Russia

Russia goes Big Pharma in the fight for the coronavirus business

Ben Aris in Berlin November 13, 2020

Russia was widely criticised when it was the first in the world to register the Sputnik V anti-coronavirus vaccine in August, accused of rushing through the approval for political gain. Now it is a front-runner to win about $1bn in vaccine sales.

Russian petrochemical major Sibur spearheads digital transformation

East West Digital News in Moscow November 12, 2020

Russian petrochemical major Sibur told East-West Digital News it has developed a technology which allows high-precision modelling of physicochemical processes in petrochemical production.

MegaFon invests in fast-growing challenger on Russian online video market

East West Digital News in Moscow November 12, 2020

MegaFon, a major Russian mobile phone operator, is to acquire 33.8% of Digital Media Holding LLC (DMH), the parent company of the Start video service.

#BREAKING: Russia’s Supreme Court lifts most of US fund manager Michael Calvey’s house arrest restrictions

Ben Aris in Berlin November 12, 2020

Russia’s Supreme Court has ordered most of the restrictions on US fund management Michael Calvey and his colleagues from Baring Vostok be lifted on November 12.

MOSCOW BLOG: What to do in the next decade? The Kremlin and the people are confused and unsure

Ben Aris in Berlin November 12, 2020

Russia's Levada Center has done a series of focus groups on what the people want in the long term. It turns out neither the people nor the government are very sure of the answer.

Russian petrochemical major Sibur spearheads digital transformation

East West Digital News in Moscow November 12, 2020

Russian petrochemical major Sibur told East-West Digital News it has developed a technology which allows high-precision modeling of physicochemical processes in petrochemical production.

Russia sharpens knives against cybercrime

East West Digital News in Moscow November 12, 2020

A center for combating cybercrimes, telephone spam and phishing will be created in Russia as part of a government program for the digital economy

Banki.ru founders sell their stake to settle conflict with US investor

East West Digital News in Moscow November 12, 2020

An investor consortium led by Russian private equity firms Elbrus Capital and Winter Capital has acquired 60% of Banki.ru, a leading bank and insurance marketplace.

MegaFon invests in fast-growing challenger on Russian online video market

East West Digital News in Moscow November 12, 2020

MegaFon, a major Russian mobile phone operator, is to acquire 33.8% of Digital Media Holding LLC (DMH), the parent company of the Start video service

Russian sovereign fund RDIF invests in telemedicine platform, targets 100mn potential users

East West Digital News in Moscow November 12, 2020

The Russian Direct Investment Fund (RDIF, Russia’s sovereign wealth fund) is investing in a telemedicine platform developed by Digital Medical Services

In Karabakh deal, as many questions as answers

Joshua Kucera for Eurasianet November 12, 2020

The deal left unmentioned critical issues like the final status of Nagorno-Karabakh and Turkey’s role in implementing the ceasefire.

Russia’s Sputnik V coronavirus vaccine efficacy is 92%, preliminary data shows

bne IntelliNews November 12, 2020

The efficacy of Russia’s Sputnik V vaccine is 92%, according to preliminary data, the authorities announced on November 11, a day after the US firm Pfizer announced it had developed a vaccine that is 90% effective.

The region of Ingushetia is about to become the first Russian region ever to go bust

Ben Aris in Berlin November 12, 2020

Russia’s southern region of Ingushetia is about to become the first ever region in the country to go bankrupt, after its debt service obligations soared to 125% of its income thanks to spiralling healthcare costs and a slowing economy.

CFC joins RWC in assessing KAZ Minerals buyout offer as under-valuation

Kanat Shaku in Almaty November 12, 2020

Offer will prevent minority shareholders from realising full value of their investment in copper miner, CFC says. RWC has said it is “deeply underwhelmed” by the bid.

Protesters flood Yerevan demanding Armenia’s “traitor” PM quit over Nagorno-Karabakh surrender

bne IntelIiNews November 12, 2020

Parliament attempts to meet but can’t establish quorum. Russian peacekeepers start to arrive. Ethnic Armenian head of enclave urges inhabitants not to flee, saying it will be possible to still live in territory.

FPRI BMB Russia: Government mini-reshuffle

FPRI BMB Russia November 11, 2020

The Russian government underwent a mini-reshuffle yesterday that resulted in new leaders for five of its 21 ministries. In quick order, Putin announced the resignations of several ministers, after which PM Mikhail Mishustin proposed replacements.

Who emerge as the real winners from the bloody Nagorno-Karabakh conflict?

bne IntelIiNews November 11, 2020

The six-week war has reshaped the geopolitical scenario in the South Caucasus. Azerbaijan has its yearned for victory, Armenia has been pushed aside. Moscow will now try to run the show while keeping Turkey at arm’s length.

The state is back in business

Clare Nuttall in Glasgow November 11, 2020

This year’s public health crisis has accelerated calls for an increased role of the state in the economy, shows a new report from the EBRD.

Russian stocks surge following Pfizer vaccine announcement

Ben Aris in Berlin November 10, 2020

Russian stocks and the ruble jumped in value on November 9 following the conclusion of the US election and an announcement by US pharmaceutical firm Pfizer that it has a working vaccine against coronavirus (COVID-19).

Russia's BioFoodLabs health food is flourishing in the times of the pandemic

Ben Aris in Berlin November 10, 2020

Russians have been bingeing on health food in an effort to build up their immune systems in the hope of protecting themselves from the coronavirus (COVID-19), sending the sales of BioFoodLabs soaring.

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