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    Severstal to Export Chinese Steel to EU to Avoid the Utmost Anti-dumping Tariffs

    By Marina Romanova Russian steelmaker found the way to lower the effect of severe anti-dumping duties levied by the EU on Russian steel in August 2016. According to Vadim Larin, chief executive of Severstal, Russia’s fourth-largest steelmaker, the firm is exporting Chinese cold rolled steel to the European Union instead of Russian one, because EU[…..]

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    Apple Pay to Launch in Russia

    By Marina Romanova 10 Russian financial institutions including VTB 24, Alfa-Bank, Tinkoff Bank and Raiffeisen bank are planning to launch Apple Pay following the market leader, state owned Sberbank, which has launched Apple contactless payment service since last week, Russian media reports. According to the appleinsider.com, at launch, participating retailers include ATAK, Aushan, Azbuka Vkusa,[…..]

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    Eurasian Transport Hub for the Silk Road Economic Belt to be Built in Outskirts of Moscow

    By Marina Romanova Russia and Kazakhstan plan to build a 400,000 TEU international logistic center ‘Central Dry Port’ in Moscow suburbs, Russian daily Kommersant reports. Russian firm Coalco Development and KTZExpress, subsidiary of Kazakhstan’s Railways, signed an agreement on this project on October 5th. The construction site of the logistics hub handling containers passing along[…..]

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    E-learning Market to Grow in Russia

    By Marina Romanova Online education industry, also known as e–learning, is growing fast in Russia, and according to the experts forecast, is expected to grow by 25 percent a year, Russian daily Kommersant reports. Statistics reveal that the world e-learning market is worth around US$107 billion and one of its major markets – Eastern Europe –[…..]

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    Alrosa to Double Diamond Sale to Asia in 2018

    By Marina Romanova A day ahead of the Second Eurasian Economic Forum, Russian PJSC Alrosa, the world’s largest producer of rough diamonds, has open its Eurasian Diamond Centre in Far Eastern port-city of Vladivostok. According to the miner press release, the company wants to boost gem sales to Asia-Pacific nations, including China, India, Japan, and[…..]

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    Russian Art Market to Return to the Health

    By Marina Romanova This summer London’s Russian art sales at four London auction houses – Sotheby’s, Christie’s, Bonhams and MacDougall’s – were the lowest in over a decade in records dating to 2007 at £16.4 million (around US$21.5m), falling short of their £17.7 million (US$23.2m) target, according to the UK and international press. In 2015[…..]

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    Hyundai Motor’s Russia to Ship Cars to Georgia and Tunisia

    By Marina Romanova Hyundai Motor’s Russian plant in St Petersburg will start exporting Russian-assembled cars to Georgia and Tunisia this month, the company said in its statement yesterday. The world’s fifth-biggest automaker will ship the Solaris, its flagship model in Russia, to Tunisia and its Accent and Creta models to Georgia. Creta will also be[…..]

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    Moscow to Restore Ties with Ankara Contrasting Public Opinion

    By Marina Romanova Turkish president Recep Erdogan travels to St. Petersburg on coming Tuesday, August 9th, to meet his Russian counterpart Vladimir Putin to restore two nations’ economic ties being down since Turkish air force dropped Russian Su-24 fighter jet near the Syrian-Turkish border in November 2015. The followed termination of Moscow-Ankara affairs painfully hit[…..]

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    From Russia through Prism of ‘Prisma’

    By Marina Romanova Mail.ru, Russia’s leading LSE-listed Internet company, said Tuesday it had “became an investor in Prisma”, Russian and international media quoted Russian billionaire Alisher Usmanov, the owner of the firm, as saying. The news came out just over a week the new app hit the market. Mail.Ru reportedly bought a 10 percent stake amounts[…..]

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    IKEA to Beat “The Way to Communism” and to Invest US$2.1 BLN in its Russian Malls

    By Marina Romanova The Supreme Court of Russia has affirmed the lower court’s ruling rejecting a claim of an agricultural enterprise, former collective farm “The Way to Communism”, which demanded to demolish two 15 store’s buildings of the “Khimky” business park, belonging to Swedish furniture retailer. Thus the court has settled the claim of IKEA,[…..]

Showing 10 of 149 articles