Russia’s leading mobile phone company Mobile TeleSystems (MTS) says it will sell its 18.7% stake in Russian online retailer Ozon Holdings to AFK Sistema for RUB7.9bn ($120mn).
The CBR found a lot of problems on the balance sheet of Orient Express Bank (aka Vostochniy bank) and ordered a recapitalisation by April.
It took Russian President Vladimir Putin an hour to get to the international issues as his state of the nation speech focused almost entirely on how the Kremlin will make people's lives better at home.
Russian companies pay the highest dividends in the world. At the moment the average dividend yield if 6.8%, which is around twice that of the benchmark MSCI Emerging Markets (EM) index.
Ukraine saw the second fastest e-commerce sector growth in Europe last year, up by just under a third, according to the EU-funded Better Regulation Delivery Office.
The branch was revealed to have funnelled billions of euros in a massive breach of national and EU anti-money-laundering regulations.
In a sign of how seriously the Kremlin is taking the demonstrations against smelly landfills last year, the state has set up a national rubbish disposal company and Prime Minister Dmitry Medvedev appointed Denis Butsaev as its head.
The Kremlin has been stock piling the yellow metal in anticipation of more US sanctions.
Rusnano, the Russian state-controlled nanotechnology corporation, has exited Quantenna Communications, a US-based provider of high-performance Wi-Fi solutions, six years after an investment of around $20mn in the company
Siberian startup iFarm secures $1mn to develop “vertical farms” across Russia and Europe
Russia’s HeadHunter has acquired a 25% stake as a result of a capital injection into Skillaz, a developer of advanced recruitment solutions,
In December last year Vostok New Ventures (VNV), a major Swedish investment firm operating internationally, invested $4.5mn in online bus ticketing platform Busfor, in addition to the $4mn it had injected in the company in mid-2018
Turkmenistan has halved its oil exports in recent weeks due to a lack of tankers caused by a clash between Swiss trading house Vitol and Azerbaijan’s SOCAR, Reuters reported last week, citing anonymous traders.
Russia’s industrial and manufacturing activity is slowing after a relatively robust 2018, which saw industrial production growth of between 2-3% most months.
Some Russian employees are expected to go to work in temperatures further below freezing than in any other part of the world, according to a study by Crystal Ski Holidays.
How much damage will the February 14 arrest of US fund manager Michael Calvey on “large-scale embezzlement” charges do to Russia's investment case?
On February 13-14, the “Ministerial to Promote a Future of Peace and Security in the Middle East” conference was held in Warsaw at the initiative of Poland and the United States, and gathered representatives from 62 countries.
Local reports say detention relates to theft of 2.5bn rubles. His unsettling arrest a hard blow to fragile investment scene. Russian sovereign wealth fund chief says he would vouch for him.
Gazprom might construct a Turk Stream 2 gas pipeline if there is sufficient demand and the company receives all the necessary approvals, says Gazprom CEO Alexey Miller.
Moscow-based grocery delivery service Golama has attracted 150mn ruble (approximately $2.3mn) in equity funding from an unnamed individual investor, according to media reports, reports East-West Digital News (EWDN).