Russia
MOSCOW BLOG: Russia’s frozen relations with Europe start to thaw
Western sanctions on Russia aren't going to be lifted anytime soon, but new harsh sanctions are increasingly unlikely and room to cut some sort of deal is increasing.
Ukraine joins EU leaders in opposing Russia’s re-admittance to G7
Ukraine’s President Volodymyr Zelenskiy added his voice to those of major European economies in opposing a proposal from US President Donald Trump to allow Russia back into the Group of Seven (G7) advanced economies.
Russia's Mail.ru Group buys YouDrive carsharing start-up
YouDrive Business and YouDrive Pool currently operate a fleet of 2,500 cars to be expanded to 10,000 within a year.
Russia’s slow embrace of recycled plastics
Russian companies have embraced the environmental, social and governance (ESG) metrics because their investors are demanding it. That’s because the public are demanding it. The state and the leading petrochemical companies are looking for solutions.
Russia's Rosneft and finance ministry wrestle over Arctic funding
Russia's finance ministry is insisting that the moratorium on oil and gas extraction support is extended for the Arctic region, while Rosneft pushes through support for its Arctic project Vostok Oil.
Russia's Sberbank to launch biometric payments
Russia's largest bank and digital innovation leader state-controlled Sberbank will test payments with fingerprints and face recognition without the use of payment cards or gadgets, Vedomosti daily reported citing the information of the bank.
LONG READ: Putin's 20 years on the job in numbers
Last week President Vladimir Putin celebrated 20 years in power. bne IntelliNews takes a look at how the country has transformed under his leadership by going through the numbers.
Russia releases French Baring Vostok partner on house arrest
Moscow court released French partner of Baring Vostok Capital Partners Philippe Delpal from pre-trial detention and put him under house arrest on Thursday August 15.
Russian industrial output below expectations at 2.8% growth in July
Russian industrial output growth slowed down to 2.8% year-on-year from 3.3% seen in June, trending below the consensus expectations of 3.4% growth, and showing a seasonally-adjusted month-on-month decline of 0.4%. In January-July overall industry exp
Russia’s LNG production soaring in 2019
Russia has kept is oil and gas production capped in keeping with the terms of the OPEC+ deal, but the production of LNG has soared in the last year, as the Kremlin hopes to turn gas into a commodity that can be sold anywhere.
Has the Kremlin already scuppered Russia's next generation high speed 5G mobile phone network before it has been built?
Has the Kremlin already scuppered the launch of the next generation high speed 5G mobile phone network before it has been built? Some industry participants think so after the Russian government assigned a a little used frequency band for the system t
MOSCOW BLOG: Putin is a victim of his own success
The very prosperity that Russian President Vladimir Putin ushered in is fuelling the current protests as Muscovites demand more of a say in local government.
Russian sanctions fifth anniversary, but no reason to celebrate
This summer mark the fifth anniversary of Western sanctions against Russia. But taking a quick look at Russian economic and financial sector indicators and you'd wonder if the sanctions are still in place.
Russian watchdog proposes to privatise Aeroflot's lowcoster Pobeda
Russia's Federal Antimonopoly Service (FAS) has proposed the privatisation of the budget airline Pobeda, part of the national air carrier Aeroflot Group, and let it concentrate on domestic routes to bring prices down
The Kremlin’s attempts to control the internet threaten Russia’s most vibrant sector
With social unrest on the rise in Russia, the Kremlin is trying to increase its control over internet content. That will hurt what is the most vibrant part of Russia's economy and home to some of its best companies.
Dostavista, the leading crowdsourced same-day delivery service, secures $15mn in series B funding
Dostavista, Russia’s leading crowd-sourced same-day delivery service operating globally, has raised $15m in a Series B funding round led by Vostok New Ventures, as well as other existing investors Flashpoint and Addventure
TV losing its power to influence as a news source in Russia
TV used to be the main source of power in Russia, but unlike China, the internet is open and younger people get the majority of their news and information online. The state has belatedly woken up to the need to control online content
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Russia records slightly improved but still weak GDP growth of 0.9% in 2Q19
The 0.9% GDP growth in the second quarter of this year was an improvement on the soggy 0.5% in the first quarter.
Booming Russian OFZ sales put on pause in July
After dramatically bouncing back this year from a nasty sanction-inspired sell-off last year, it appears that investors into Russian Ministry of Finance ruble-denominated OFZ treasury bills have taken a pause.
Moscow sees biggest protest rally since 2011 as Kremlin's brutal police tactics backfire
An estimated 60,000 people turned out for the fourth in a series of weekend protests in central Moscow on August 10, a number too large for the Kremlin to ignore.