Monday, 25.03.2019
Ukraine’s government has terminated the economic cooperation program with Russia after a respective decision was taken at a meeting of cabinet ministers on Wednesday, Prime Minister Vladimir Groysman said, according to Ukrinform. Moscow and Kiev approved the economic cooperation program until 2020, which envisions partnership in trade, transport, tourism, social...
Russia’s Federation Council (upper house of Parliament) is ready to back the proposal to impose criminal liability on companies operating in Russia that enforce any of the U.S. restrictions, the Council’s Vice-Speaker Yevgeny Bushmin told Izvestya. The Speaker of the State Duma (the lower house of Russia’s parliament) Vyacheslav Volodin...
The global diamonds market has returned to strong growth, and Alrosa, one of the world’s largest diamond producers, wants to catch up with its rival De Beers by expanding to China and India, Russian news outlet Prime reports. Alrosa is the world’s largest producer of rough diamonds in carat...
Russian products may fill in the place held by U.S. goods in the Chinese market after Washington and Beijing plunged into a trade war, imposing mutual import duties, Russian Industry and Trade Minister Denis Manturov said on Wednesday, according to Rambler. Speaking in an interview with the NTV Channel, Manturov...
Exports from Egypt to Russia in the first four months of this year increased by 41% and reached $284 million, compared to $201 million during the same period in 2017, according to Minister of Trade and Industry Amr Nassar. According to Reuters, Nassar said that the large increase in Egyptian...
The largest food retailer in Russia, X5 Retail Group, reported a net profit loss of 23.5% year on year in the first half of 2018, attributed to rising overall costs and low food price inflation, RBC reported citing the company’s financial data. H1 net profit stood at 14.3 billion rubles...
The arrest of major U.S. investor Michael Calvey on fraud charges in Moscow should "not affect the investment climate" in Russia, the Kremlin said on Monday, according to Bloomberg. Calvey, founder of the multi-billion-dollar investment fund Baring Vostok Capital Partners (BVCP), was placed in custody by a Moscow court until...
Russia’s second-biggest bank, VTB, recently announced that it has patented technology for blockchain payments, CoinDuck reported. Through this technology, the state-owned lender will develop digital products, services, and payment instruments to account for financial settlements between an almost unlimited number of system participants. Services include fast payment systems, cross-border...
Russia is allowing thousands of North Korean laborers into the country and giving them new work permits in what U.S. officials say appear to be violations of UN sanctions, The Wall Street Journal reported on August 2. Over 10,000 new North Korean workers have registered in Russia since September, the paper...
The Russian ruble was stable on Wednesday as investors awaited a U.S. inflation report that could influence global markets and heighten fears of faster rate hikes around the world. Previous U.S. data showing wages increasing at their fastest pace since 2009 triggered the U.S. sell-off that hit Russian stocks and...