Russia News

Russia’s Optimistic GDP Projections Fall Shy of Targets

8 months ago kakp2 Comments Off on Russia’s Optimistic GDP Projections Fall Shy of Targets
Russia’s GDP is expected to grow by 1.9 percent in 2017 and 2018 in the latest outlook published by the Organisation of Economic Cooperation and Development (OECD) on Nov. 28. The OECD’s optimistic forecast is almost in line with 2-2.1 percent official government’s target, which was recently undermined by the disappointing third-quarter GDP numbers and industrial Read More

Russia’s Maverick Tech Prodigy Durov Says His $5 Billion App Telegram Can’t Be Bought

8 months ago kakp2 Comments Off on Russia’s Maverick Tech Prodigy Durov Says His $5 Billion App Telegram Can’t Be Bought
Bloomberg (Bloomberg) — Even half-naked on Tinder, where he just popped up, Pavel Durov loves to play hard to get. “Not looking for anything serious or not serious here,” the Russian privacy crusader warns potential dates in Dubai, where he’s finally trying to settle down after roaming the globe for three years. “Just playing with the Read More

Russia’s Top 5 Business Stories This Week

8 months ago kakp2 Comments Off on Russia’s Top 5 Business Stories This Week
Pixabay / MT 1. Russian oligarchs are trying to prove that they’re not close to Putin What happened:  Russia’s billionaires could be targeted by U.S. sanctions as early as next February. They face a tough choice: between Russia, where they make their billions, and the West, where they keep them. In word, the businessmen are Read More

Why Russian Oligarchs Remain Loyal to Putin (Op-ed)

8 months ago kakp2 Comments Off on Why Russian Oligarchs Remain Loyal to Putin (Op-ed)
Kremlin Press Service Given the financial and personal costs suffered over the past three years by Russian oligarchs, some analysts have wondered whether they might actively intervene to replace the Russian leadership. Given that Russia saw a major oligarchic political intervention just over 20 years ago, the question doesn’t seem unwarranted. In 2014 alone, a combination Read More

Russia’s Top 3 Business Stories This Week

8 months ago kakp2 Comments Off on Russia’s Top 3 Business Stories This Week
Pixabay / Kremlin Press Service / MT 1. Putin’s Fourth Term Announcement Calms Anger over Olympic Ban What happened: On Wednesday, Vladimir Putin made a long-anticipated announcement: He will run for Russian president for the fourth time. The election is scheduled for March 18, 2018. Putin made his announcement while speaking to workers at one Read More

Russia Said to Be Ready to Sign Pact on Resuming Cairo Flights

8 months ago kakp2 Comments Off on Russia Said to Be Ready to Sign Pact on Resuming Cairo Flights
Vladimir Putin and Abdel-Fattah El-Sisi / Kremlin Press Service Bloomberg — Russia may restore flights to Cairo in the wake of a visit Monday to Egypt by President Vladimir Putin, two years after it suspended air connections over terrorism fears, a senior Russian official and an industry representative in Moscow said. The agreement on restoring flights Read More

Skyscraper City Becomes a Citadel of Putin’s State Capitalism

8 months ago kakp2 Comments Off on Skyscraper City Becomes a Citadel of Putin’s State Capitalism
(Bloomberg) — Russia built it, but they didn’t come. Two decades in the making, Moscow City is finally filling up with tenants, just not necessarily the kind Russia had in mind when it conceived the glass-and-steel district as an international financial hub. With the economy besieged by sanctions and some of its biggest companies becoming pariahs Read More

Russian Railways Passenger Lines to Bypass Ukraine

8 months ago kakp2 Comments Off on Russian Railways Passenger Lines to Bypass Ukraine
Sergei Kiselyov / Moskva News Agency Russian Railways (RZD) passenger trains will bypass Ukraine on their way to Western destinations starting Dec. 11, the state-run TASS news agency has reported, citing RZD’s head of passenger transportation Dmitri Pegov. RZD delivered on the promise to bypass Ukraine by the end of 2017 as part of larger Kremlin Read More

Russian Businessmen Who Accepted State Support Risk U.S. Sanctions

8 months ago kakp2 Comments Off on Russian Businessmen Who Accepted State Support Risk U.S. Sanctions
Vladimir Putin (r) at the meeting with representatives of business circles / Kremlin Press Service Russian businessmen who have received $300 million or more from state coffers could be targeted by U.S. sanctions next year, The Bell reported on Friday. U.S. government departments are preparing a list of Russian “oligarchs” close to the Kremlin to present to Read More

Cyber Heist Linked to Russians Targets Banks From Moscow to Utah

8 months ago kakp2 Comments Off on Cyber Heist Linked to Russians Targets Banks From Moscow to Utah
Bloomberg (Bloomberg) — A previously unknown ring of Russian-language hackers has stolen as much as $10 million from U.S. and Russian banks in the last 18 months, according to a Moscow-based cyber-security firm that runs the largest computer forensics laboratory in eastern Europe. The MoneyTaker group broke into 20 systems, which includes 15 U.S. lenders, targeting Read More