Russia is continuing with its plans to develop Moscow as a world-class financial centre. The development of a Canary Wharf-style financial region on the outskirts of the city is one of the major projects involved in building the reputation and services required to deliver such a centre. The idea has already been given the approval [...]

A recent survey has suggested that well-to-do Russians tend to look overseas when it comes to investment and wealth management. The research, which was conducted by UBS, showed that Russian business-owners are favouring European properties and the euro as they view them as safe havens. Indeed, the euro proved to be the most popular currency [...]

The Russian market has helped a French car maker to keep its head above the ground amid a poor performance in Europe. PSA Peugeot Citroen, France’s biggest car maker, reported a fractional increase in worldwide sales of 0.2 per cent for the first half of 2011 compared to the same six months last year. As [...]

Russian politicians and investors are keen to develop Moscow as an international centre for financial services. The country’s government has been exerting pressure on the two major exchanges, Micex and RTS, to come to an agreement regarding the development of Russia’s financial services industry for some time. Now, the two have finalised a $5 billion [...]

The Russian rouble is performing well on the foreign exchange markets, approaching a three-week high against the US dollar. This afternoon (4 July) the rouble maintained its drive against the dollar to push the dollar down to buying just 27.82 roubles at 16:20 BST. The last time the dollar dropped to this level was at [...]

Russia has been flagged up as an important market for people interested in alternative investments. The Alternative Asset Analysis group, an alternative investment advocacy group, claimed that Russia is offering an increasing level of opportunity for people interested in the art and antiques market in particular. An appetite for high value art and the developing [...]

The ban on exporting grain from Russia has ended, leading the Central Bank to consider a number of options to control the market situation. Russia introduced the ban in August of last year as drought and wildfires resulted in a substantial decrease in the country’s grain yield. To avoid a national shortfall in grain supplies [...]