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Central bank promises to intervene if banks misuse support

The central bank is monitoring interactions of banks with their clients during the pandemic and will intervene if the banks use the support measures for wrong purposes, Chairwoman Elvira Nabiullina told reporters on Tuesday.

Antitrust offers to raise gas prices for industry, people 3% Jul

Russia's Federal Antimonopoly Service has prepared draft orders to index the regulated wholesale gas prices for the industry and households by 3% in July, according to the documents seen by PRIME on Tuesday.

Severstal to distribute 500 mln rbl among workers as compensation

Alexei Mordashov, chairman of the board of directors of Severstal, has ordered the company to distribute 500 million rubles to the employees as compensation for the coronavirus pandemic, Severstal said in a statement on Monday.

Yandex.Taxi says to use aid fund in Armenia, Georgia, Kazakhstan

Russian online taxi hailing service Yandex.Taxi will expand its 500 million ruble fund for support of drivers and couriers, hurt by the coronavirus, to Armenia, Georgia, and Kazakhstan, the company said on Tuesday in a statement.
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MOSCOW, Mar 6 (PRIME) -- Russias project Sfera, or Sphere, announced by President Vladimir Putin in 2019, will comprise 17 orbit groups, the Federal Communications Agencys Director Oleg Dukhovnitsky told PRIME in an interview, published on Friday.
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