Thursday, January 23, 2020
Russia’s retail major Magnit is finishing negotiations on the purchase of SIA Group, one of the five biggest pharmaceutical distributors in the country, using its own shares for the transaction, according to RBC. The transaction will be closed after obtaining consent from the Federal Antimonopoly Service. Further consultations on the...
An ongoing respite in international sanctions against Russia is used by the country’s billionaires to cash in on the appeal of the country’s equities, Bloomberg writes. The U.S. lifted sanctions aluminum giant Rusal at the end of January, and amid the relative calm that’s settled since Washington targeted Oleg Deripaska...
Russian police have confiscated 22 ATMs selling cryptocurrency in several cities in Russia last week, CCN reports citing local media. The machines, operated by the Bbfpro company, were located in shopping malls, restaurants and stores in nine different Russian cities, the media quoted Digital Rights Center lawyer Sarkis Darbinyan as saying. In a separate...
The American subsidiary of Russia’s steel giant NLMK is seeking retroactive relief if exclusion requests for its imported steel slabs are granted, as delays caused by the U.S. Department of Commerce have cost the company tens of millions of dollars in tariffs, documents published on Tuesday have revealed, according...
Zimbabwe and Russia have concluded multi-billion dollar deals in various sectors of the economy ranging from energy, mining, tourism, health, agriculture and media, minister in the African country’s government has said, according to ZBC. The deals will be signed in October during the Russia-Africa Summit, aimed at strengthening and deepening...
Amid growing interest in Russia for bouts organized by the Ultimate Fighting Championship’s (UFC), involving such famed fighters as Conor McGregor and Khabib Nurmagomedov, the global organization plans to set up its own network of fitness clubs in the country - UFC Gym, Kommersant reports.   The project will be...
Washington will never remove sanctions on Moscow because this is what its policies have been based on for years, Russian Prime Minister Dmitry Medvedev said while answering questions from users of the VKontakte social network on Friday. "I can tell you frankly: they will never remove sanctions on Russia because...
A Russian presidential adviser has proposed to adopt a digital currency in Crimea to attract investors and avoid Western sanctions in the Russia-annexed part of Ukraine’s Crimea, Eurasia Daily reports. Sergey Glazyev, advisor to Russian President Vladimir Putin on regional economic integration, urged the government to adopt “digital money technologies”...
Sergey Guriev, Chief Economist at the European Bank for Reconstruction and Development (EBRD), has said he believes Russia is much more corrupt than one would anticipate, given its level of development and even more so, the level of education. "In terms of the stability of financial markets, Russia has...
Economic ties between India and Russia in priority sectors should deepen and diversify to meet the bilateral trade target of $30 billion by 2025, India’s commerce ministry said on Tuesday, according to Regnum. This was emphasized by Russia's Deputy Prime Minister Yuri Trutnev and Commerce and Industry Minister Piyush Goyal...