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Russia's second-biggest food retailer X5 Retail Group reported a 23.1-percent year-on-year rise in sales in the third quarter.

The State Duma on Wednesday passed in its first reading a widely criticized bill known unofficially as the "Rotenberg law," which seeks to provide financial compensation to Russian companies and citizens hit by Western sanctions over Russia's role in the Ukraine crisis, news site Gazeta.ru reported.

Having already sunk more than 4 billion rubles ($100 million) into the development of its Era-Glonass emergency response system, the Russian government is looking to domestic firms for funding as Russia's budget tightens, business daily Kommersant reported Wednesday.

Serbia has asked Russia for a free-trade regime for certain classes of goods, news agency TASS reported Tuesday, citing Russian Energy Minister Alexander Novak.

Russian Finance Minister Anton Siluanov says that Russia will not be able to afford its current level of military spending in the long term, as an economic slowdown amid declining oil prices and Western sanctions forces Moscow to drastically alter the expected funding environment.

  MOSCA\ nflash\ - La scorsa settimana, l’Ambasciata d’Italia a Mosca ha ospitato Giovanni Bazoli, Presidente del Consiglio di Sorveglianza del gruppo bancario Intesa Sanpaolo, che ha presentato il suo ultimo libro “Mercato e disuguaglianza”. Nel volume, Bazoli, già autore di numerose pubblicazioni sui temi dell’economia e dell’etica, affronta le sfide ...

Raiffeisen and SocGen seek to replace funding from parent groups

Raiffeisen and SocGen seek to replace funding from parent groups

The U.S. has cut Russia out of a trade program that allows developing countries to pay zero or reduced tariffs on the import of up to 5,000 products, the White House announced late last week.

Fishing vessels built or modernized in foreign shipyards and uncleared by Russian customs authorities may be banned from fishing in Russia's waters, providing a potential boost for the domestic shipbuilding sector.

The government will not stimulate Russia's faltering economy by increasing spending, but will support major companies and infrastructure development through injections of state capital.

Russia remains committed to developing an open, market economy, President Vladimir Putin said on Thursday, addressing the VTB Russia Calling investment conference. P { margin-bottom: 0.08in; }A:link { }

Russia's Central Bank will introduce seven-day and 28-day foreign currency repo auctions within a few weeks, the bank's governor Elvira Nabiullina said Thursday.

Russian wheat has made a surprise early exit from key global export markets, despite the country's near-record crop, after domestic prices rose in the fall-out from the Ukraine crisis.

Toyota Motor Corp expects to keep its sales in Russia at last year's levels despite a market slump there, helped by its focus on more downturn-resistant higher-end vehicles, a senior official said.

P { margin-bottom: 0.08in; }A:link { } An EU-Ukraine trade deal at the centre of tensions between Russia and the West can only be changed by Brussels and Kiev, the head of the European Commission told Russia's President Vladimir Putin in a letter on Wednesday. ...

Restrictions on capital and currency movements would be "absolutely unacceptable," Russian Finance Minister Anton Siluanov said Wednesday.

Rule would allow apply to any foreign-owned assets on Russian territory

Russia's economy will fail to grow at all in 2014 and inflation will reach a four-year high, a poll of economists showed Tuesday, as Western sanctions over Ukraine bite.

The European Commission on Tuesday announced a new set of measures, worth up to 165 million euros, to help fruit and vegetable producers hit by a Russian ban on agricultural imports.

German Chancellor Angela Merkel has there are good reasons to continue the EU's energy partnership with Russia for the time being but that might change if Moscow continues to violate basic principles.