business in Russia

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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Russian industrialists want strong ruble

Most (66%) of the Russian industry sector believes that strengthening of the ruble will have a positive impact on their work, annual study of the international consulting company Deloitte shows. According to vice-president of the …

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Russians support state control of food prices

Vast majority of Russians believe that only the state should establish and regulate food prices, annual issue of "Russian Monitoring of Economic Situation and Population Health", conducted by the Higher School of Economics, says. …

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Crimean winery ‘Massandra’ to produce champagne

The largest winery enterprise of Crimea, ‘Massandra’, this year will start producing champagne for the first time, the according message appeared on the official page of the winery on Facebook on Sunday. ‘’The …

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Export duty for Russian oil increases

The export duty for Russian oil has increased by $10.4 to $89.5 on February 1 from $79.1 per ton, the Russian Ministry of Economic Development said. The export duty for heavy oil has grown from $12 per ton in January to $13.9 per ton …

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 Russia is priority of Azerbaijan's export

Azerbaijan highly appreciates the level of trade and economic relations with Russia and plans to increase them in the future, the head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), Rufat Mammadov, said, …

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Glencore and QIA announce Rosneft deal closed

The consortium of Glencore plc, the London-listed commodities trading and mining company, and Qatar Investment Authority (QIA) closed the deal of buying out Russian state-run oil company Rosneft’s 19.5% stake, Glencore said in a …

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