Opec may have agreed a production cut deal with oil producers, including a 300,000 barrel cut in Russian production, but Russia’s oil production continues to run at record highs and leading companies are not keen to cut.
Russia and Japan have entered into “detailed discussions” on a peace treaty. WWII never ended, at least for the two countries, as they did not formalise an end to hostilities and are technically still at war.
The Russian business weekly Expert finds that firms operating in the oil & gas sector continued to dominate in its annual list of Russia’s 400 largest companies, with Gazprom in the top slot
Ukraine's ex-president Viktor Yanukovych has been indicted for state treason for facilitating Russian aggression. But the fugitive leader, who fled to Russia in February 2014, is unlikely to stand trial any time soon.
Gold-mining tycoon says British political establishment has to forget Litvinenko killing and get back to business.
Russian GDP was down 0.5% y/y in October, 0.7% y/y contraction for 10M16.
Putin pushes message of economic and social development on a homegrown platform of strength after two years of Russia's isolation.
Despite the external blows of Brexit and then ‘Trumpquake’, there was a general improvement in Central and Eastern Europe’s transaction climate in 2016.
The sale of 20% of its shares at RUB550 per share valued the company at $2.5bn.
The arrest of the economy minister for allegedly taking a $2mn bribe has cast a shadow of widespread corruption at the heart of government and to a lesser extend on President Vladimir Putin, according to the Levada Center.
The current projections for the 2017 budget suggests once again, as in Soviet times, Russia’s future is being mortgaged in the name of its military aspirations.
VTB has had to slash hundreds of staff from its office in London and on Wall Street because of sanctions.
President Vladimir Putin’s rating rose to its highest in 4 years of 86% of Russians who say they are happy with the president, according to independent pollster the Levada Center in October, up from a brief dip to 72% a month earlier.
“Russian influence in the CEE region” was the focus of discussion at a conference organised by the Budapest-based think-tank Political Capital.
Russian music streaming site Zvooq is suing internet behemoth Yandex for $29mn for alleged breach of contract and accuses the Nasdaq-listed company of destroying the delicate investment climate in Russia by exploiting its market power.
Russian state-owned lender Sberbank has pumped £5.5mn into its London investment bank to boost a business reeling from sanctions and a costly sexual discrimination case.
Russia’s retail sales ticked down -4.4% as unemployment ticked up in October to 5.4%
Russian income figures deteriorated in October after a brief respite in September. Both nominal and real disposable incomes fell, while real incomes were the only indicator to improve.
Russia’s economy is doing better. Though not in the sense that growth rates are set to return to their 2000s highs of between 7-8%. To get back there the country needs to privatise state owned enterprises and make some deep structural changes.
The Russian shopping footfall index accelerated again in the 44th week of the year as consumer confidence gains pace and the public starts spending again amid a slew of gradually improving macro indicators.
Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.
If you have already registered, enter the information below with the same email you used previously and you will be granted immediate access.
Thank you. Please complete your registration by confirming your email address. The confirmation email has been sent to the email address you provided.
IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.
"No day starts for my team without IntelliNews Pro" — UBS
Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.