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The board of the Central Bank is scheduled to have a policy meeting on Friday. Earlier, analysts predicted that the regulator would lower the key policy rate again to spur lending but under the current circumstances the decision may be and should be as experts now insist postponed.

Rosneft, the Italian Finmeccanica SpA company and The Helicopters of Russia signed an agreement on the reorganization of the Helivert joint venture.

The Ervington Investments foundation owned by the billionaire Roman Abramovich paid 9.75 million US dollars for the purchase of the preferred shares of the American Propell Technologies company developing technologies of increasing oil and gas production from shale deposits.

Chris Weafer of Macro-Advisory explains to the West why Russians approach August with almost a sense of dread. It is a case of if something bad is going to happen it is more likely to happen in August, he makes a fair point.

Net profit of Promsvyazbank (PSB) for the first half of 2015 amounted to RUB8.6 bn, compared to RUB3.0 bn for the same period last year.

Russias Central Bank has posted the Top 10 list of domestic banks that are considered systemic institutions.

The Kremlin has admitted bitcoins can be used for some transactions after cautious statements by the Central Bank.

The sales of new cars and light commercial vehicles (LCVs) in Russia decreased by 36.4 percent in the first half of 2015, as compared with the same period of last year, and amounted to 782.1 thousand cars.

The International Union of Commercial Organizations of China and the Middle Ural Development Corporation signed an agreement providing for bringing Chinese companies to the territory of the Russian-Chinese Business Park that is being created.

The state corporation Rosatom ranks first in the world in the number of designed reactors for nuclear power plants.

Sberbank owning a 100 percent stake in Pandora jewelry network in Russia expects to sell the asset at a profit in 2015.

The American General Electric GE Corporation has signed a number of agreements with Russian companies, including Rosneft, Rosseti and Transmashkholding, at the St. Petersburg Economic Forum.

The cost of the St. Petersburg International Economic Forum (SPIEF) amounted to 1.2 billion roubles.

The St Petersburg International Economic Forum is expecting a higher turnout this year after reports that the Obama administration eased its stance on multinationals taking part in the event.

Norilsk Nickel, the worlds largest nickel and palladium producer, has published its audited IFRS financial results for the year ended December 31, 2014.

Manufacturers have raised the price for cabbage by 66 percent since the beginning of 2015. The anti-monopoly agency has recorded 1,007 reports of rising prices for goods.

The Lenta network has made a secondary public offering (SPO) and attracted $ 225 million within its frame, according to the statement of the retailer posted on the website of the London Stock Exchange (LSE).

The Russian oil giant produced 251.6 mt of hydrocarbons in 2014, 14.5% up from 2013, and EBITDA grew by 11.6 percent, totaling RUB 1,057 billion.

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.

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