Norilsk Nickel is tipped to pay almost $3 billion in interim dividends to spur investor interest amid fluctuating commodity prices.

Norilsk Nickel is expected to fully dispose of its assets in Africa after a deal was signed with BCL earlier this month.

Russia is poised to become one of the world’s leaders in B2C e-commerce sales by 2018, according to a report by Hamburg-based business intelligence organization yStats.com.

Russia’s Finance Minister urges a plan B budget drawn up for the next three years to factor in possible fallout from international sanctions.

The retail industry leaders are pushing for a lower threshold for VAT-free online purchases.

The Russian Post will insist that the threshold for VAT-free online purchases is set at 150 euros, as initially proposed by the government.

The government will set the threshold for VAT-free online purchases at 300-500 euro, said a source in the Economic Development Ministry.

VTB Bank filed a lawsuit with the Court of Justice of the European Union to challenge the EU Council’s decision to impose sanctions that lock it out of international capital markets.

VEB, one of Russia’s major lending institutions, has sent a claim to the General Court of the European Union in a bid to lift the sanctions imposed by the European Union.

The national currency strengthened on the news that Standard & Poor's had affirmed its 'BBB- credit rating on Russia, contrary to projections by many experts.