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Russias AvtoVAZ cancels working Saturdays in July

MOSCOW, Jul 3 (PRIME)
Major Russian car maker AvtoVAZ has stopped the assembly of its Lada Kalina, Lada Granta and Datsun on Saturdays in July, like it was in June due to a low demand, Sergei Zaytsev, a representative for the companys labor union, told PRIME Friday.

Russias Sberbank to initiate bankruptcy of 3 Mechel units

MOSCOW, Jul 1 (PRIME)
Russias biggest lender Sberbank plans to initiate bankruptcy of three subsidiaries of debt-ridden metals and mining group Mechel, the Chelyabinsk Metallurgical Plant, Yakutugol, and Bratsk Ferroalloy Plant, the bank said Wednesday.

Russian antitrust delays Yandex vs Google case hearing till Sep 4

MOSCOW, Jul 2 (PRIME)
Russias Federal Antimonopoly Service has delayed until September 4 hearings of a case against Google, opened upon a claim from Internet giant Yandex, Vladimir Kudryavtsev, director for the authoritys IT management department, said Thursday.

Results of the St. Petersburg International Economic Forum 2015 Time to Act: Shared Paths to Stability and Growth

The welcome address at this years Forum was delivered by Sergei Prikhodko, Deputy Prime Minister of the Russian Federation, Chief of Staff of the Government of the Russian Federation and Chairman of the Organizing Committee of the St. Petersburg International Economic Forum.
 
MOSCOW, Jul 3 (PRIME) -- VTB, Russias second biggest lender after Sberbank, hopes that its Ukrainian affiliate will have a zero net profit in 2015, Senior Vice President Mikhail Yakunin told PRIME in an interview published on Friday.
Central Bank Official Rate
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EUR 61.7492 +0.1831 04 jul
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