- 11:22 17/04/2014
Chinese investors plan to launch the first phase of a major Siberian timber complex later this year, part of a push by Beijing to cement business ties with Moscow amid strained relations between Russia and the EU, a senior manager of the venture said Thursday.
- 17:14 16/04/2014
Top officials at the Franco-Russian Chamber of Commerce and Industry (CCIFR) have warned of devastating consequences for business if broad EU economic sanctions are introduced against Russia.
- 16:20 16/04/2014
Russian banks will set up special interconnections by June to ensure the uninterrupted use of bank cards within Russia, even in the case of further sanctions, the head of Russia’s VTB24 Bank told RIA Novosti Wednesday.
- 13:43 16/04/2014
Google has closed a one-day public sale of its experimental computer-enabled glasses, an announcement on the company’s website said.
- 12:25 16/04/2014
The Russian stock exchange has been in the red this week with investors worldwide putting portfolio decisions on hold as events in Ukraine unravel.
- 16:39 15/04/2014
Russia’s financial sector is reliable and under control, Russian Prime Minister Dmitry Medvedev said during a meeting with finance officials Tuesday.
- 13:54 15/04/2014
The current difficulties faced by the Russian economy are due to some extent to attempts to push the country into an artificial crisis, Prime Minister Dmitry Medvedev said Tuesday.
- 15:38 14/04/2014
Leading European stock indices slipped into the red on Monday morning as investors grew increasingly reluctant to buy risky assets due to rising tensions in Ukraine.
- 18:26 11/04/2014
The Bank of Russia has announced it will keep the volume of accumulated interventions at $1.5 billion, while shifting the ruble trading corridor by 5 kopecks, according to the bank's website.
- 19:42 10/04/2014
Russian President Vladimir Putin has sent a letter to leaders of 18 states, in which he says that unbalanced trade with EU members has brought Ukraine to the brink of economic collapse and calls for urgent ministerial meetings on the issue.
- 15:28 10/04/2014
The short-term decline in the value of the ruble will spur the recovery of the Russian economy, but prolonged financial volatility will increase capital outflows, World Bank economist Hans Timmer said Thursday.
- 11:18 10/04/2014
The Bank of England has exerted pressure on the British division of Russia’s second largest bank, VTB Capital, the head of VTB told the Russian Izvestia newspaper.
- 10:18 10/04/2014
Russian Finance Ministry has amended the law on banks to give them the opportunity to interact directly with the US Internal Revenue Service (IRS) to fulfill the Foreign Account Tax Compliance Act (FATCA) obligations, avoiding possible sanctions, Kommersant newspaper said Thursday.
- 17:40 09/04/2014
Fast-food giant Burger King has announced plans to open new restaurants in Russia, including in the country’s new region of Crimea, a week after its long-term rival McDonald’s suspended operations on the Black Sea peninsula, Russian media reports said Wednesday.
- 11:15 09/04/2014
Russian banks are reluctant to immediately divorce themselves from the Visa and MasterCard payment systems, but many are already looking into domestic and Asian alternatives.
- 18:59 08/04/2014
Oil prices are rising over the increased geopolitical risks triggered by a new wave of mass protests in Ukraine and the strained tensions between Kiev and Moscow, trading results showed Tuesday.
- 17:55 08/04/2014
The International Monetary Fund said in a report Tuesday that a downgrade in expectations for Russia's economic growth this year is due in part to the recent geopolitical tensions over Ukraine.
- 14:21 08/04/2014
Morgan Stanley has adjusted its recommendations and assessments of certain securities for a number of Russian metallurgical and mining companies, according to a review by the bank.
- 18:13 04/04/2014
Stress tests conducted by the Russian Central Bank prove the country's banking sector could likely handle even the most extreme economic stress, the bank's senior vice president said Friday.