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Some foreign manufacturers are cutting production of life-saving medications for the Russian market as the rapid devaluation of the ruble and restrictive state pricing policies decimate profit margins, business daily Vedomosti reported Thursday.

Despite dire forecasts for its sanctions-struck economy, Russia has leaped up an unprecedented 30 positions in the World Bank's annual "Doing Business" survey for 2015, the bank said Wednesday.

Russian supermarket operator X5 Retail Group raised its revenue forecast to 17-19 percent this year after posting a 49 percent increase in third-quarter net profit.

With sanctions, oil price falls and the ruble devaluation making Russia's official growth forecasts look increasingly overconfident, the Finance Ministry will draw up contingency measures to shave 10 percent off state spending in 2016 and 2017, business daily Vedomosti reported, citing undisclosed government sources.

Russia's economy grew by 1.1 percent year-on-year in September, compared with zero growth in the previous month, a senior Economy Ministry official said on Monday.

Syria this month applied for the creation of a free trade zone with Russia, Deputy Economic Development Minister Alexei Likhachyov told news agency TASS on Friday.

Russia must create a contingency budget to counter the threat that Western sanctions, economic stagnation and low oil prices will dash the country's hopes of restoring growth in the near term, Finance Minister Anton Siluanov said.

Russia is among several big exporting nations to have broken a pledge to fight corruption in global trade, a report by Transparency International says.

Russia's plans to militarize its Arctic territories gained pace on Wednesday with the opening of a new military base on Wrangel Island, Alexander Gordeyev, a spokesperson for the Eastern Military District told the RIA Novosti news agency.

Finance Minister Anton Siluanov said Wednesday his ministry would hold its first foreign exchange deposit auction in early November.

Russia will impose a temporary ban on fruit and vegetable imports from Ukraine from Wednesday, Russia's agricultural watchdog Rosselkhoznadzor said Tuesday.

Russia's European food import ban on Tuesday will be expanded to include animal fat and meat byproduct imports, Russia's food safety watchdog Rosselkhoznadzor said on Monday, the state-run RIA Novosti news agency reported.

Despite political tension over Ukraine, French business remains committed to exploring the Russian market, with the French-Russian Chamber of Commerce and Industry recently announcing a new project to help French companies start up business in Russia.

Moody's Investors Service cut Russia's sovereign debt rating to 'Baa2' from 'Baa1', becoming the second ratings agency to cut the country's ratings this year, after S&P initiated a downgrade in April.

The Moscow metro on Friday announced an international tender worth more than 130 billion rubles ($3.2 billion) to supply 768 metro cars and service them under a 30-year contract.

Influential business newspaper Vedomosti is facing escalating political pressure amid a new media law that targets its foreign owners and the imminent sale of a major shareholder's stake.

Russia's cheapest apples are expected to roughly double in price by the beginning of next year as Moscow's bans on food imports from Western countries that have sanctioned it over Ukraine drive up inflation, the Izvestia newspaper reported Thursday.

Russia's newly announced foreign exchange deposits will carry a term of one month or longer, a senior Finance Ministry official told Reuters on Wednesday.