News

Sber profitability in 2023 may reach pre-crisis level
According to the latest financial report from the bank, net profit of Sber for 2022 under IFRS decreased by 78% and reached 270.5 bln rubles.
Business in Russia
Russian food exporters to showcase their products in India March 14-18
Over 300 B2B meetings are planned within the mission's program.
Business in Russia
Lavrov invites OIC delegations to take part in international economic forum
KazanForum to be held for the 14th time in May 2023.
Business in Russia
Russia signs memorandum on development of coal energy sector in Afghanistan
Russian Ambassador to Afghanistan Dmitry Zhirnov noted that Russian pipe producers are ready to join the construction of the Afghan part of the gas pipeline from Turkmenistan to Pakistan and India.
Business in Russia
Gazprom Neft buys out Shell's stake in Salym Petroleum Development
Shell and Gazprom Neft signed the relevant documents in December, but the deal required the approval of the Russian authorities.
Business in Russia
VTB to start purchasing gold bars from clients in Q2
It is noted that only bars that were deposited by clients in the bank are eligible for the buyback.
Business in Russia
Final GDP figures of 2022 to be better than preliminary estimates
Earlier on Friday, the Bank of Russia informed that GDP dropped by 2.5% as of the end of the last year.
Business in Russia
Russia to cut oil output by 500,000 bpd from current production levels
Alexander Novak's representative underlined that the production cut will only affect oil, excluding gas condensate.
Business in Russia
Talks on agricultural exports from Russia stalled
According to another source, certain progress on these issues was reached at the end of last year but stopped in January.
Business in Russia
Russia’s budget deficit may reach $24.61 bln in January
"According to preliminary estimates, the volume of federal budget revenues in January 2023 amounted to 1.356 trillion rubles, which is 35% lower than the volume of revenues in January 2022," the Ministry of Finance says.
Business in Russia