Russia releases French Baring Vostok partner on house arrest

bne IntelliNews August 16, 2019

Moscow court released French partner of Baring Vostok Capital Partners Philippe Delpal from pre-trial detention and put him under house arrest on Thursday August 15.

Russian industrial output below expectations at 2.8% growth in July

bne IntelliNews August 16, 2019

Russian industrial output growth slowed down to 2.8% year-on-year from 3.3% seen in June, trending below the consensus expectations of 3.4% growth, and showing a seasonally-adjusted month-on-month decline of 0.4%. In January-July overall industry exp

Russia’s LNG production soaring in 2019

Ben Aris in Berlin August 16, 2019

Russia has kept is oil and gas production capped in keeping with the terms of the OPEC+ deal, but the production of LNG has soared in the last year, as the Kremlin hopes to turn gas into a commodity that can be sold anywhere.

Has the Kremlin already scuppered Russia's next generation high speed 5G mobile phone network before it has been built?

bne IntelliNews August 15, 2019

Has the Kremlin already scuppered the launch of the next generation high speed 5G mobile phone network before it has been built? Some industry participants think so after the Russian government assigned a a little used frequency band for the system t

MOSCOW BLOG: Putin is a victim of his own success

Ben Aris in Berlin August 14, 2019

The very prosperity that Russian President Vladimir Putin ushered in is fuelling the current protests as Muscovites demand more of a say in local government.

Russian sanctions fifth anniversary, but no reason to celebrate

Gunter Deuber of Raiffeisen Research in Vienna, Ruslan Gadeev of Raiffeisen Research in Vienna August 14, 2019

This summer mark the fifth anniversary of Western sanctions against Russia. But taking a quick look at Russian economic and financial sector indicators and you'd wonder if the sanctions are still in place.

Russian watchdog proposes to privatise Aeroflot's lowcoster Pobeda

bne IntelliNews August 14, 2019

Russia's Federal Antimonopoly Service (FAS) has proposed the privatisation of the budget airline Pobeda, part of the national air carrier Aeroflot Group, and let it concentrate on domestic routes to bring prices down

The Kremlin’s attempts to control the internet threaten Russia’s most vibrant sector

Ben Aris in Berlin August 13, 2019

With social unrest on the rise in Russia, the Kremlin is trying to increase its control over internet content. That will hurt what is the most vibrant part of Russia's economy and home to some of its best companies.

Dostavista, the leading crowdsourced same-day delivery service, secures $15mn in series B funding

bne IntelliNews August 13, 2019

Dostavista, Russia’s leading crowd-sourced same-day delivery service operating globally, has raised $15m in a Series B funding round led by Vostok New Ventures, as well as other existing investors Flashpoint and Addventure

TV losing its power to influence as a news source in Russia

Eurasianet August 13, 2019

TV used to be the main source of power in Russia, but unlike China, the internet is open and younger people get the majority of their news and information online. The state has belatedly woken up to the need to control online content

Russia records slightly improved but still weak GDP growth of 0.9% in 2Q19

bne IntelliNews August 12, 2019

The 0.9% GDP growth in the second quarter of this year was an improvement on the soggy 0.5% in the first quarter.

Booming Russian OFZ sales put on pause in July

Ben Aris in Berlin August 12, 2019

After dramatically bouncing back this year from a nasty sanction-inspired sell-off last year, it appears that investors into Russian Ministry of Finance ruble-denominated OFZ treasury bills have taken a pause.

Moscow sees biggest protest rally since 2011 as Kremlin's brutal police tactics backfire

Ben Aris in Berlin August 11, 2019

An estimated 60,000 people turned out for the fourth in a series of weekend protests in central Moscow on August 10, a number too large for the Kremlin to ignore.

Fitch upgrades Russia’s rating, returning it to 2014 level

bne IntelliNews August 11, 2019

Fitch cited Russia’s strengthened policy mix, low external debt and robust fiscal health as reasons for the upgrade.The one black mark is for Russia's anaemic growth.

Net capital outflow from Russia in the first seven months of this year increased by 1.6 times to $28bn

bne IntelliNews August 9, 2019

Net capital outflow from Russia in the first seven months of this year increased by 1.6 times to $28bn, according to the Central Bank of Russia (CBR).

Which country is the biggest FDI investor into Russia? It’s Cyprus... Not.

Ben Aris in Berlin August 9, 2019

Which country is the biggest investor into Russia? It’s Cyprus. At least that is according to the official figures from the Central Bank of Russia (CBR). But of course it isn’t really. A new study sheds light on the true origin of Russia's FDI

Wildberries overtakes Sportmaster as Russia’s biggest clothes retailer, e-commerce outlet market leader for first time

Ben Aris in Berlin August 9, 2019

Wildberries, Russia’s biggest e-commerce site, has grown in leaps and bounds in recent years. Founder Tatyana Bakalchuk became the country's second female billionaire this year after company revenue broke $1bn barrier.

The rubbish local politics in emerging Europe

Ben Aris in Berlin August 8, 2019

After nearly three decades of transition the peoples of emerging Europe are starting to hold their governments to account. The issue driving most is not ideology or corruption but demands to deal with everyday problems like rubbish collection.

Russian carsharing startup Delimobil could IPO in 2020

bne IntelliNews August 8, 2019

Russian carsharing start-up Delimobil could hold an IPO at the end of 2020 on Moscow Exchange, Interfax reported on August 7 citing the head of Mikro Kapital Group Vincenzo Trani.

Russia's Gazprom could SPO another 3.7% in autumn 2019

bne IntelliNews August 8, 2019

Russia's natural gas giant and pipeline exports monopolist Gazprom could SPO an additional 3.7% of its quasi-treasury shares in the next few months to cash in again on a dramatic rally in the company’s share price in July