India has an “element of serendipity”- Sergey Mavrodi
The Russian Ponzi scheme mastermind confirms his direct involvement in the MMM financial pyramid in India
St. Petersburg International Economic Forum expects billions in new contracts
The 17th St. Petersburg International Economic Forum, which takes place on June 20–22, may see the signing of Arctic offshore oil and gas development contracts
How to stimulate the Russian economy
A policy meeting chaired by the president has decided to support the Russian economy by re-jigging spending priorities and issuing infrastructure bonds. Oil funds are to remain untapped even if stagnation looms
Foreign investors to have easier access to Russian strategic assets
The government approved rules proposed by the Federal Anti-Monopoly Service to liberalise the access of foreign investors to strategic assets such as mineral deposits
BRICS strike deal on Development Bank
It’s a game-changer for the global South as the bank is envisaged as an alternative to the Bretton Woods institutions
Russia’s financial losses in Cyprus are anyone’s guess
Russian companies control part of the 19 billion Euros of the mass of deposits in the Cypriot banking systems, controlled chiefly by the non-residents of Cyprus
BRICS Bank: A reality check
The very philosophy underlying BRICS needs to be applied in the establishment of the bank
BRICS Bank dream set to turn real, power games begin
Negotiations will go down to the wire at the meeting of the BRICS finance ministers in Durban that will focus on resolving key issues relating to governance and functioning of the bank.
Foreign banks banned from opening branches in Russia
Law leaves doors open for foreign based financial institutions to operate in Russia through subsidiaries and representative offices
Nabiullina for top bank job gets mixed response
Vladimir Putin did not address Elvira Nabiullina’s lack of banking and finance experience but implied he had faith in a loyal technocrat who served as economics minister from 2007 to 2012
Putting capital flight in perspective
Although around $350 billion has fled Russia since the 2008 global crisis, experts insist that things aren’t as bad as they seem
BRICS Bank on the anvil
A regional bailout fund is likely to be formally set up during the 5th BRICS summit in Durban on March 26-27
Russia’s private equity market is very attractive
Overall, the Russian private equity market was growing from 2010 till 2012, with total deal volume of $2.2 billion in 2010, $4.2 billion in 2011 and $4.6 billion in 2012
Moscow holds 2nd Sherpa meeting for G20 Summit
Russia intends to broaden the G20 discourse and impart a deep focus on boosting economic growth and job creation
Moscow as a global financial center
Can Moscow become a major international financial hub on the lines of Hong Kong, London or New York? Maksim Reshetnikov, Head of Moscow’s Department of Economic Policy and Development, shares his views
How Russia mismanaged the financial crisis
One of the least understood aspects of Russia's economic policy is how badly the government managed the global financial crisis
Russia to become developed country in 7 years - report
Bank of America Merrill Lynch research report suggests that the country’s demographic problems will actually be a catalyst for better changes
The BRICS Strategic Roadmap
All 5 BRICS members have pooled their intellectual capital and come up with a strategic agenda for forging closer links among themselves to consolidate and expand their roles in global affairs
IMF more upbeat on growth than Medvedev
IMF’s Russia representative praised the government's efforts to keep the economy on a stable path, like tying federal spending to the price of oil
Russia loses about $783 bn in illicit capital flight since 1994
Global Financial Integrity study affirms that India tops in global illegal outflows, while Russia is in sixth place