The government commission has approved the bill drafted by the Finance Ministry which would see a surge in the vehicle tax for luxury cars.

Rostelecom has been heavily criticized by the Russian Communications Minister amid lackluster financials results.

Acron, one of the leading global mineral fertilizer producers in the world, has posted a positive 2012 RAS financial report.

Aeroflot’s net income dived 52.9 percent over the 2011 figures to 4.93 billion roubles. Click here to find out more about the performance of Russia's largest national air company.

Gazprom-Media Holding has increased its net income by 36 percent to 7.7 billion roubles, or roughly $250 million, in 2012.

Billionaire Suleiman Kerimov will be the fourth big figure to step down as senator as the upper house of the Russian parliament is getting ready to pass the bill forbidding officials and members of the parliament from having foreign assets.

Alexander Provotorov, now former CEO of Rostelecom, will spend most of his 229 million bonuses on charity.

The Federation Council has given the green light to a new set of fines for foul language used in the mass media.

Polyus Gold International has announced a delay in the launch of operations on Russia's largest gold deposit, Natalka.

Tinkoff Credit Systems, Russia's first online bank, has laid out ambitious goals for 2013. Click here to find out more.