"Onshore offshores" could be created in Kaliningrad and Vladivostok as the Kremlin looks at options to create a financial bolthole for sanctions-hit oligarchs.
Russia's stocks, bonds and currency is in meltdown, but for the real estate market the risks are less immediate. The occupational markets are now largely ruble denominated so ruble volatility is less of a problem.
Russian corporations involved in coal mining, and other related sectors, grew by a staggering 68% y/y in 2017
Deputy Prime Minister Arkady Dvorkovich said the state’s share in the economy should be reduced through privatisations, but the main focus for the government at the moment is expanding privately owned businesses.
On March 18, 2018, Russian President Vladimir Putin won re-election for his fourth non-consecutive term in office with 77% of the vote. In the disputed Soviet Riviera of Abkhazia we won 94% as the locals pine for their faded days of glory
Russia is the second biggest consumer of digital pirated content in the world with 20.6bn visits to piracy sites in 2017, according to a report by Muso, a London-based global authority on digital piracy
Falling value of the national currency during a rout on the Russian capital markets caused by the imposition of new US sanctions on Russia’s top businessmen may cause the central bank to pause its easing cycle.
Russian brokerage BSC Global Markets marked the Russian equity market up to buy following a rout that saw the leading indices tumble after the US government imposed new and painful financial sanctions.
Most of Russia’s blue chips were caught up in the slow-building maelstrom as investors started reacting to the sanctions on some of Russia’s biggest tycoons, but companies belonging to metals magnate Oleg Deripaska were in the front line.
Consumer prices in Russia rose by 0.3% month-on-month in Russia in March 2018, in line with previously observed weekly inflation dynamics and bringing the annual inflation rate to 2.4% versus 2.2% seen in February.
Russian aluminium major Rusal warned on the Hong Kong stock exchange that the latest US sanctions directly targeting the company and its owner tycoon Oleg Deripaska "may result in technical defaults in relation to certain credit obligations."
The US Department of Treasury has released an update to the sanctions against Russia, with seven Russian tycoons, 12 major companies and 17 government officials added to the Specially Designated Nationals And Blocked Persons List.
The Watcom index, which measures footfall in the leading shopping malls, has been falling steadily since its inception in 2014 as Russians increasingly move online to buy everything from sugar to shoes.
Bond issues from emerging markets were strong in the first quarter of this year with bond traders ignoring the political brouhaha.
Arrival of Iran’s Rouhani on April 4 for three-way meeting may, however, complicate the agenda with Ankara potentially at loggerheads with Moscow and Tehran over how to wind down the Syria conflict.
What's in store for Lukoil, Russia's largest privately owned oil company in Putin's last term in office? CEO Vagit Alekperov suggested last week that he might step down. Does the boss of Rosneft have his eye on the company?
National security and foreign policy commission chief recommends its 40mn Iranian users should move to another service—an app that some critics claim was developed by intelligence officers.
Kremlin-friendly President Zeman fought hard to send Yevgeny Nikulin to Russia but those pushing the pro-Western orientation of Czechia appear to have won out in the case.
Russia’s manufacturing PMI put in a marginal rise in March up to 50.6 from 50.2 a month earlier and only just above the 50 no-change mark in the IHS Markit index, a composite snapshot of manufacturing actively based on a monthly survey.