OTP Bank revealed on March 1, 2024, a pivotal partnership with Iliad Solutions, aimed at advancin
Sberbank announced on February 28, 2024, plans to pay dividends worth 50% of its record 2023 net
President Vladimir Putin approved HSBC’s sale of its Russian unit to Expobank, facilitating the B
On September 28, 2020, Cardpay, a licensed e-commerce and payment services company based in the U
Sberbank has opened its first next-generation location in Moscow at 2 Tsvetnoy Boulevard.
On September 30, 2020, Alfa Bank has announced its partnership with Plug and Play, the Silicon Va
On September 27, 2020, Huobi Global, the world’s leading exchange for digital assets, has release
Special features of the country’s banking system might impact U.S. business.
The Russian banking sector is dominated by large, state-owned banks, with the top five banks cont
Credit institutions (and banking groups) will now need to disclose to users certain information a
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In a dramatic turn of events, the Russian new car market faced a sharp decline of 62.6% in 2022, plummeting to a market value of $21.9 billion and
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The Russian automotive manufacturing industry faced a significant downturn in 2022, with market values plummeting by 52.4% to $13.1 billion and pro
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The Russian airline industry experienced a significant downturn in 2022, with a market value decrease of 56.7% to $10,547 million, attributed to th
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TSAT Rostec announced on March 4, 2024, the impending deployment of a cutting-edge domestic 3D printer designed to manufacture heat-resistant compo
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The Salyut production complex of the Rostec United Engine Corporation in Moscow is set to double its training intake in 2024, welcoming over 1,000
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The United Engine Corporation’s UEC-Saturn on February 26, 2024, initiated a new application round for the Wings of Rostec, aiming to nurture futur
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Despite Western automakers exiting Russia due to economic sanctions related to the 2022 invasion of Ukraine, a ‘parallel import’ scheme initiated b
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Rostec’s Obninsk Research and Production Enterprise “Technology” has initiated the serial production of domestically produced cockpit glazing for t
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Mercedes-Benz Group has completed the sale of its shares in Kamaz, the leading Russian truck manufacturer based in Naberezhnye Chelny, known for pr
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In a significant shift in the automotive market, Chinese brands emerged as leaders in new car sales in Russia throughout 2023, according to data fr