Business and finance

Russia’s World Cup Will Pay Off. Just Not Today (Op-ed)

12 hours ago 7ring 0
A ruble for every kopeck? Francois Lenoir / Reuters With a price tag of around $50 billion, headlines in the run-up to the Sochi Winter Olympics in 2014 were quick to dub them “the most expensive Games ever.” The World Cup also comes with a big bill — and criticism.  The Russian government has earmarked Read More

Leased labour – how great the change since the new Federal Law 116-FZ?

1 week ago 7ring 0
Leased labour and temporary staffing in various forms and under different names (leasing, outstaffing and rent of the personnel) were commonly used in Russia since late 90s. This kind of services was much in demand especially among international businesses operating in Russia. However it was not set out in a legal framework, duties and responsibilities Read More

Russian education is enjoying an investment boom

1 week ago 7ring 0
On the British Teachers Coming Work in Moscow Russian education is going through an investment boom. Every year, new private schools are opened, many offering an education in English leading to an international diploma. And following the investment are the teachers from the English speaking world to provide that education. Russians have traditionally been proud Read More

Russia Tightens Oil Grip in Top Market China

1 week ago 7ring 0
(Bloomberg) — A second Sino-Russian oil pipeline began operations on New Year’s Day, doubling China’s capacity to import crude from the East Siberia-Pacific Ocean system. China can now import 30 million tons annually (about 600,000 barrels a day) of Russian ESPO crude via pipeline, up from 15 million tons before the second branch opened, the official Xinhua News Read More

Russia Posts Highest-Ever Natural Gas Output in Expansion Drive

1 week ago 7ring 0
(Bloomberg) — Russia registered its highest-ever natural gas production last year amid plans to expand into China and boost sales of liquefied natural gas. The nation’s output of the fuel jumped 7.9 percent to 690.5 billion cubic meters, according to data emailed Tuesday by the Russian Energy Ministry’s CDU-TEK unit. That beat the previous record, set Read More

India to Pay $197 Mln for Russian-Made Precision Bombs

1 week ago 7ring 0
India’s Ministry of Defense has approved almost $200 million for the purchase of 240 Russian precision bombs. India is one of Russia’s largest arms buyers as New Delhi is forecast to spend a quarter-trillion U.S. dollars on upgrading its military over the next decade. Russia’s overall trade with India has increased by more than 15 percent Read More

The Specter of Kaspersky Looms Over Russian Cybersecurity Firms

1 week ago 7ring 0
How the controversy embroiling Kaspersky Lab could spoil its competitors’ chances abroad Ilya Kutoboy Garry Kondakov speaks quickly, especially when he is upbeat. So when he says that business is good and that there seems to be no end in sight to his company’s growth, his words spill out at an ever faster clip. Kondakov Read More

BUD Boat returns to the Moscow river

1 week ago 7ring 0
The unique barge of the official sponsor – the BUD brand, which became one of the most memorable activities of the FIFA Confederations Cup 2017, will return to the water area of the Moskva River for the period of the 2018 FIFA World Cup™, with a new design and to bring elite guests euphoric energy Read More

Russia’s Economic Recovery Remains a Challenge

1 week ago 7ring 0
Putin’s choice of economic model in 2018 will set Russia’s course for the next decade Kremlin Press Service Russia is starting to look like a normal country and 2018 will take it another few steps toward putting its emerging market status behind it. Having climbed out of a two-year recession in 2017, Russia is still far from the blistering 6-8 percent annual growth of the Read More