Sberbank shrugs off Brexit and sanctions by investing £80mn in London unit

Jason Corcoran in London October 1, 2018

Russia’s biggest lender Sberbank has shrugged off concerns about both Brexit and sanctions by committing £80mn ($56mn) in the second half of this year to its loss-making London investment bank, bne IntelliNews can reveal.

Russia's manufacturing PMI sector flat in September

bne IntelliNews October 1, 2018

Russia's manufacturing sector saw no change with regards to its overall performance in September according to the latest PMI index report, while "overall stagnation did however mask a return to growth of both output and new orders," IHS Markit said

COMMENT: Delinking the Baltic electricity grid from Russia on Brussels’ dime

Richard Smith in London September 28, 2018

In Soviet times Lithuania's electric grid was integrated with those of neighbouring SSRs Belarus, Russia, Estonia, and Latvia, but now the small republic plans to delink its power grid ending the BRELL agreements and throw in its lot with the EU

Russian wines take over half the domestic market in sales

bne IntelliNews September 28, 2018

In the first half of September the produce of Russian wineries accounted for over half the domestic wine sales with a 52% market share, up from 43% a year ago.

Russian stocks in a time of uncertainty

Ben Aris in Moscow September 27, 2018

Russia's economy is recovering and the leading companies are paying record dividends, but the RTS index has been range bound for years as the politics of sanctions overshadow everything. bne talks to Roman Lokhov, CEO of BCS GM, on this and more.

Russia's pension reform still seen as unjust, but less willing to protest

bne IntelliNews September 27, 2018

The number of Russians willing to protest the passing of the unpopular pension reform and the hiking of the retirement age has dropped considerably from 53% in September to 35% in August, according to Levada Center pollster cited by Vedomosti daily o

Russian-Hungarian consortium inks €1bn rolling stock deal in Egypt

Levente Szilagyi in Budapest September 27, 2018

Transmashholding-Hungary will deliver 1,300 passenger carriages to Egyptian National Railways, which is overhauling the countryʼs old railway system.

Russians see heads of state behemoths as most successful top managers

bne IntelliNews September 26, 2018

Russians believes that country's most successful top managers are Alexei Miller of state gas giant Gazprom (10% of the respondents), the head of state-controlled Sberbank German Gref (6%), and Igor Sechin, head of oil company Rosneft.

Russian economy is quasi-feudal, antimonopoly watchdog complains

bne IntelliNews September 26, 2018

The Russian economy remains “retarded” and “quasi-feudal,” especially in less developed region, the head of the Federal Anti-monopoly Service (FAS) Igor Artemyev said in an interview

Russian discounted family mortgages programme to be prolonged to 2024

bne IntelliNews September 26, 2018

Russia will prolong discounted mortgages at 6% interest for families with two or more children to at least 2024, RIA Novosti reported citing the office of the deputy PM Tatyana Golikova.

Russian billionaire Abramovich wants £3bn for Chelsea club

bne IntelliNews September 25, 2018

Russian billionaire Roman Abramovich reportedly is asking for £3bn for his UK Premier League football club Chelsea, having already turned down a £2.3bn offer