Thursday, December 12, 2019
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...
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...
A Russian venture capital firm aiming to bring more U.S. startups to Russia has raised a $200 million fund, hoping to use the fresh pool of money to help Silicon Valley companies deliver their services to Russia’s biggest corporations and its millions of internet-connected consumers, Venture Beat reported. The fund...
Spending by international visitors to Russia is expected to grow by 7% this year, according to research by the World Travel & Tourism Council (WTTC). According to the findings, the country’s travel and tourism sector grew by 3.2% in 2017 –supporting 3.3 million jobs (4.5% of total Russian employment), compared...
A new expert monthly report on the economic situation in Russia says low business investment activity is to blame for the sluggish growth of the Russian economy, TASS news agency reported. "The recent decisions of international rating agencies that are favorable for Russia are based primarily on the macroeconomic indicators it demonstrates....
The Russian Fishery Agency has announced that this will be the second consecutive year Russian catch totals reach an all-time high - in 2018, Russian fishing companies are expected to have landed more than five million metric tons (MT) of fish, up from 4.9 million MT in 2017. But despite...
Russian President Vladimir Putin met Wednesday with the winners of the first "Considerable Business" award, some of the country’s brightest entrepreneurs, whose projects have been selected as best from tens of thousands of applicants, Bankir.ru reports.   The best ones were chosen in six nominations: "Early success", "Fast growth", "Innovative...
Danish banking holding Danske Bank said that it will shut down its banking operations in the Baltics and in Russia after Estonia ordered it to close the branch at the center of one of the largest-ever money laundering scandals, Reuters reported. The Estonian Financial Supervision Authority (FSA) has ordered Danske...
The Crimean Bridge, a controversial project connecting the Kerch Peninsula of annexed Crimea and Russia’s Krasnodar region will be opened on May 15 or a day later, as the exact date depends on the schedule of Russian President Vladimir Putin, who will attend the opening ceremony, Gazeta.ru reported. The 12-mile...