Thursday, November 26, 2020
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...
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...
New restrictive measures imposed by different countries in response to a second wave of the coronavirus pandemic are having less effect on oil demand than previously, Russian Deputy Prime Minister Alexander Novak said at a meeting of the OPEC+ monitoring committee on Tuesday, adding that the understanding of how...
The largest Russian online retailer Wildberries studied the purchases of Russians between November 6 to 12 and noted a more than two-fold increase in demand for goods for home holidays compared to October of this year, the company said in a research report made available to TASS on Saturday. "Between...
Russia’s fragmented e-commerce market is forecast to grow by more than 40% to 2.5 trillion roubles ($32.4 billion) this year, according to Euromonitor research group, and by 10-15% a year over the next five years, Reuters reported. Revenues at Ozon, a Russian version of U.S. e-commerce giant Amazon.com Inc, surged...
The new US authorities may try to employ the practice of sanctions against Russia, Sberbank CEO Herman Gref said in an interview, as reported by TASS. "It’s hard to say at the moment what the United States’ policy will be. It is very likely to go back to where it...
The Russian Export Center considers the goal of increasing the trade turnover between Russia and China to $200 billion by 2024 feasible, the Russian Export Center CEO Veronika Nikishina said on Friday, TASS writes. "The task set by the leaders of our countries - to reach the level of $200...
The Russian authorities are managing to minimize the volatility of the ruble exchange rate and to maintain macroeconomic stability, Kremlin spokesman Dmitry Peskov told reporters on Monday, TASS informed. "The ruble is breaching psychological thresholds, but volatility is minimized by the efforts of our regulator," a Kremlin spokesman said, commenting...