Russia’s Central Bank of Russia (CBR) has started work on cleaning up the ailing Binbank (also known as B&N Bank) and the lender's main owner is ready to sell his share for RUB1 as well as repay losses of up to RUB350bn ($6bn).
Russian uncut diamond major Alrosa mined a 27.85 carat pink diamond, the company said on August 21. The diamond is nearly seven times biggest than the previous record holder which had a weight of 3.86 carats.
The Oneksim group that belongs to Russian tycoon Mikhail Prokhorov sold 100% of Snob Media publisher to the head of the group Maria Gevorkyan, according to September 21 announcement.
Another “Garden Ring” bank may be about to go to the wall after the Central Bank of Russia said that leading commercial lender B&N Bank has asked for a bailout.
Russia’s economic recovery is going better than expected – so well that Russia's finance ministry has cut the net domestic borrowing programme from RUB1.05 trillion (€15bn) annually to RUB0.87 trillion, according to the draft federal budget
The new Russian three-year 2018-2020 federal budget currently being drafted by the government has less than RUB10bn ($172mn) per year worth of privatisation revenues planned, Interfax said on September 18 citing the Finance Minister Anton Siluanov.
Only a quarter of Russians keep their savings in banks, according to the Russian Public Opinion Research Centre.
The Ukrainian authorities have opened the book on the issue of the first bonds on the international capital markets since the Euromaidan protests broke out three years ago and ousted former president Viktor Yanukovych.
Russia is keen to up exports and it will start with cars. Volkswagen will double the proportion of Russia-made cars it exports from 10% of the total output to 20%, Oliver Gruenberg, head of the German carmaker's plant in Kaluga, says.
The EBRD is considering the possible acquisition of a stake in Priorbank, a Belarusian subsidiary of Raiffeisen Bank International (RBI) and the leading commercial bank in the country and maybe the Moscow-Minsk bank as well.
Washington has announced that it is extending sanctions waivers for Iran granted under the 2015 nuclear deal, but at the same time it is imposing new measures against several individuals and entities over the country's ballistic missile programme.
Nato members Poland and the Baltic states fear Russia will use the "Zapad" exercise to boost its military presence in the Kaliningrad region and possibly in Belarus.
The European Bank for Reconstruction and Development (EBRD) will lend €50m to Belinvestbank to replenish its capital and move it towards an eventual privatisation, EBRD President Suma Chakrabarti told journalists on August 13.
Russia to become the world’s second largest producer of gold after Polyus launched a new mining and smelting facility at Natalka in the Far Eastern Magadan region.
Moscow is ready to back the possible deployment of the United Nations (UN) peacekeepers not only on the contact line between Ukraine's troops and pro-Moscow rebels, "but also in other places," Putin told German Chancellor Merkel
The Kremlin has almost finalised its plan for the reelection campaign, but is reportedly worried after turnout fell to a record low in the September 10 municipal and regional elections.
New rules strike to the heart of the most serious problem in the Russian banking sector: owners' proclivity to make loans to themselves and then default on those loans.
Proposal to feature depictions of the Ukrainian city of Lviv and Lithuanian capital Vilnius in passport to celebrate 100 years of Polish independence sparked outcry in neighbouring states.
Ukrainian President Petro Poroshenko slammed former Georgian president Mikheil Saakashvili on August 11, who defied the president by entering Ukraine without a valid passport accompanied by a supporters and a bevvy of Ukrainian lawmakers.
The Kremlin-backed United Russia swept the board in the 16 regional mandates that were up for grabs, but the elections can be considered a defeat for the Kremlin as they were marred by a record low turnout ahead of the 2018 presidential elections.