Muscovites Forced to Take Low-paid Jobs amid Lockdown: Report
The official unemployment rate in Moscow has risen more than 50% over the past three weeks, with more and more citizens of...
Economy
Russia Losing $1.34bn a Day Due to Pandemic: Minister
Russian economy is losing about 100 billion rubles ($1.34 billion) a day due to restrictions imposed to contain the new...
Bank of Russia Cuts Key Rate, Predicts 4-6% Drop in GDP This Year
The Bank of Russia reduced the key rate by 50 basis points at once for the first time since October...
Gazprom Arena Expects Compensation From UEFA for Postponed Championship
One of the biggest stadiums in Russia, St Petersburg’s Gazprom Arena, expects to receive compensation from the Union of European...
Moldova’s Constitutional Court Stops $215mn Russian Loan
A $217-million loan recently issued by Russia to Moldova has become the cause of political controversy in the Balkan country,...
Delivery Service SberMarket Sees Five-fold Jump in Q1 Turnover amid Pandemic
Russian nationwide food and necessities delivery service SberMarket has unveiled its 1Q20 performance figures, which show the company's turnover increased...