News

Russia’s top bank expects country’s digital economy to reach $1.1 trillion by 2025.

The Russian president put digital economy on the list of main goals of the country’s strategic development until 2025.

Russia to become one of leaders in global agriculture in coming years.

Russia's exports of agricultural produce and foods surged 16-folds as compared to 2000, according to the president Putin.

Rosatom to continue supplying equipment to European Organization for Nuclear Research despite Russia’s refusal to be a member.

Rosatom would continue to cooperate with the European Organization for Nuclear Research if requested.

Sberbank takes lead in capitalization among banks of continental Europe.

Sberbank is the main creditor of the Russian economy and holds the largest share on the deposit market.

Russia may introduce tax free system by World Cup in all cities hosting event.

On February 12, Russian Prime Minister Dmitry Medvedev signed a decree on introducing a tax free shopping pilot program at airports in four Russian regions.

Bank of Russia may switch to neutral monetary policy more quickly.

The existing balance of risks suggests the possibility of a faster transition from moderately tight to neutral monetary policy.

Russia's Orgkhim Biochemical invest US$50m to build facility in Johor.

Norman Process Oils Malaysia Plant Sdn Bhd, a subsidiary of Orgkhim Biochemical Holding from Russia, is building a US$50 million (RM197.84 million) facility at Tanjung Langsat, Pasir Gudang to manufacture petroleum-based extender oils used in tires, synthetic rubbers and rubber compounds.

Russian Finance Ministry does not plan to impose tax on currency transactions More: http://tass.com/economy/988513

The Russian Finance Ministry does not plan to introduce taxation of currency exchange operations, Deputy Minister Ilya Trunin told reporters on Monday.

Japan to present plan for modernizing Vladivostok’s infrastructure to Russia.

The Japanese government plans to present to Russia a plan to modernize Vladivostok’s urban infrastructure with the use of Japanese technologies, including improving traffic flow, rebuilding tourist facilities and developing areas around railway stations. 

Russia-Thailand Travel Club opens in Bangkok.

The Russia-Thailand Travel Club is expected to become a platform for tourism cooperation between the two countries.