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...
Russian cities with population over a million will need at least 100 years to catch up to Moscow’s level of economic development, a new study by consultancy Strelka reveals, according to RBC.
There are 16 such large cities in the country, contributing almost a third in Russia’s GDP in 2017,...
Russian presidential ombudsman for the business sector Boris Titov has presented his annual report to the President Vladimir Putin, delivering sharp criticism of the investment and entrepreneurship climate in the country, Vedomosti reported on Tuesday.
This year Russia’s investment community is in furore as the liberal fraction of the Kremlin,...
With over 91 million website visitors in 2018, Russian online bookmaker Fonbet is the country’s most popular online sports betting website, European Gaming reported.
Fonbet narrowly edged out rival 1xBet, which had a little over 90 million visitors last year, data compiled by Betting Business Russia shows. Fonbet’s Russian-licensed Fonbet.ru...
The U.S. Treasury Department has once again delayed imposing sanctions on Russia’s largest aluminum producer, Rusal, as it seeks to strike a deal that would allow the company to escape the penalties, Bloomberg reports.
The department said in a notice Friday that licenses allowing Rusal to continue doing business would...
The first section of the Moscow-Kazan High-Speed Railway (up to Nizhny Novgorod) has been approved for construction by the Russian government, Kommersant reports.
According to the business newspaper, the project’s expediency was discussed at a meeting with Deputy Prime Minister Maxim Akimov. With the decision, around $3.10 billion will be drawn...
Russian oligarch Roman Abramovich and three of his partners said on Monday they are selling a combined stake equal to 1.8 per cent in steel maker Evraz through companies they have holdings in, Kuzpress reported.
According to analysts, it is likely the investors are looking to cash in on Evraz's recent success as...
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...
