Russia Business News

French auto maker PSA Peugeot Citroen today said it is in talks with Mitsubishi Motors for a "strategic partnership". The two firms have already worked together in certain areas which includes a joint venture in Russia, on electric cars. In...

General Motor Co.'s vice chairman, Bob Lutz, came to the Los Angeles Auto Show primed to talk about the company's Chevy Volt, its electric vehicle rolling out next year. But the only thing anyone wanted to talk about Wednesday was...

The Finance Ministry set final terms for settling the last of the Soviet Union�s trade debt obligations Friday, clearing the way for the country to sell new bonds to foreign investors for the first time since its 1998 default. The...

At first glance this is an amazing development knowing The AK47 is one of the most popular and easily recognized firearms in the world. Over 50 armies along with hundreds of resistance movements use the weapon. There have been over...

Dmitry Rogozin said on November 26 that Moscow and the Western alliance are ready to cooperate in the military sphere.

Russia has signed agreements on the South Stream gas pipeline with all partners after reaching an agreement with Slovenia, Prime Minister Vladimir Putin said Saturday.     "We signed today the final (in a series of agreements) with allthe necessary European partners...

The bottom line is down from the Net Profit of 609.3 billion Roubles a year ago, with 1H operating falling from 716 billion Roubles in 2008 to 431 billion Roubles this year, as 1H Sales fell from 1.755 trillion Roubles...

Russian officials said French automaker Renault confirmed it would invest further in AvtoVAZ, maker of over 25 million Lada cars since 1970. "Renault confirmed yesterday it was prepared to invest in the development of AvtoVAZ, including the provision of the...

The Russian central bank cut its main interest rate to a record low 9.0 percent on Tuesday to check a strengthening ruble that threatens to harm the major oil and gas producer's crucial exports. The decision to cut the key...

Oligarchs back inexperienced Russian as new TNK-BP chief BP loses out as oligarch-favoured candidate Maxim Barsky appointed chief executive of Russia's third largest oil group The new domination of Moscow shareholders in the TNK- BP joint venture was underlined today...