Megafon, Russia’s second biggest mobile phone operator, is ready to buy 100 percent of 4G provider Skartel (operating under the brand Yota) if its shareholders approve the deal at the extraordinary meeting in September

Gazprom and its subsidiary Gazprom Neft have agreed to install fueling units for vehicles running on natural gas at Gazprom Neft's filling stations.

Rosneft boasts an impressive increase across every major financial indicator in 1H 2013, with hydrocarbon and crude oil production surging by 82.8 and 73.5 percent year-on-year respectively, says its official press release.

Russian billionaire Suleiman Kerimov has reportedly lost $570 million in the stock exchange plunge after potash fertilizer producer Uralkali announced a new distribution policy, says Vedomosti.

Russian Railways, the national rail monopoly, would be forced to cut spending by two percent annually over thr next five yeas as revealed in the new draft of the rail tariffs directive.

Mechel sold off two assets to lower its debt burden, says Vedomosti. But the price is much lower than what it paid back in 2008.

Participants of the Technology Park will have a number of tax benefits.

Chevrolet Niva has hit a new record, with the 500,000th unit rolled off the conveyor belt in Samara

Russia will introduce a larger SSJ plane to the market by 2019-2020, says Vedomosti.

Mail.ru and Zaycev.net have joined the mass online strike against the so called anti-pirate law which came into effect on August 1.