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Russian banks are now stronger than those in most of the other major emerging markets in terms of their market funds ratio, says a new report by Moody's Investors Service.

Insurance industry leaders have come together at the Bank of Russia to debate the current situation in compulsory motor third party liability insurance (OSAGO), new legislative and market initiatives to improve accessibility and quality of insurance services.

VTB Bank has unveiled its unaudited consolidated IFRS results for the 2 months ended 29 February 2016.

Forbes first published the rating of the largest Russian oil buyers.

Mechel Mining and Metallurgical Holding has signed and approved settlement agreements on restructuring of the debt to Sberbank in the court.

Without stand-by capacities in gas production and transportation its market (stock exchange) value will be several times higher than regulated prices.

International rating agency Moodys predicts that 10% of Russian banks will lose their license within the next 12 months.

On Sunday the 17th of April the representatives of the oil extracting countries will gather in Doha (Qatar) to discuss the freeze of oil extraction.

Yandex Internet company has warned investors about the political and other risks of conducting business in Russia.

Airlines Pobeda has earned 37 million rubles of profit with the estimated expenditures of 1.5 billion rubles.

According to experts, the sale of vehicles will not exceed 1.4 million units. It is 100 thousand cars less than previously forecasted by the Association of European Businesses (AEB).

The Bank of Russia today has decided to keep its key rate on hold at 11% per annum.

The Ministry of Finance has developed amendments to the law On the Central Bank prohibiting the production and turnover of cryptocurrency.

Fitch Ratings has warned the planned tax hike for oil and gas companies could lead to individual downgrades in the sector, says a recent paper.

Russia is planning to create a new cartel which will control over three quarters of the world oil.

PJSC MMC Norilsk Nickel has demonstrated robust financial performance amidst weak commodity markets in 2015. The worlds largest refined nickel and palladium producer in the world published its IFRS report for the full year ended December 31, 2015.

The Russian oil companies will continue to extract the same amount of oil as in January 2016.

Starting from the beginning of 2016 three Russian startups have received investments of 13.1 million rubles on a croudinvesting platform StartTrack.

The financing is necessary for the banks to be able to function properly according to the standards of short-term liquidity introduced in January 2016.

Rosneft and the Venezuela state oil company PDVSA signed a contract at night of the 20th of February according to which the Russian company will invest $500 million into mining in the oil-bearing belt of the river Orinoko.

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