#sanctions

Russian Restaurateur Novikov Claims Import Substitution a Complete Success

Import substitution in the field of food production has been a complete success in Russia, according to restaurateur Arkady Novikov

Food With Russian Residence

Last year, familiar goods to substitute everyday imported products that had fallen under the import embargo returned to supermarket shelves

Trump Calls on US to Focus on Internal Affairs Instead of Imposing Sanctions on Russia

US President-elect Donald Trump said "we ought to get on with our lives"

Bloomberg Analysts Forecast Weaker Sanctions for Russia

According to the analysts, if the sanctions are lifted, Russia’s GDP growth in 2017 will accelerate by 0.2% and by 0.5% in 2018

Russian Market ‘Stardom’

Citi called the Russian stock market’s growth in 2016 promising, and the possibility of a US presidential administration friendlier to Russia may cause further growth

Russia to Do Without Italian Mozzarella, Cheese Producers Say

European-produced mozzarella will not be able to regain its share of the Russian market in the event that the food embargo is lifted

Experts Predict Revival of Luxury Market in Russia

The Russian market for luxury goods may grow in 2017, according to Luxurydaily

Russia Spent 250 Billion Roubles on Industrial Import Substitution

Some 250 billion roubles ($4.04 billion) have been invested into the development of import-substitution production facilities over the past two years

Austria’s Vice-Chancellor: Anti-Russia Sanctions Should Be Phased Out

Austria’s Vice-Chancellor and Minister of the Economy Reinhold Mitterlehner called for the gradual lifting of sanctions against Russia

A Thaw in Russian Relations with Norway and Finland

Despite sanctions, Finland and Norway have decided to restore trade and economic relations with Russia

CNN: Sanctions Have Fuelled a Russian Food Revolution

Restrictions on foreign food by Russia and economic sanctions imposed by the EU have sparked off a culinary revolution in the country

Lavrov: Russian Economy Is Standing on Both Feet

Lavrov claimed that phasing out imports has paid off for Russia

Norway Restarts Trade Agreement Negotiations with Russia

Oslo restarted negotiations on a trade agreement with Russia that had halted after the 2014 Ukrainian crisis

Moody’s: Russian Oil and Gas Sector Unaffected by Sanctions

Analysts with the international credit rating agency Moody's claim that US and EU sanctions have had no major impact on the Russian oil and gas sector

US Has Exhausted Its Options for Sanctions Against Russia – Bloomberg

The US has almost no means left to put pressure on Russia with sanctions, Bloomberg reported

A World of Possibilities

The existing business climate and possibilities for expansion dominate discussions at the Fifth Eurasian Forum

Five Countries Extend Sanctions Against Russia Following EU

Five countries, including Ukraine, supported the EU’s decision to extend the sanctions against Russia

Belgrade Will Never Impose Anti-Russia Sanctions – Serbian Ambassador

Slavenko Terzić, Serbia’s ambassador to Russia, reaffirmed today that Belgrade does not intend to act against its own interests and impose sanctions against Russia

FT: Italian PM Talked EU Leaders Out of New Anti-Russia Sanctions

Matteo Renzi, prime minister of Italy, has reportedly persuaded leaders of Germany, France and the UK to not implement new sanctions against Russia

Russian Governor Believes ‘Booming Villages’ Are a Result of Sanctions

The Governor of Vladimir Region Svetlana Orlova called for Western nations not to hurry with lifting their sanctions against Russia

Glen Ballis: ‘Sanctions Boost Russian Restaurant Industry’

The Australian chef talks on his native cuisine, his work with Russian restaurant magnate Arkady Novikov, and why he decided to open a sushi bistro in Moscow

McDonald's in Russia Now Accepting Mir Payment Cards

Shoppers can now use Mir payment cards issued by the National System of Payment Cards at McDonald’s locations in Russia