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Medvedev wants econ growth ensured with internal sources

Russias economic growth should be ensured with internal sources, not with commodity prices, Prime Minister Dmitry Medvedev said at the United Russia party meeting on Monday.

Oil producers should not stabilize oil market after Brexit

Oil producing countries do not need to stabilize the market after the U.K has voted for leaving the E.U., Russian First Deputy Energy Minister Alexei Teksler told PRIME on Friday.

CEO says RDIF interested in privatization of Russias ALROSA

The Russian Direct Investment Fund (RDIF) may take part in privatization of uncut diamond mining giant ALROSA together with partners from Asia and the Middle East, RDIF CEO Kirill Dmitriev told reporters Thursday.

FOCUS: Russian smartphone sales rise despite falling incomes as choice expands

In the face of the ongoing economic crisis, the Russian market of smartphones prospers with a 40% growth in money and a 10% increase in natural terms in JanuaryMay. Retailers explained the demand for new handsets by promotions and discounts, as well as by a wide range of affordable devices from B brands with an LTE-support option in focus.
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ST.PETERSBURG, Jun 16 (PRIME) -- Russias top bank Sberbank will launch an e-wallet, which will store huge volumes of information, including PIN codes of credit cards and passwords confidentially in AugustNovember, Stanislav Kuznetsov, deputy chairman of the banks executive board, told PRIME in an interview.
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