Thursday, January 23, 2020
Shares of Russian metals company Nornickel (Norilsk Nickel) jumped 2.25 percent on Monday during trading on the Moscow Exchange, hitting an all-time high, BCS Express reports.  The value of the stock rose to 22,100 rubles ($359) per share on the back of the rallying palladium prices. The metal, which was...
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...
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 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...
The Russian stock market seemed boosted on Friday by the appointment of a new prime minister, recording new highs, while the ruble held on to earlier gains, Reuters reported.  After accelerating growth on the news of the appointment of Mikhail Mishustin as Russia's new Prime Minister earlier in the week,...
Russian gold and foreign currency reserves have hit $557.5 billion in the first 10 days of the new year, according to the latest figures released by the country's central bank, Rosbalt.ru reported. Since the end of 2019, Moscow has added $7.7 billion to its forex holdings, increasing them by 1.4...
Isabel dos Santos – the daughter of Angola’s former president Jose Eduardo dos Santos and once ranked by Forbes magazine as Africa’s richest woman – is a citizen of Russia, Radio Liberty reported last week. The businesswoman’s ties to Russia have been the subject of journalistic investigations for nearly a decade. But according to Polygraph.info...
The inner circles of a wealthy Croatian businessman with ties to Russian President Vladimir Putin received millions of dollars from Russia under the guise of fictitious real estate purchases, a new journalist investigation by the OCCRP has revealed. According to the report, the funds were deposited in the personal bank accounts...