Experts believe, the company has good chances to become a well-known and popular brand in Russia, though it may take up to 5 years.

Otto Group, a leading retail and services company, bought the Russian business of Quelle, which is a part of Arcandor's mail-order business Primondo.

Novo Nordisk, a healthcare company and a world leader in diabetes care, is set to build an insulin production facility in Russia.

BoscoSport, a Russian sportswear brand, signed up as a leading sponsor for 2014 Olympic Games in Sochi, reports the Kommersant newspaper. The company has produced sports uniforms for Russian athletes since 2002.

UC Rusal, Russia’s largest aluminum producer, signed a contract with Norinco (China North Industries Corporation) for aluminum delivery.

Ecuador is going to make an offer to Russian Zarubezhneft regarding joint oil production on the territory of the country.

Carrefour SA, he world's second-largest retailer after U.S.-based Wal-Mart Stores Inc, decided to ditch its Russian expansion plans due to a lack of growth opportunities there.

Russian companies Rosneft, Transneft and Sovkomflot will participate in Samsun-Ceyhan oil pipeline project along with Eni and Calic Holding.

ConocoPhillips, the third-largest U.S. oil company by market value, may sell a 10% stake in Russian Lukoil, reports Reuters with the reference to UBS's data.

French energy companies Total and GDF Suez are set to invest about $1 billion in a 25% stake in Kazakh gas field project Khvalynskoye, the head of Total said on Tuesday.