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Revenues were equal to 4.635 trillion roubles, expenses - to 6.039 trillion. As compared with the same period of last year, the difference between expenditures and revenues grew by almost a third.

The low-cost airline company Pobeda being a part of Aeroflot Group has carried 2 million passengers since the beginning of the year.

The Onexim Group of Mikhail Prokhorov sold its 20 percent share in the Uralkaliy company.

Aeroflot improved its position in the global ranking on the quality of service of the best airlines in the world and became a favorite among investors.

The Head of Sberbank German Gref has advised unprofessional investors not to invest in euros and pounds in connection with the intention of the UK to leave the EU (the so-called Brexit - British exit).

The Russian economy is sinking into recession and continues to approach bottom. This is stated in the research by the Development Centre of Higher School of Economics (HSE).

The Chinese investors have confirmed their intention to build a factory for bottling water on the shore of the Baikal Lake. In case the project is implemented, the company will export 2 million cubic meters of water per year.

Low cost airlines Pobeda started providing a unique service branding of aircraft on a commercial basis.

In 2016, GDP of Russia will decrease by 1.2 percent, according to experts interviewed by "Development Centre" of the Higher School of Economics (HSE).

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.

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

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.

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