the...
BRICS member states have taken emergency steps in order to support national industries, finance and welfare in response to the global coronavirus pandemic, Russian President Vladimir Putin said on Tuesday, RT informed. Putin opened the 12th annual BRICS Summit which is chaired and held as a video conference by Russia...