The cost of the economic reforms announced by Russia's president in his controversial State of the Nation address works out as RUB20.5 trillion ($355bn), more than this year’s entire budget spending plan, bank's report concludes.
Sberbank has become so profitable that its CEO German Gref, a former economics minister who is expected to go back into government in a reshuffle anticipated in May, is keen to do his bit for the country by boosting dividends.
The sale immediately raised questions about the paper’s independence as buyer Adnan Kivan reportedly has close ties to President Petro Poroshenko and is also said to have links to Syrian President Bashar al-Assad.
New store openings to position Obuv Rossii as a key beneficiary of the ongoing recovery of consumer demand in Russia, BCS analysts forecast.
The election ratings of Ukrainian President Poroshenko are collapsing, according to poll results released on March 19 by the Kyiv International Institute of Sociology, while rival Yulia Tymoshenko has opened a wide lead.
While Putin didn't offer a coherent vision or economic agenda, the Kremlin played the sure card of ramping up tensions with the West ahead of the election, ensuring high turnout and a 77% share of the vote for the incumbent.
Russia's Ministry of Finance is moving ahead with plans to place $7bn of new Eurobonds despite deteriorating relations with the West over the spy poisoning scandal.
Ukraine's parliament finally appoints Yakiv Smolii, acting central bank governor, to succeed Valeria Gontareva.
IIB launches a new project to promote Russian and Hungarian pharmaceutical industries' development.
Russia's major privatisation deal of 2017 – the sale of 19.5% of Rosneft to China’s China Energy Company for $9.1bn – could fall apart after it appeared the controversial buyer doesn't have the money to pay.
It is “highly likely” that Russia was behind the attack on former Russian double agent Sergei Skripal, who was attacked by a “military grade” nerve agent a week ago in Salisbury, the UK Prime Minister Theresa May said in a speech on March 12.
NATO has granted Ukraine the status of an aspirant country, which means that Kyiv has officially declared its aspiration to join the military alliance.
Leading Russian online firm and LSE-listed Mail.ru Group announced that its ad platform myTarget began accepting Bitcoin (BTC) and Bitcoin cash (BCH) as payment means for running ads on the group’s properties.
Dubbed “the Russian Amazon” the shareholder of Russia’s leading e-commerce company Ozon Holdings will inject up to $92mn into the company to fund its further expansion.
The high number of women in high-ranking positions in businesses is partly a legacy from the communist era and continues despite less than conducive business and political environments.
Ukrainian President Petro Poroshenko has rejected an idea that "foreign donors will form" the nation's independent anti-corruption court, in an FT interview
Putin’s popularity rating fell from 69.7% in January to 57.1% in February, with the Communist Party's Pavel Grudinin the main beneficiary.
Russian investment grew for the first time in five years in 2017, but most of this was in commodities and transport.
Sberbank has become international investors second most favourite EM stock in the whole world.
One the largest owners of A-class commercial real estate in Moscow O1 Properties of Boris Mints will quit the market and sell the assets to Laysa Group affiliated with Russian Railways. Mints was also a major shareholder in the Garden Ring banks