Deputy Finance Minister Aleksey Savatyugin has decided to leave the cabinet and announced it via Twitter.

The Russian president has signed the so called Dima Yakovlev bill into law on Friday after it quickly passed both chambers of the Russian parliament on December 21 and December 26, respectively.

Businessman-turned-politician Mikhail Prokhorov slams the Dima Yakovlev law adopted in response to the US Magnitsky Act as a drift towards isolationism.

Russia's emerging retail chain is looking for $300 million as it seeks expansion beyond Central Russia.

Sberbank is in for record profits in 2012, according to the head of Russia's biggest lender, German Gref.

UNICEF’s executive director Anthony Lake called on Russia not to ban US adoptions of Russian children.

Nordic Yards, a world's leading ship manufacturer has landed a deal to construct two rescue vessels for Russia before 2015.

MPs have more legislation in the pipeline to stamp out the deeply ingrained practice among officials. But will it help?

VTB expects to match last year's performance in terms of revenues as it pins its hopes for growth on retail.

Russia boosts its military exports despite continuing volatility in the Middle East. Iraq has become an unexpected partner.