Saturday, April 4, 2020
The Russian rouble lost value on Tuesday after reaching three-week highs the day before as oil prices fell further, dragging the Russian currency down, Reuters reports. At 0752 GMT, the rouble was down 0.1 percent against the dollar at 65.60 and had lost 0.12 percent to trade at 75.18 versus the...
Uzbek-born Russian oligarch Alisher Usmanov is considering a sale of his 30% stake in English football club Arsenal, Reuters reported on Tuesday, citing the Financial Times. In May last year, Usmanov, who is the club's second-largest shareholder, made a $1.3 billion offer to buy out his rival, majority shareholder Stan...
“Putin’s chef” charged with organizing “troll factory” to interfere in U.S. elections A company called the Internet Research Agency (IRA) was charged by Special counsel Robert Mueller's office with violating U.S. law and interfering in the 2016 election, along with 13 Russian nationals. As Deputy Attorney General Rod Rosenstein said while...
This year’s Black Friday campaign has proven successful for retailers, Izvestya reports. According to early indications, total sales reached 17.4 billion rubles ($259.7 million), which is 2.5-times more than in 2017, according to ArtyomSokolov, president of the Association of Internet Trade Companies (AITC). Fiscal data operator OFD Platform said the...
The Russian government will evaluate a pending extension of the effective grace period for the import of western-built passenger jet aircraft – and deliver its deliberations by April 2019, Rusaviainsider.com reports. President Vladimir Putin has also proposed the possibility of a trade-in, part exchange scheme for purchases of Russian-built aircraft, the...
The richest Russian on the Forbes billionaire list, Novatek chairman Leonid Mikhelson, became even richer on Tuesday after selling a 10% stake in its Arctic LNG 2 project to France’s Total, state-run news agency TASS reported. The $24 billion majority shareholder of Russia’s largest, privately owned natural gas company, inked a $2.5...
The board of directors of Magnit, one of the leading Russian retailers, approved the appointment of Jan Dunning, former head of direct competitor Lenta, as president of the company, and also approved his election to the company’s board, Magnit announced, according to RIA news agency. “Magnit announces the approval by...
Russia’s largest classified advertising platform Avito could soon be completely sold to South Africa’s Naspers, with the media and internet group interested in buying the remaining 32 percent it does not already own, two sources told Reuters. The deal could be announced as soon as Monday but details of the...
Troubled German banking giant Deutsche Bank is damaged by fines, legal action and the possible prosecution of “senior management” because of its role in a $20 billion Russian money-laundering scheme, The Guardian reports citing a confidential internal report by the lender. According to the document, the bank acknowledges “a...
The Russian rouble hit a 7-1/2 month high on Monday, helped by a weaker U.S. dollar, local month-end tax payments and higher oil prices. At 0751 GMT, the rouble was 0.54 percent stronger against the dollar at 56.33, a level that hadn’t been seen since early June of 2017, and...