Finance

The Russian State Duma has approved in the first reading this March, a bill on the gradual decoupling of prices for goods on the domestic market of Russia from global indicators. This means about the possibility of the Russian Federal Antimonopoly Service (FAS) to not take these into account when determining the monopoly high and […]

As geopolitics reshape the contours of physical commerce, digital services remain one area where sovereign countries can engage between each other with relative freedom, during a period where certain nations around the world are erecting new politicized barriers, controlling, restricting, or sanctioning trade in goods like minerals, raw materials, food, through to services, semiconductors and

Russia’s largest lender Sberbank made a record net profit of ₽1.5 trillion (US$16.3 billion) in 2023, as Russia’s financial sector recovers from western sanctions. Sberbank’s IFRS full-year results, published on February 28th 2024, showed a more than fivefold increase in profits on the previous year, primarily achieved through a high level of lending activity. It