Moscow’s Strogino beach has hosted one of the Red Bull Flugtag events, a popular festival featuring bizarre flying

Russia is one of the five hottest export opportunities for e-commerce companies across the world as revealed by a PayPal report.

Access Industries and Kinnevik AB have invested $500 million into Rocket Internet.

The mother of Russian pilot Konstantin Yaroshenko has called on the foreign ministry to exchange fugitive ex-CIA contractor Edward Snowden for her son, says the RIA-Novosti news agency.

Edward Snowden says he is seeking temporary asylum in Russia and has pledged to comply with the Kremlin's condition.

Russia has remained embarrassingly low in an international rating which looks at the nations' peacefulness.

Iraqi Prime Minister has confirmed that the contracts worth $4.2 billion that were signed with Russia last year will be implemented in full.

Alfa Group is planning to move back into the energy sector, setting up a dedicated investment vehicle in London.

The Israeli embassy in Russia has gone on strike and does not receive any applications, according to a post on its official account on Facebook. Exceptions are made only for emergency cases.

China's Summit Ascent Holdings will become the first foreign investor taking part in the construction of the gambling zone in Russia's Far East.