Leading Russian fund Baring Vostok has cancelled plans to raise a sixth fund that could have been worth $1.3bn, as five of its senior managers face fraud changes and three of them languish in prison.
Vucic says “no logic” to spy affair that surfaced days before his visit to Moscow, given warm relations between two states.
If humanity completely abandons hydrocarbons in the energy sector it will “end up in caves”, Russian President Vladimir Putin told delegates at the VTB Russia Calling investment summit.
There is an enigma as to why German political and public opinion is in favour of the Kremlin’s controversial Nord Stream-2 gas pipeline. "The Bridge: Natural Gas in a Redivided Europe" by Thane Gustafson tries to solve the riddle.
Russia’s RUB25.7 trillion ($390bn) investments planned for the 12 national projects are getting underway and the state will inject additional spending of 4% of GDP each year. The lion's share of investment will go into building roads.
Russia is in the global top 3 in terms of fintech services penetration, with 82% of Russians regularly using fintech solutions in 2019
After four years of stagnation consumer demand is finally back as a main driver of Russia’s economic growth. An uptick in real incomes in October has fed through to retail sales which expanded by 1.6% year-on-year.
One of the largest Russian retailers Dixy Group will launch online grocery sales of its format Viktoria in 1H120, the CEO of the group Igor Pletnev told Vedomosti daily. Pletnev did not specify which is the marketplace the sales will be hosted on
Norilsk Nickel doesn't expect to change its generous dividend formula in the next four years, despite ramping up investment to increase production and reduce the company's emissions
Budapest seeks to delay repayment of Russian loan for nuclear power plant expansion as new units now not expected to be up and running before 2030.
Russia's largest bank Sberbank will sell the "golden share" in the internet major Yandex for €1, Vedomosti and RBC business portal reported on November 19 citing the announcement of the bank.
Russia’s industrial production rose by 2.6% y/y in October, which is down from the 3% y/y growth in the previous month, Rosstat reported on November 18.
Russia’s largest bank and tech giant wannabe Sberbank followed up on previous announcements and signed a non-binding agreement to acquire stakes in holding companies that have shares in Mail.ru
Analysts at VTB Capital increased the target price of Norilsk Nickel shares by a quarter in anticipation of a spike in the prices for nickel, palladium and other platinum group metals next year as the climate crisis intensifies.
Changes at the Russian internet giant were intended to allay the state’s fears that a “strategically important” technology company will fall under the control of foreign powers.
Russian internet giant and one of Europe’s largest tech companies Yandex has come to an agreement with the Russian authorities to amend its governance and give an NGO with public participation control over its “golden share” with veto powers.
Russia’s oldest and largest tour operator Intourist is planning an IPO, after Anex Tour owner Neşet Koçkar completes a buyout of its shares from troubled Thomas Cook.
State-owned gas company Gazprom extended its lead over rival state-owned banking giant Sberbank in the race to be Russia’s most valuable company, after its market capitalisation stepped up by over $10bn in November to make the company worth $93bn.
The owners of the largest car dealer in Russia Rolf are looking for buyers for 100% in the company, Vedomosti daily reported on November 14 citing the founder of the dealer Sergei Petrov.