Some Russian employees are expected to go to work in temperatures further below freezing than in any other part of the world, according to a study by Crystal Ski Holidays.
How much damage will the February 14 arrest of US fund manager Michael Calvey on “large-scale embezzlement” charges do to Russia's investment case?
On February 13-14, the “Ministerial to Promote a Future of Peace and Security in the Middle East” conference was held in Warsaw at the initiative of Poland and the United States, and gathered representatives from 62 countries.
Local reports say detention relates to theft of 2.5bn rubles. His unsettling arrest a hard blow to fragile investment scene. Russian sovereign wealth fund chief says he would vouch for him.
Gazprom might construct a Turk Stream 2 gas pipeline if there is sufficient demand and the company receives all the necessary approvals, says Gazprom CEO Alexey Miller.
Moscow-based grocery delivery service Golama has attracted 150mn ruble (approximately $2.3mn) in equity funding from an unnamed individual investor, according to media reports, reports East-West Digital News (EWDN).
Sanctions are back. There were four rounds of sanctions in 2018 that clearly did a lot of damage to Russia’s business and investment case, but ultimately they failed to produce their advertised goal: force the Kremlin to change its aggressive ways.
While Facebook and Twitter are being exposed to administrative charges for non-compliance with Russia’s data localization law, Apple Inc. detailed the user data it is storing in Russia
The media arm of Russia’s gas giant, Gazprom-Media, Russia’s largest Russian media holding, has led a $2mn funding round for Catery
Russians spent some $1.66bn on games in 2018, according to Newzoo. Ranking 11th in the research firm’s global ranking, Russia is ahead of Brazil and Mexico ($1.45bn and $1.58bn, respectively), but behind Italy and Spain ($2.17bn and $2.20bn).
The business daily reports that Google has even reached an agreement with Roskomnadzor to receive an updated list of banned websites daily before deleting some of its links to those sites following additional research.
After a terrible year in 2018 sentiment towards emerging markets, and Russia in particular, seems to be turning more positive after EM bonds funds had their second best week on record in terms of inflows, and equities also attracted new money.
We suspect that the sharp slowdown in Russia’s manufacturing sector in the second half of 2018 was due to a fall in public spending on military and railway transport. If we’re right, manufacturing should recover in 2019
Russia’s Deputy Minister of Production and Trade Victor Evtukhov made upbeat comments on the rollout of smaller retail formats as part of the government drive to encourage the growth of SMEs.
Russia's current account surplus of $11.8bn for January is in line with our expectations. This, combined with a benign external environment, reinforces our constructive short-term view on RUB. But there may be some weakness in 2Q19
Russia’s inflation ended 2018 above the Central Bank of Russia (CBR) target of 4% as prices surged at the very end of the year. Inflation ended 2018 at 4.3%, jumping from 3.4% in November. However, inflation should end 2019 at 4.7%
Warsaw's hopes of stopping the Nord Stream 2 gas pipeline were dashed, as Germany and France pushed through a compromise wording of amendments to EU’s gas market rules that will result in the weakening of the bloc’s joint control.
Igor Sechin says the deal is a strategic threat and plays into the hands of the US.
Russia has now returned to a hat trick of investment grades from the leading ratings agencies.
Analysts are divided over where inflation will go in 2019 and hence if the Central Bank of Russia will return to its monetary easing or tighten again.