To some, under the influence of the COVID-19 pandemic, Vladimir Putin’s much-vaunted ‘power vertical’ is rotating, turning on its head. Power has shifted from the centre to the regions
The IHS Markit Russia Services Purchasing Index (PMI) was up slightly to 36.2 in May from 31.3 in April, but still well below the 50 no-change mark, as the services sector has been crushed by the coronacrisis.
The US State Department has announced that Malta seized $1.1bn worth of “counterfeit” Libyan dinars that were travelling by ship to the Libyan parallel government and were printed by the Russian state-owned company Goznak.
Russian authorities confiscated 70 tonnes of fine European cheeses smuggled into the country in a container and mislabelled as industrial rubber for use in the construction industry.
US President Donald Trump has postponed a planned G7 summit slated to happen in June, but has invited Russia to attend the rescheduled meeting in September in New York.
Gold-exporting Uzbekistan has the emerging Europe region's best shot at achieving positive GDP growth this year. Other economies managed to expand in Q1 but will be pushed into full-year contractions.
Sber Trading Swiss AG based in Zug, Switzerland, will become the main hub of Sberbank's international physical commodity trading business
Steady growth in new cases in several countries despite easing of lockdowns, numbers pushed up by outbreaks at industrial plants.
Gas delivered via pipelines from Russia and Iran down 72% y/y and 33% y/y in March. US expanding shipments of liquefied natural gas amid glut as spot prices fall.
A third of Russians (32.8%) believe that the danger of the coronavirus epidemic is exaggerated, or they consider it to be an invention of interested parties, according to a study conducted by the Higher School of Economics (HSE).
Russians state-owned banking giant VTB is trapped in an expensive lease for its European headquarters in London for another four years even as the Kremlin-controlled lender builds up a new investment base in Frankfurt, bne IntelliNews can reveal.
Russia’s April lockdown hit the statistics this week, after Rosstat reported that retail sales were down a massive 23.4% year on year and unemployment almost doubled in the month, the state statistics agency said on May 27.
The head of Russia's Audit Chamber Alexei Kudrin has published an oped laying out his vision of the state anti-crisis policy amid the coronavirus epidemic.
Yandex.Taxi, the ride-hailing arm of Russian online giant Yandex, is pushing ahead with its plans to organise its highly anticipated initial public offering (IPO), while struggling to remain profitable despite the crisis
Hit by the coronavirus (COVID-19) crisis and lockdown measures aimed at curbing the pandemic, the Russian IT segment expects losses in the April-June period, unless support measures are offered by the government.
Russia’s leading petrochemical producer Sibur Holding successfully closed the order book for its BO-01 and BO-02 exchange-traded bond issues, worth RUB10bn ($139mn) and RUB5bn ($69mn) respectively, the company announced on May 21.
The leader of Chechnya and one of the most controversial figures in Russian politics, Ramzan Kadyrov, has reportedly been admitted to “one of the best hospitals in Moscow” after he was believed to be infected with the coronavirus
Russia has emerged as a safe haven for investors during the coronavirus (COVID-19) pandemic that has rocked capital markets around the world, according to a paper from the Institute of International Finance (IIF).
More than half of all Russia’s 300,000-plus registered cases of coronavirus infections are in Moscow, making it the epicentre of the Russian epidemic. But its size and wealth makes it the best able to cope with the crisis.