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PRESS: US brand Nike to leave Russia

U.S. apparel and footwear producer Nike has not prolonged the franchising agreement with Inventive Retail Group (IRG), owning 37 outlets of the brand in Russia, Vedomosti business daily reported on Wednesday citing a letter of IRG CEO Tikhon Smykov.

PRESS: Daewoo refuses to build vessels for Arctic LNG-2

South Koreas Daewoo Shipbuilding & Marine Engineering (DSME) has broken a contract with Russian shipping company Sovcomflot on construction of three liquefied natural gas (LNG) Arc7 tankers on overdue payment, Kommersant business daily reported on Wednesday.

Min: Russia not to slap metal export duties, may ban some exports

Russia has no plans to introduce export duties on ferrous and non-ferrous metals but might forbid the exports of some types of non-ferrous metals, Industry and Trade Minister Denis Manturov said Wednesday.

VK, Digital ministry launch beta version of apps store RuStore

Russian Internet company VK together with the Digital Development Ministry have launched a beta version of national store of mobile applications RuStore for Android devices, the ministry said on Wednesday on its Telegram channel.
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MOSCOW, Mar 9 (PRIME) Moscows reaction to the Western sanctions will be swift and painful, the work is going on in all directions, Dmitry Birichevsky, head of the Foreign Ministrys economic cooperation department, told PRIME in an interview on Wednesday.
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