Russia News

Russia Approves Harsher Fines for World Cup Ticket Resellers

8 months ago adcity Comments Off on Russia Approves Harsher Fines for World Cup Ticket Resellers
MT Russian legislators have ruled to increase fines for resellers and counterfeiters of 2018 World Cup tickets to up to 1.5 million rubles ($25,600), amidst a high demand for tickets to the tournament. Russia will host FIFA World Cup games in 11 cities across the country next summer. More than 700,000 tickets have already been allocated Read More

United Kingdom’s Boris Johnson to Warn Russia to Halt ‘Destabilizing Activities’

8 months ago adcity Comments Off on United Kingdom’s Boris Johnson to Warn Russia to Halt ‘Destabilizing Activities’
(Bloomberg) — Boris Johnson will warn Russia to stop “destabilizing activities” which threaten the national security of Britain and its allies, as he makes his first visit to Moscow as foreign secretary. “Our relations with Russia cannot be ‘business as usual’ whilst Russia continues to attempt to destabilize European states, including Ukraine,” Johnson said in an Read More

Russia Is Eyeing Up Saudi Wheat Market Dominated by EU Supplies

8 months ago adcity Comments Off on Russia Is Eyeing Up Saudi Wheat Market Dominated by EU Supplies
Pixabay (Bloomberg) — Moscow is lobbying Saudi Arabia to open its rapidly growing market to Russian wheat, giving it another destination to offload a record harvest and compete with supplies from the European Union. Russian wheat has largely been barred from entering the kingdom for the past decade due to strict bug-damage rules, but the two Read More

Russians Seek Out Greek Properties for Bargains, Visas

8 months ago adcity Comments Off on Russians Seek Out Greek Properties for Bargains, Visas
Pixabay (Bloomberg) — George Kachmazov, a Russian realtor, is buying up property in Athens. The Moscow-based chief executive officer of real-estate platform Tranio.com has bought a building in the Greek capital and is in the process of acquiring five others with a view to selling apartments to international investors.  For Kachmazov, the sales pitch is Read More

Russia’s Top 4 Business Risks in 2018 (Op-ed)

8 months ago adcity Comments Off on Russia’s Top 4 Business Risks in 2018 (Op-ed)
Pixabay / MT Hopes were high a year ago that U.S. President-elect Donald Trump would reverse deteriorating ties between Moscow and Washington. European leaders would follow suit, analysts and politicians in Moscow hoped, and Russia’s status as a friendly business environment — which ruptured after 2014 and Western sanctions — would be restored. In 2017, these Read More

Made in Russia: the Kremlin Wants to Replace Foreign Tech

8 months ago adcity Comments Off on Made in Russia: the Kremlin Wants to Replace Foreign Tech
Yelena Palm / TASS Among the most painful sanctions imposed by the West after Russia’s annexation of Crimea in 2014 has been the ban on selling tech to Russian companies, especially those in the military and energy sectors. The Kremlin has responded by telling Russian companies to develop their own “made in Russia” technological solutions. Read More

There’s Still a Huge Influx of Foreign Cash to Russia

8 months ago adcity Comments Off on There’s Still a Huge Influx of Foreign Cash to Russia
(Bloomberg) — Ultimately, international sanctions and the worst relations with the U.S. since the Cold War did little to deter an influx of foreign cash. Russian companies are set to rack up $2.8 billion in initial public offerings in Moscow and London this year, the most since 2011. In a year when the U.S. toughened penalties against Read More

Russian Tourism Market Recovers to Pre-Crisis Levels

8 months ago adcity Comments Off on Russian Tourism Market Recovers to Pre-Crisis Levels
Pixabay The number of Russians vacationing abroad has recovered and has almost passed its pre-crisis peak. From January to June 17.1 million Russian tourists went abroad, up by 30 percent from last year, the Russian government’s statistics agency reported on Nov. 8. Russian outbound tourist trips peaked at 42.9 million in 2014, before dropping by Read More

Cleaning Up Russia’s Banking Sector Will Take Up to Two Years, Central Banker Says

8 months ago adcity Comments Off on Cleaning Up Russia’s Banking Sector Will Take Up to Two Years, Central Banker Says
Elvira Nabiullina (Sergey Bobylev / TASS) Cleaning up the Russian banking sector is likely to take between one and two years, Elvira Nabiullina, chairwoman of the Central Bank of Russia, was cited as saying by the Vedomosti business daily Nov. 2. Over the last four years, the regulator has revoked the licenses of about 350 lenders, Read More

Iran, Russia Envision Huge Oil Deal on Putin’s Iran Visit

8 months ago adcity Comments Off on Iran, Russia Envision Huge Oil Deal on Putin’s Iran Visit
Vladimir Putin, Hassan Rouhani and Ilham Aliyev at the signing of a declaration on the International North-South Transport Corridor / Kremlin Press Service Russian President Vladimir Putin affirmed his strong support for the multilateral nuclear deal with Iran during his one-day trip to Tehran on Nov. 1, where trilateral talks between Iran, Russia and Azerbaijan Read More