business in Russia

page 6

Russia's Gazprom ranks first in global power rating

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 …

Russian companies pulling in less money

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 …

Russian billionaires increase capital

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 …

Russian industrialists want strong ruble

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 …

Yandex and Uber to combine ride-hailing in Russia and beyond

Yandex and Uber to combine ride-hailing in Russia and beyond

Yandex.Taxi and Uber will combine their businesses in Russia, Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan. According to the report from Yandex, both Yandex.Taxi and Uber app will operate as before, driver apps, on the other …

Russians support state control of food prices

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. …

Putin: groundwork of Russian-US cooperation collapsed

Putin: groundwork of Russian-US cooperation collapsed

We saw the collapse of the groundwork of Russian-US cooperation, Russian President Vladimir Putin said at the SPIEF-2017 panel session Russia-US Business Dialogue. "Over the several past years we saw the …

Crimean winery ‘Massandra’ to produce champagne

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 …

Export duty for Russian oil increases

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 …

 Russia is priority of Azerbaijan's export

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, …

Azerbaijan to open its first trade mission in Russia

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. …

Glencore and QIA announce Rosneft deal closed

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 …

Russia and Turkey ready to trade in national currencies

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 …