British Companies Blame Media for Lack of Investment in Russia
Moscow Times Leading British and Russian companies see big opportunities in each other’s countries but are not investing because of a barrage of negative media reports about Russia, according to a new survey. The survey of about 100 business leaders found that...
Sovereign Wealth Funds Swell by $1.73Bln in August
The Moscow Times The government’s two sovereign wealth funds swelled by 58 billion rubles ($1.73 billion) last month to reach a combined $172.15 billion despite slumping economic growth and depreciating ruble, the Finance Ministry said Tuesday. The aggregate...
Russian Tech Giant Cashes In on Facebook’s Recovery
New York Times Deal Book LONDON – More than a year after Facebook’s botched initial public offering, investors are now reaping rewards. On Thursday, the Russian Internet company Mail.ru, which is partly owned by the billionaire Alisher Usmanov, announced that it had...
Russia’s Life.SREDA invests in US startup to build “world’s first cardless bank”
East-West Digital News The Russian venture fund Life.SREDA revealed last week a $2 million investment in Moven, a three-year-old New York-based banking startup. Moven’s CEO and founder Brett King hopes that the deal, which took place in July, will help his company...
Pharmstandard to Spin Off Over-the-Counter Business
The new company that is going to take over major drugmaker Pharmstandard’s over-the-counter business will assume the name OTCpharm, a news report said Thursday.