The Russian tech giant Yandex is taking on Russia’s supermarket chains by offering super-fast delivery service that promises to get groceries to your door in under 15 minutes.
Investment into Russia’s real estate sector surged in 2019 as the market finally turned the corner and brought the crisis years to a close.
After receiving a $40mn capital injection last year, Russian online video company ivi.ru has plans to go public.
Dmitry Golovin, who leads the Moscow IT Department’s video surveillance division, has revealed during a forum called Security Technologies that 105,000 of the city’s security cameras are connected to a facial recognition system.
Masha Drokova once kissed Putin when she was a leader of “Nashi,” a pro-government Russian youth movement. Now she is a darling of VC funds in Silicon Valley
Russian state spending significantly accelerated in January, fulfilling the unusually high proportion of annual spending plan for that month as the government plays catch up with the national projects
International investors used to worry about geopolitical Russia risk, but the fiscal fortress Putin has built now makes Russia's capital markets look like a safe haven.
Revolut has just completed another round of financing and raised $500mn to fund further expansion, bringing its overall valuation to $6bn.
The West has lost the initiative to illiberal powers like China and Russia that are now acting on their own, according to the "Westlessness" report produced ahead of the Munich Security Summit.
The case against US citizen and fund manager Michael Calvey and his five colleagues may be over soon, but end in convictions and short prison sentences.
After a very strong rally Russia’s stock markets have been hit by fears of a global coronavirus epidemic and collapsing oil price. The market has given up all its gains, but not so the utilities sector which is up 16% YTD.
Sanctions placed on companies belonging to magnate appear based on a short, flimsy error-strewn memo, full of hearsay and almost entirely dependent on unreliable press reports.
Independent pollster Levada Center finds confidence rating in Russian leader has almost halved in past two years to 35%. But his personal popularity remains at an impressive 68%.
Russia’s weekly inflation remained at 0.1% week-on-week on the week of February 10, with the daily inflation slowing to 0.01% after an acceleration over the first few days in February, according to Rosstat statistics agency.
Warns Turkey will strike its Russian-backed forces if from now on even one Turkish soldier suffers “the smallest injury”.
Prime Minister Mikhail Mishustin has been cleared of corruption charges after his former employer UFG Private Equity revealed he had made $35mn while working for the fund as a senior executive between 2008 and 2010.
A Moscow court extended the house arrest of US citizen and famous Russian fund manager Michael Calvey until May 13 on February 10.
The Central Bank of Russia (CBR) has switched tactics from running a prudent monetary policy to a more aggressive attempt to stimulate economic growth following its February 7 decision to shave another 25bp off the key monetary policy rate to 6%
Russia’s consumer price inflation in January 2020 stood at 2.4% year-on-year, Sberbank CIB estimated on February 7 based on official estimate of 0.4% month-on-month inflation for the reporting month.