Thursday, December 12, 2019
Profits at the luxury Morrison hotel in Ireland’s capital Dublin, owned by Russia’s richest woman Elena Baturina sharply increased last year, recently filed accounts reveal, according to the Irish Times. The hotel increased its annual profits by almost 49 per cent to above $3 million, according to its operating company,...
The business interests of mobile operators in the two countries have become an obstacle to canceling the roaming charges between Belarus and Russia, State Secretary of the Belarus-Russia Union State Grigory Rapota has said, according to BelTa. He was speaking at the conference to mark the 20th anniversary of the...
The Russian Direct Investment Fund (RDIF) and the Ministry of Economic Development are considering the creation of two closed-end investment funds in order to attract Russian businesses and individual market players, two federal officials have told Vedomosti. The plan is to establish a mechanism to attract funds not so much into...
Popular web platform Reddit has banned dozens of accounts after it revealed that documents containing confidential details of discussions between the U.S. and UK about a post-Brexit trade deal were likely leaked onto the platform by Russia, the Associated Press reports. The leaked documents, currently the subject of heated debate...
Ukraine will keep in force the tariffs it imposed on Russian goods for another year, the country’s government has decided, according to MP Aleksey Goncharenko, Lenta.ru reports. The levies on Russian imports will stay in place until the end of 2020, the lawmaker said, adding the move comes “in response...
Large Russian businesses taking loans from the country’s biggest bank, Sberbank, will be offered a new loan scheme next year, under which the lender could gain decision-making powers in the companies, RBC reports. Sberbank announced Tuesday it will introduce a new “golden share” corporate financing scheme, through which the bank will...
Employees of several American, Russian, and Italian companies were charged by U.S. prosecutors on Tuesday for providing a U.S.-manufactured power turbine to a Russian state-controlled business in an apparent attempt to evade sanctions, Reuters reported. The U.S. Justice Department said on Tuesday that an unnamed Russian company was barred from acquiring...
Russia and Pakistan reached a deal on the settlement of mutual financial claims and commitments on operations from the time of the former Soviet Union, with Pakistan agreeing to repay the debt of $93.5 million to Russia, RBC reports. The document was inked by Russia’s Deputy Finance Minister Sergei Storchak and...
Russian President Vladimir Putin plans to hold a traditional meeting with leaders of big Russian business, Kremlin Spokesman Dmitry Peskov told TASS on Saturday. "Yes, he is planning that," the Kremlin spokesman said when asked if the Russian leader had plans to hold such a meeting in late December. Putin...
More than 50% of Russia’s corporate community believes doing business in the country is more complicated today than it was during the 1990s, a new survey by PwC Russia reveals, according to Forbes. The survey on changes in Russian business in the past three decades found 52% of the executives...