Saturday, October 19, 2019
Russian miner Amur Minerals’ shares were up on the London Stock Exchange on Tuesday after the company said it had reduced the cost estimate for a road connecting its Kun-Manie nickel-copper sulfide project in Russia to the Baikal Amur rail line to $129 million, Morningstar reports. The updated estimate...
A Moscow court on Friday sentenced prominent businessman Dmitry Mikhalchenko to 4 years and 7 months in a minimum-security penal colony for alcohol trafficking, the Russian legal information agency reports. The court also gave two other defendants in the case, Boris Korevsky and Alexey Mishchenko, 5 years in a...
Russian aircraft leasing company Avia Capital Services (ACS-Aero) said on Tuesday that it has filed the first U.S. lawsuit to cancel an order for 35 Boeing 737 MAX jets, Gazeta.ru writes citing a Financial Times report. The company is a subsidiary of state-owned Russian conglomerate Rostec. It said it was...
More educated Russians have been leaving the country for economic and political reasons since 2014, a new report published by the Russian Presidential Academy of National Economy and Public Administration (RANEPA) reveals. According to The Moscow Times, researchers at the prestigious state university conducted interviews with Russian emigrants abroad and...
An 8-point plan for economic cooperation between Japan and Russia should be the framework for the relations between the two countries, Japanese Prime Minister Shinzo Abe said in his address to Parliament on Monday, Eurasian Times reports. The plan had been proposed by the Japanese PM in May 2016. It...
Russia continued buying gold in March, with the Bank of Russia adding 18.66 metric tons of the precious metal to its coffers during the month, newly-released central bank data has revealed, according to Reuters. The purchase increased Russia's total gold holdings by 0.87 percent, bringing it to 2,167.91 tons of the precious metal as of April 1. The new purchases...
The Russian central bank decided to cut the key interest rate to 7.5% on Friday, the Board of Directors of the Bank of Russia said after its first meeting this year, Reuters agency reports. The Bank of Russia notes that annual inflation remains at a consistently low level, while inflation expectations...
Russia-based analytics firm ICORating has been fined nearly $300,000 by the U.S. Securities and Exchange Commission (SEC) for failure to disclose payments for positive reviews to various projects, the authority said on Tuesday, according to Reuters. The SEC announced a $268,998 settlement with ICORating for projects rated from December 2017 through July 2018....
Representatives of 16 of Russia’s biggest companies will meet with Russian President Vladimir Putin and French businessmen on Thursday, the head of the Franco-Russian Commerce and Industry Chamber (CCIFR), Pavel Shinsky, told TASS news agency. "A total of 16 companies will participate. They are the biggest investors into Russia, and,...
U.S.-sanctioned Russian carmaker GAZ will be forced to shut down by this summer if the United States doesn’t lift sanctions against both owner Oleg Deripaska and the company, the billionaire has said, according to TASS news agency. "July 4 is literally the last day this factory could work," Deripaska told journalists during an...