Hungarian PM Viktor Orban defended his country's close ties with Russia and talked of Hungary’s position in a regional context “in the triangle between Moscow, Berlin and Istanbul” — with no mention of Brussels.
After months of bitter wrangling, the government of Denmark gave the go-head for Russia’s Gazprom to build the Nord Stream 2 pipeline through its territorial waters – the last country on the route between Russia and Germany to grant construction perm
The second tier Russian supermarket chain Lenta has reported its first ever drop in revenues, but the entire industry is going through a rough patch as shopping habits are changing.
Russia’s sanctions on the import of food products from the EU is costing Russian consumers RUB445bn ($7bn) a year, or about $50 a year per head, according to a study by economists at RANEPA and CEFIR.
More dramatic changes in Ukraine’s trade patterns as China overtakes Poland in August to become Ukraine’s biggest export and import partner.
Russia’s largest bank and tech giant wannabe Sberbank has signed a non-binding agreement to acquire a 35% stake in MF Tekhnologii, the owner of a 58.3% voting interest in Mail.ru.
Russia is growing below potential, but the new national projects are designed to change that. While the programme is off to a slow start, Andrey Klepach, chief economist of Vnesheconombank, says quality of life will be transformed.
The Moscow municipal court denied bail to US citizen Michael Calvey, ruling he must remain under house arrest before a trial where he faces charges of embezzlement and fraud.
Officials from Russia, Ukraine and the EU met again on October 28in Brussels to discuss terms for the transit of Russian gas via Ukraine next year, with still no breakthrough in negotiations in sight.
The shares of Russian fourth largest oil producer Surgutneftegaz (Surgut) leaped by a third (31%) in value between October 23 and October 25 and setting a new all time high price record of RUB48 ($0.75), with no apparent catalysts or news flow.
Investors and policymakers finished the International Monetary Fund (IMF), World Bank annual general meetings in October on a more positive note than expected.
Baring Vostok fund managers Michael Calvey and Philippe Delpal have been released to house arrest in a fraud trial, but their three Russian colleagues could spend years in pre-trial detention if they are not released at upcoming hearings.
The board of the Central Bank of Russia (CBR) decided to cut the key interest rate by whopping 50bp (basis points) to 6.5% at its regular monetary policy meeting on October 25, the biggest cut of the year and marking the start of a bolder than expect
Polymetal is hoping to raise green financing for four projects including the construction of a solar power plant and the reduction of water consumption at its deposits which need total investment of $60mn-$70mn within the next three years.
Russia’s biggest foreign-owned utilities company has finally sold its Reftinskaya power station for an undisclosed amount as part of its efforts to “go green” as well as become more profitable.
Russia is ranked 28th in the latest 2019 edition of the World Bank’s Doing Business report, falling just short of the goal set by the President Vladimir Putin to enter the top 20 of the business environment rating.
The weakness in Russian retail sales looks close to bottoming out, but any turnaround will be modest. This is one reason to think that the overall recovery in GDP growth will be weak and that the central bank’s easing cycle is likely to be deeper tha
Russia dominates the trade within the Eurasia Economic Union (EEU). In 2018 trade with Russia accounted for 96.9% of all trade within the Eurasian Union; trade among the four smaller countries accounted for the remaining 3.1%.
With the 30th anniversary of the fall of the Berlin Wall due in November the Pew Research Center has released a report looking at how attitudes to democracy, liberal values and market economies have developed in the last 30 years.
The mild recovery in foot traffic in Moscow’s leading shopping malls extended gains that began at the start of summer, as retail turnover results for all of Russia also picked up in the third quarter of this year.