Russian car ,manufacturer Avtovaz has dumped its chief executive Bo Andersson after the Lada maker reported a record loss following slumping sales.
Russian central bank governor Elvira Nabiullina says the bulk of banking loans in Russia should be in roubles to minimise risks related to currency fluctuations.
The authorities in Moscow have defended their right to demolish small businesses they say are illegal and unsafe. Last week they sent bulldozers to
Russia is enjoying a tourism boom of Chinese visitors who have become the largest group of foreign visitors with numbers more than doubling last year compared with 2014.
Russia's economy contracted by 3.7 percent in 2015 according to the government statistics service in Moscow. They said retail sales fell by 10 percent and capital investment by 8.4 percent.
Russian crude oil exports to Asian countries have increased by almost a quarter this year according to data compiled by Reuters. Sales rose 23
The Russian President Vladimir Putin on his first visit to Iran in eight years has held talks with Supreme Leader Ali Khamenei. Ostensibly for a
Russian President Vladimir Putin, hosting a business forum in Moscow, has told domestic industries they should expand before western sanctions are
Concerning everything Russians want to know about their president’s worldview, once a year, Vladimir Putin accepts their questions, sent through a
Today sees the introduction of the Russian national payment card. The move is a response to global sanctions imposed against Russia by the EU and
The collapse of Russia’s rouble has triggered protests by people trapped in dollar-dominated mortgages. On Sunday, members of the Russian Foreign
Russia’s slide into recession has predictably hit European tourism and luxury goods firm hard. Despite making dramatic reductions and cost-cutting
Russia will dip into its emergency reserve fund to the tune of more than 50 billion dollars to stop its deficit, hit by falling oil prices and a
Ratings agency Moody’s has downgraded Russia’s sovereign rating to below investment grade or junk status, citing the impact from the Ukraine crisis