News

Parallel import means importation of original goods, says ministry
The list of products will be defined on the basis of proposals of relevant federal executive authorities, the Russian Industry and Trade Ministry noted, adding that products necessary "for saturating the consumer market" will be put on the list.
Business in Russia
Drop-out orders for Russian oil will be replaced by contracts with Asian states — Kremlin
The world market is much more multifaceted than only the European one, Kremlin spokesman Dmitry Peskov pointed out.
Business in Russia
US Treasury authorized US persons to make transactions for diplomatic missions in Russia
At the same time, exportation, reexportation, sale, or supply, directly or indirectly of dollar-denominated banknotes to the Russian government remains banned.
Business in Russia
Google confirms restricted access to its news service in Russia
We’ve confirmed that some people are having difficulty accessing the Google News app and website in Russia and that this is not due to any technical issues on our end, Reuters quoted Google as saying.
Business in Russia
Several foreign carmakers confirm plans to resume operation in Russia — minister
It was also noted that a lot of foreign trade enterprises that suspended their activities in Russia did not submit applications for a complete withdrawal from the Russian market.
Business in Russia
S&P to withdraw all of its ratings on Russian entities until April 15
On March 15, the EU announced a ban on providing credit ratings to legal persons, entities, or bodies established in Russia.
Business in Russia
Margin of safety of Russia’s economy enough to ensure growth amid sanctions - minister
Russian Minister of Economic Development Maxim Reshetnikov noted that expectations that "everything will fall into pieces" are not true.
Business in Russia
Bank of Russia keeps its key rate at 20% per annum
Moving forward, in its key rate decision-making the regulator will take into account actual and expected inflation movements, as well as risks posed by domestic and external conditions and the reaction of financial markets.
Business in Russia
Western nations agree to disconnect Russian banks from SWIFT
The United Kingdom, Germany, Italy, Canada, the United States, France and the European Commission agreed to impose new "tough financial sanctions" on Russia.
Business in Russia
Russian top diplomat points to declining trust in dollar worldwide
Saudi Arabia already wants to trade in yuan, not in dollars, Sergey Lavrov noted.
Business in Russia