Friday, 24.05.2019
The fourth annual Russian-British Business Forum will be held in London in November amid an increase of trade turnover between the two countries by one third, Boris Abramov, Russia’s trade representative in the UK told RIA news agency. "Since the end of 2016, the growth in trade turnover has been observed...
Russian second-tier retailer Lenta launched a 12-month GDR buyout program worth $177 million or about 10% of its free-float, the company said last week. According to the European Supermarket Magazine, the buyout on the LSE will be managed by Credit Suisse. Lenta joins a growing number of Russian companies that opt for...
The United States economy will dominate the world over the next 40 years before its imminent decline, the chairman of the Russian Audit Chamber and former finance minister Alexei Kudrin has said, according to Vedomosti. “The new sphere of war is the economy. In the end, this will still lead to...
One of Russia’s biggest banks, Promsvyazbank (PSB), which was taken over by the Central Bank this year, is facing lawsuits from shareholders in Moscow, London, and New York claiming the owners, brothers Alexey and Dmitry Ananyev, defrauded them of $200 million, Forbes writes in an analysis of the bank’s...
The seasonal increase in ruble supply from Russian exporters, especially amid recovering oil prices, offsets the negative impact of foreign currency purchases by the Bank of Russia, Kommersant writes citing experts. The value of Russia’s national currency has been robustly increasing since the beginning of the year. On Wednesday,...
Russia’s sovereign wealth fund, the RDIF (Russia Direct Investment Fund) has put together a delegation of 30 high profile executives from the country who will take part in the Future Investment Initiative business forum (FII) next week in Saudi Arabia, Reuters reported. Western businessmen who had been due to attend...
Russia’s service sector activity reached an 11-month high last month, driven by stronger demand and new business growth, Reuters reported on Tuesday citing the Markit Russia purchasing managers index (PMI). “The rate of expansion accelerated amid a quicker rise in new business, with both increasing the most since November 2017,”...
Russian Economic Development Minister Maksim Oreshkin told television channel Rossiya 24 that the World Trade Organization (WTO) has been slowed down by the United States and its operation has apparently come to a halt, according to Rambler. "The United States is playing actively on the global arena, breaching all the...
A two-day meeting of G7 leaders in Canada was overshadowed by deepening tensions between Donald Trump and key allies of the United States as the U.S. president surprisingly called on Russia to be readmitted to the group, The BBC reported. In incendiary comments delivered as he left Washington for Quebec,...
Russians are generally satisfied with their lives, but they find the economic situation in the country disturbing their comfort, a recent poll conducted by the Russian Public Opinion Research Center shows, according to Izvestya. The survey has shown that 58% of the respondents are satisfied with their lives, while 21% said they...