News

Russian hotels lose 60% of sales in October
In September, sales were 41% below last year's level.
Business in Russia
Russia’s crude oil exports drop 8% in January-August
Russia’s crude oil exports dropped by 7.9 percent year over year in the period January to August, according to Russian federal customs data cited by local cargo analytics outlet SeaNews.
Business in Russia
Russian investment fund submits application for accelerated approval of Sputnik V to WHO
The Russian Federation has become one of the first countries to apply to WHO for prequalification of its vaccine against the novel coronavirus infection.
Business in Russia
Putin instructs cabinet to develop cost overrun risk criteria for regions for 2021
The order was given following the assessment of costs of implementing measures to overcome the consequences caused by the spread of the new coronavirus infection and their impact on the budgets of the regions.
Business in Russia
Bank of Russia keeps key rate at 4.25% for the second time in a row
The recovery growth of the Russian economy is slowing down amid a decline in domestic demand and the worsening of epidemiological situation, the Central Bank said.
Business in Russia
Putin calls on businesses to abide by anti-coronavirus rules to avoid restrictions
Putin assured them that "the government thoroughly evaluates everything ongoing in certain sectors amidst the pandemic".
Business in Russia
Aeroflot is consulting with diplomats on further actions in smuggling case
The airline’s spokeswoman Yulia Spivakova noted that the published list of citizens who were charged contains neither former nor current employees of Aeroflot.
Business in Russia
COVID-19 vaccine plans may stimulate optimism on oil market, says Russian Energy Minister
OPEC+ member-states should continue honoring their commitments in full scope because the market is still unstable, the Minister said.
Business in Russia
Russian investment climate needs further improvement, Kremlin says
The Kremlin spokesman has commented on the research prepared by Ernst & Young on problems foreign companies face in Russia.
Business in Russia
Anti-coronavirus capacity utilization of companies is 50-80% at present, says minister
The government has earlier introduced a temporary ban on export of non-woven materials and for individual kinds of personal protective equipment, masks and coveralls from the territory of the Eurasian Economic Union in order to be protected against ‘resource scarcity’.
Business in Russia