The package of anti-crisis regulations for small businesses and investors was adopted at the meeting of the Presidium of the Moscow Government.

Moody's taken rating actions on Wednesday on six Russian entities that are subsidiaries of foreign banks, including AO Raiffeisenbank, over deteriorating credit portfolio amid a recessionary environment that is expected to last in the mid-term.

The Venture Fund of Technologies of Sberbank (STB Venture Capital), alongside with other investors, invested $ 6.5 million in the Canadian Mobeewave.

Russia-IC presents the Headline Scanner of the international media. This week, we look at reports on the Russian economy, and the tone of the vast majority is pretty gloomy.

Moody's has downgraded the government of Russia's sovereign debt rating to ‘junk’ status over the continuing crisis in Ukraine, fiscal pressures and the continued erosion of Russia's foreign exchange (FX) reserves, and possible disruptions of timely payments on external debt service.

Yandex Internet company plans to compete with Aviasales and SkyScanner on the market of ticket sales.

After years of bitter disputes about the Third Energy Charter and the South Stream with the EU, Gazprom has turned its eyes towards Asia and its energy-demanding markets.

Rosneft has launched production at the Arkutun-Dagi field after painstaking preparatory works involving international players amid tough sanctions imposed by an alliance of countries over Russia’s alleged role in the Ukraine crisis.

The approach to the use of the National Welfare Fund (NWF) has changed: now the money will be allocated to the anti-crisis plan in the first place, and then later on infrastructure projects.

“Yulmart” Internet retailer plans to conduct initial public offering (IPO) on stock exchanges in 2016 and, as a result, to raise about $ 1 billion, as the company’s message said. The money will be spent on the construction of modern centres of orders execution in the European part of Russia.

This week, we look at bills concerning fertile mothers, prolific MPs and aspiring businessmen.

The Russian central bank has enough reserves to weather 2015, says the latest report by Moody's.

The prices on the furniture and household goods which are popular among Russians will rise, despite the fact that more than 60 percent of IKEA goods are produced in Russia, as the economic situation in the whole country is deteriorating.

Vympelcom, Russia’s major telecom company, has published its 3Q results.

NLMK Group, Russia’s leading manufacturer of high value added steel products, has teamed up with Siemens VAI to upgrade both gas exhaust equipment and emission collection and cleaning systems at the Novolipetsk BOF operations.

On 31 October 2014 the Bank of Russia decided to raise its key rate to 9.5 percent due to “significant changes in external conditions” in September-October, including a drastic fall in oil prices and tougher sanctions imposed by the West

On October 24, 2014, Standard & Poor's affirmed its 'BBB-/A-3' long- and short-term foreign currency sovereign credit ratings and its 'BBB/A-2' long- and short-term local currency sovereign credit ratings on Russia but the outlook remains negative.

The businessmen close to the Russian President Vladimir Putin are going to buy the “Vedomosti” newspaper, as Bloomberg reports referring to the three informed sources. The head of state has lately signed the law limiting the participation of foreign capital in the Russian mass media. It can be used so that the shares of the American News Corp. (the publisher of The Wall Street Journal), the British FT Group (the publisher of The Financial Times) and the Finnish Sanoma in “Vedomosti” were acquired by the holding of “Gazprom-Media” led by Mikhail Lesin, or by companies associated with Yurii Kovalchuk.

The Central Bank revoked the licenses from the “Purpe” Bank registered in Nizhnevartovsk, CreditBank (Elista, Kalmykia) and the non-bank credit organization “Yutikpey” (Moscow) on October, 16. The withdrawal of licenses in all three cases is associated with non-compliance in the field of combating laundering of crime-generated money and financing of terrorism, as the press service of the Central Bank reports.

The experts from the International Energy Agency have lowered its forecast of global oil demand. According to the IEA, at year-end of 2014 the world will consume a daily average of 92.4 million barrels of oil. This is about 200 thousand barrels less than it was previously conceived.