finances

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MIR cards accepted throughout Turkey

MIR cards accepted throughout Turkey

Thanks to well-coordinated joint work with Turkish colleagues, Russian tourists can now pay with the MIR cards in almost all hotels in Turkey, the head of Rostourism, Zarina Doguzova said on the sidelines of the St. Petersburg …

German military fund clears last parliamentary hurdle

German military fund clears last parliamentary hurdle

A 100 billion-euro ($107 billion) fund to strengthen the German military cleared its final legislative hurdle on Friday, winning approval from parliament's upper house. The decision clears the way for the government to move ahead …

Russian govt to subsidize advertising Russian brands

Russian govt to subsidize advertising Russian brands

The Russian government has approved allocating subsidies in order to support advertising Russian brands, primarily on television, and it plans to distribute 500 million rubles for this purpose in a pilot mode in 2022, Industry and Trade Minister …

Russian national debt down $2.6 bln YTD

Russian national debt down $2.6 bln YTD

Russia’s foreign debt contracted by $2.6 bln year-to-date, the Accounts Chamber said in its flash report on the budget performance in the first quarter of this year. "The foreign debt of the Russian Federation stood at …

Kazakhstan to return funds illegally taken abroad

Kazakhstan to return funds illegally taken abroad

As ordered by President Kassym-Jomart Tokayev an Interdepartmental Commission led by the Prosecutor General to conduct comprehensive work to return funds illegally taken abroad by Kazakhstani nationals, the Telegram channel Bort No.1 says. …

President of Turkmenistan to ensure food security

President of Turkmenistan to ensure food security

Today, Turkmen President Serdar Berdimuhamedov at a joint meeting of the government and the country's Security Council decided to allocate $300 million to ensure the country's food security, Turkmen television reports. …

Biden signs law on $40-bln aid to Ukraine

Biden signs law on $40-bln aid to Ukraine

US President Joe Biden signed a bill providing Ukraine with $40-bln aid, the White House informs. The law provides for "additional emergency allocations to federal agencies to respond to the situation in Ukraine and to provide …

Russia’s gas revenue may top $100 bln - report

Russia’s gas revenue may top $100 bln - report

Russia may receive a record $100 billion for gas supplies to Europe this year against the backdrop of surging prices for the blue fuel, claims a columnist for the French newspaper Les Echos, citing data from Citi analysts. …

Reebok sells its business in Russia to Turkish retailer

Reebok sells its business in Russia to Turkish retailer

Turkey's online shoe store FLO and an American fitness footwear and clothing manufacturer Reebok have signed a cooperation deal: the new owner now has 100 Reebok stores in Russia. The Russian-Turkish deal's three …

EU to provide additional 500 mln Euro military aid to Ukraine

EU to provide additional 500 mln Euro military aid to Ukraine

EU foreign policy chief Josep Borrell said on Friday the bloc would provide a further 500 millions euros worth of military support to Ukraine and that he was confident a deal could be reached in the coming days to agree an embargo on Russian …

Apple is no longer the world’s most valuable company

Apple is no longer the world’s most valuable company

Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to …