Russian companies are facing difficulties in transferring their funds from Cyprus to other jurisdictions.

Russians holding deposits in Cypriot banks have been bombarded with offers from other jurisdictions amid the island's controversial plans to bail out its banks.

Chinese CNPC signed a preliminary deal on gas and oil supplies with Russia’s Gazprom and Rosneft.

Russia has slid in the biannual global rating of traveling and tourism put together by the World Economic Forum. Compared to 2011, Russia dropped 4 basis points to end on the 63rd place.

Pictet Asset Management, one of the world’s largest investment funds, has announced plans to increase its portfolio of Russian stocks.

Kazakhstan could divert its natural gas supplies from the largest deposit in Karachaganak to China if it fails to sign a contract with Russia.

The European Commission has approved the acquisition of TNK-BP by Rosneft, according to an official statement.

Russia will re-open its borders for Georgian wine and liquor, says the nation’s chief hygiene inspector, Gennady Onishchenko.

London is set to host the Slovo Russian literature festival, a three-week intellectual event featuring the cream of Russia’s literary world.

Russia and Georgia have met for reconciliation talks in Prague to bring the two countries in the wake of the 2008 August war.