business in Russia

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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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Azerbaijan to open its first trade mission in Russia

Azerbaijan's first trade mission will be opened in Russia in the near future, the deputy head of the Ministry of Economy of Azerbaijan Sahil Babayev said at a meeting with members of the US Chamber of Commerce. …

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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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Russia and Turkey ready to trade in national currencies

Russia is ready to trade with Turkey in rubles and liras, Russian Central Bank reported today. "There are no legal and technical obstacles for residents of Russia and Turkey to trade in national currencies. There is no need to sign a …

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Greek and Bahraini enterprises to appear in Crimea

Crimean Deputy Prime Minister Georgy Muradov said today that a delegation of entrepreneurs from Greece will arrive in the peninsula in the nearest time. ‘’We are expecting a delegation from Greece on Monday-Tuesday,’’ he …

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EU finds sanctions imposed on Rotenberg unjustified

An EU court has partially upheld a complaint from Russian billionaire Arkady Rotenberg against personal sanctions placed on him following the annexation of Crimea.  The court's decision acknowledged that the sanctions against …

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