Coronavirus Pushes Bank Profits to Record Low
Profits in the Russian banking sector slid to a record low in May, Central Bank chief Elvira Nabiullina said, The...
Economy
U.S. Senate Panel Approves Subpoena Authority in Trump-Russia Probe
A divided Senate Judiciary Committee approved sweeping subpoena power on Thursday for a politically charged congressional probe of an FBI...
Russian Authorities to Allocate Additional $217mn to Support Domestic Developments
The Russian government will allocate additional 15 bln rubles ($217 mln) to support promising domestic developments, in particular projects to...
Crimean Lawmaker Slams EU Sanctions
The European Union’s move to extend sanctions on Crimea highlights the hypocrisy of EU officials because many European investors are...
Russia to Spend $6.2bn on New Economic Measures
The national plan of Russian economy restoration outlines new measures of support to the tune of 430 billion rubles ($6.2...
Kremlin Hoping That New US-Proposed Sanctions Will Not Materialize
The Kremlin is hoping that the new anti-Russian sanctions proposed by the Republicans in the US House of Representatives will...