Saturday, October 19, 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...
Italian manufacturer of clothes and perfumes Gucci announced plans to open its Russia’s first monobrand outlet located in the Moscow region, Kommersant reported on Wednesday. According to the report, the new store will be located in a building that is currently under construction at Novorizhskoe highway, at the Novaya Riga Outlet...
The Bank of Russia sees debts held by certain companies as a possible internal risk and it is working on measures to control such debts, the central bank’s First Deputy Governor Ksenia Yudaeva said on Tuesday, according to Reuters. “Internal risks are always associated with the accumulation of excess debt...
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 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...
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...