business in Russia

Russia extends timeline for capital amnesty

Russia's State Duma has passed in third and final reading a package of bills extending the timeline for capital amnesty in Russia until February 28 of 2019. The bills are related to an initiative of Russian President …

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Russia makes business reputation requirements tougher

Russia introduced a law that increases the number of business reputation requirements for owners and heads of financial organizations, as well as toughens penalties for violation of these requirements. From now on there will be unified …

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China refuses to buy Russia's Polyus

Russia's top gold miner Polyus said that plans to sell a 10% stake to a consortium led by China's Fosun International had been dropped after one of the conditions of the agreement was not met. "After the condition precedent …

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VostokCoal and OTECO hub to be new leader in PCI supply

OTECO and VostokCoal created a global hub in the Taman port aimed to supply blended coals for pulverized coal injection (PCI) to the world market, according to the official website of the VostokCoal management company. Blended …

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How does 2018 start?

New Year in Russia starts with a lot of positive changes in the social sphere, related primarily to various federal payments to individual groups of citizens. The most important innovation of 2018 is the introduction of benefits for the first …

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Russia to extend offshore wealth amnesty

Russian President Vladimir Putin ordered to extend the amnesty for de-offshorization of capitals and their return to Russia at the meeting with business leaders, head of Russian business association 'Opora Rossii' Alexander …

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State prosecution: Ulyukayev’s guilt proven

The state prosecution believes that the guilt of the former economic development minister, Alexey Ulyukayev, in extorting $2 million from the head of the oil company Rosneft Igor Sechin has been fully proven in …

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Voronezh hosting Russian-Turkish business forum

About 20 Turkish companies will take part in the regional Russian-Turkish business forum, which opened in Voronezh today. The event is held by the Chamber of Commerce and Industry of the Russian Federation, the Russian Trade Mission in …

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Russian and Azerbaijani businessmen to meet in Baku

A business meeting between Azerbaijani and Russian businessmen will be held in the Baku Business Center on November 16, the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said in a message. The meeting was organized …

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Russia improves its position in Doing Business rating

Russia has moved up to 35th place from the 40th in the Doing Business-2018 rating, which is annually prepared by one of the World Bank's divisions, the country's Economic Development Minister Maxim Oreshkin said at a …

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Russia's Gazprom ranks first in global power rating

Russia's Gazprom snagged the number 1 spot in the 2017 S&P Global Platts Top 250 Global Energy Company Rankings, ending U.S. oil and gas giant ExxonMobil's 12-year reign at the top of the list  Germany's E.ON …

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Russian companies pulling in less money

Russia's largest companies increased their incomes last year three times slower than a year earlier, according to the RBC 500 rating. The rating's participants increased their revenues by 4.2% in 2016, although a year …

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Russian billionaires increase capital

The total capital of 28 Russian dollar billionaires increased by $17.09 bln in January-August period of this year, according to the updated Bloomberg Billionaires Index, TASS reports. Aleksei Mordashov, the main shareholder of …

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