Russia

Russia's banking sector profits reach four-year peak

bne IntelliNews December 18, 2018

Russia’s banking sector recovery is well underway with the sector earning more in the first eleven months of this year than it earned in the last three full years.

Russia's industrial output moderates in November, manufacturing slows down

bne IntelliNews December 18, 2018

Russia's industrial output moderated in November to 2.4% year-on-year growth from 3.7% y/y seen in October, Rosstat reported on December 18.

Russia's domestic e-commerce market up by 19% in 2018

bne IntelliNews December 18, 2018

Russia's e-commerce market in 2018 could reach RUB1.5 trillion ($22.8bn), according to the estimates by Data Insight cited by Vedomosti daily on December 17. Sales in Russian online stores are expected to increase by 19% to RUB1.15 trillion

Russia’s major corporates undergoing a digital transformation

bne IntelliNews December 18, 2018

Everyone is on board. Digitisation has been made a top priority of the government that has already transformed the tax service so that a cosmonaut paid his taxes from space last year. Russia's economy is going online.

Russians spend a third of their income on food

bne IntelliNews December 17, 2018

The share of food spending has decreased from 55% two years ago as domestic products have replaced expensive foreign imports.

Russia's Gazprom to acquire $1.8bn HQ in St Petersburg

bne IntelliNews December 17, 2018

The Russian natural gas giant is reportedly acquiring its Lakhta centre headquarters in St Petersburg from its oil arm Gazprom Neft for RUB120bn.

Russia's central bank hikes policy rate 25bp to 7.75% in cautious move

Ben Aris in Berlin, Vadim Dumes in Paris December 14, 2018

Closely watched monetary policy meeting results in second increase this year. “Proactive” decision “aimed at limiting inflation risks that remain elevated”.

VOX: Smaller Russian equity market pie, but bigger pieces

Ben Aris in Moscow December 14, 2018

Interest in Russian equities is picking up again as the economy recovers and earnings rise again, but the number of brokers is shrinking. The pie is getting smaller, but the pieces left have to be shared with fewer people.

EU tries to pressurise Putin into prisoner swap for Sentsov

Jason Corcoran in Strasbourg December 14, 2018

The European Parliament is ramping up the pressure on Russian President Vladimir Putin to arrange a prisoner swap for Oleg Sentsov following the Ukrainian film director’s award of the prestigious 2018 Sakharov Prize for human rights.

Russia's GDP posts 1.5% growth in 3Q18

bne IntelliNews December 14, 2018

Russian statistics agency Rosstat has revised the flash estimate of GDP growth in 3Q18 from previous 1.3% y/y to 1.5% y/y. The GDP breakdown by industry showed that the financial sector, trade, transportation, and extraction are driving growth

COMMENT: Timothy Ash trip notes from Kyiv: elections headed for a Tymoshenko win and no war with Russia

Tim Ash of BlueBay Asset Management December 13, 2018

I visited Kyiv this week, meeting with, politicians, diplomats, journalists and members of the business community. Obviously a large part of the focus was on looming presidential elections.

Russians buy half of their consumer goods online

bne IntelliNews December 12, 2018

Recent studies show that online shopping has become a habit, and internet penetration is high, even among the older population.

Russian retail magnate Gutseriev and Belarusian partner invest into face filter app Banuba

EWDN in Moscow December 12, 2018

Larnabel Ventures, a company founded by Russian billionaire retail magnate Said Gutseriev, and VP Capital, a venture fund backed by Belarusian businessman Viktor Prokopenya, have teamed up to invest $7mn in Banuba

Russia’s Tretyakov Gallery to digitise its famous art collection and put on a blockchain

EWDN in Moscow December 12, 2018

The Tretyakov Gallery, a leading Moscow museum that exhibits more than 190,000 works by modern and contemporary Russian artists, has decided to use blockchain to attract private capital for the digitization of its collection, reports East-West Digita

Russia’s Facebook, Odnoklassniki, launches marketplace in Kazakhstan

EWDN in Moscow December 12, 2018

Russia’s Facebook, Odnoklassniki, has launched an online marketplace in Kazakhstan

Russian retail magnate Gutseriev and Belarusian partner invest into face filter app Banuba

EWDN in Moscow December 12, 2018

Larnabel Ventures, a company founded by Russian billionaire retail magnate Said Gutseriev, and VP Capital, a venture fund backed by Belarusian businessman Viktor Prokopenya, have teamed up to invest $7mn in Banuba

Srbijagas to borrow €70mn for TurkStream, as Bulgarian opposition seeks to halt project

bne IntelliNews December 11, 2018

The second line of the Turkish Stream pipeline that will deliver Russian gas via Turkey to Europe, bypassing Ukraine, will span Bulgaria and Serbia starting from 2020.

Russia's reserves, National Welfare Fund are high, but dip slightly in last months of 2019

bne IntelliNews December 11, 2018

Russia’s gross international reserves fell slightly as of the end of November to $379.2bn from this year’s peak of $383.4bn set in September, but the sovereign rainy day fund, the National Welfare Fund, fell more heavily.

Plastics in the snow: Sibur takes the lead in Russia's burgeoning petrochemical sector

Ben Aris in Tobolsk December 11, 2018

Global top ten petrochemicals company Sibur has spent $9bn on a new facility that will treble its output and double its revenues. Despite its controversial shareholders the firm is ripe for IPO.

KYIV BLOG: Is Russia about to invade Ukraine?

Ben Aris in Berlin December 11, 2018

Reports are swirling that Russia is massing troops on the Ukrainian border and is about to invade – again.

Dismiss