Russia's inflation continues to slow to 4.6% in July

bne IntelliNews August 7, 2019

Russia's consumer price index (CPI) posted a growth of 0.2% month-on-month in July, with year-on-year inflation slowing to 4.6%, according to the data of the Rosstat agency. The m/m inflation was below the consensus expectations of 0.2%. In y/y terms

Russian Zvezda shipyard loses two major icebreaker orders

bne IntelliNews August 7, 2019

Russia already has three nuclear powered icebreaker needed to navigate the icy Arctic waters but with more orders in the works two shipyards are vying to capture this lucrative business.

Russia's Levada and VTsIOM polls dramatically disagree on sentiment over the Moscow protests

Ben Aris in Berlin August 7, 2019

The results of a poll by independent pollster the Levada Center violently disagreed with a poll by the state-owned pollster, the Russian Public Opinion Research Centre (VTsIOM), on the reaction to the weekend protests over the upcoming city council

Latest sanctions against Russia could support OFZ market

bne IntelliNews August 7, 2019

The latest US sanctions against Russia that limit the buying of Russian sovereign debt on the primary market are not only neutral for Russian sovereign debt market, but could actually support the domestic federal OFZ bonds, analysts told Reuters on A

Russian car market keeps contracting in July

bne IntelliNews August 6, 2019

Russian car market continued to contract in July, with the sales of new passenger cars and light commercial vehicles (LCVs) down by 2.4% to 0.14mn units. In the seven months of 2019 the sales also declined by 2.4% to 0.97mn vehicles, according to the

Russian oil, gas output continues rising despite setbacks

bne IntelliNews August 6, 2019

Russian oil and gas production climbed further in the first seven months of 2019, despite cutbacks relating to the dirty oil crisis and a recent dip in gas exports.

CEE monthly bond wrap: Summer doldrums afflict Russian bond issue, but CE raises large amounts

Ben Aris in Berlin August 5, 2019

The emerging markets (EM) bond markets are well into their summer slowdown. There were virtually no bond issues from Russia at all in July but Central Europe saw $6.4bn of issues

Battle of the Russian voice assistants

Dasha Fomina in Moscow August 5, 2019

We are slaves to the keyboard if we want to act with the growing range of smart devices but being able to simply talk to a virtual assistant is the technological manumission that is already a reality. Russia is on the cutting edge of development

Kremlin victory as opposition weekend protests are quickly and brutally disbursed

bne IntelliNews August 4, 2019

Russian police arrested more than 800 people and quickly broke up a demonstration on August 3, apparently randomly attacking peaceful protesters as well as many innocent passersby.

Russia's National Welfare Fund doubled in July to $124bn

bne IntelliNews August 4, 2019

Russia's National Welfare Fund (NWF) doubled in July, increasing by RUB4.105 trillion, to RUB7.868 trillion, and in dollars terms by $64.479bn, to $124.137bn, the Ministry of Finance of Russia reported on August 2.

MOSCOW BLOG: Are regular Russians ready to face the police baton to get what they want?

Ben Aris in Berlin August 2, 2019

Has the brutal beating of protestors in Moscow last weekend and the arresting of over 1,300 people—some simply innocent passersby—radicalised Muscovites? The crowd size at the sanctioned August 3 rally will be very telling.

Twitter pays $47 Russian fine for failing to share data on users

bne IntelliNews August 2, 2019

Law requiring internet companies to keep data about their users on servers physically located in Russia breached.

Danske Bank to exit Russia amid money laundering scandal

Jason Corcoran in London August 2, 2019

Danske Bank has outlined plans to quit Russia by January next year after the Danish bank was rocked by allegations its Estonian branch was involved in a mind-boggling $230bn money laundering scandal, bne IntelliNews can reveal.

Russian internet major expands gaming partnerships

bne IntelliNews August 2, 2019

Russian internet major closed a long-term partnership with Chinese videogames publisher iDreamSky Technology Holdings

Russia’s manufacturing PMI continued to contract in July, but moved closer to no-change mark

bne IntelliNews August 1, 2019

Russia’s manufacturing PMI continued to contract in July with the index up only slightly to 49.3 from 48.6 a month earlier, but still below the 50 no-change mark, IHS Markit reported on August 1.

Russia’s basic sector output accelerated in June, to be bolstered by expanding national project spending in 2Q19

bne IntelliNews August 1, 2019

Russia’s basic sector output, which represents a large share of GDP, grew by nearly 2% in June, which should mean strong economic activity in the second quarter after a disappointing first quarter. National project spending will bolster growth.

Sberbank dodges Brexit risks by opening Cypriot London branch

Jason Corcoran in London August 1, 2019

Russia’s biggest lender Sberbank has dodged the fallout of a potential no-deal Brexit by opening a branch of its Cypriot business in the heart of London, bne IntelliNews can reveal.

Russia's Emerging Travel Group secures $10mn from Lev Leviev, Igor and Dmitri Bukhman

EWDN in Moscow July 31, 2019

Emerging Travel Group, an international online travel group with Russian connections, announced it raised $10mn in a Series E funding round from Russian-Israeli tech investor Lev Leviev.

Sberbank acquires logistics service provider Shiptor

EWDN in Moscow July 31, 2019

Sberbank announced the acquisition of Shiptor, a mid-sized logistics and delivery service provider on July 30, reports East-West Digital News (EWDN).