A Russian retail firm Fix-Price, known for its low-priced products in stores, is planning on a stock market listing in London that could value itself at more than $6bn.
MoreRussian retail firm Fix-Price aims to raise $1bn from London IPO
Russia “freezes” gas prices for Belarus
President of Belarus, Alexander Lukashenko, has recently asked Kremlin for help, following a series of protests in August on a key question for Belarus – gas prices. Russia granted an exemption, setting a price of 128.5 dollars per thousand cubic metres.
MoreLukashenko: monetary union with Russia necessary
“Monetary union with Russia is the final part of the integration process between Russia and Belarus.” The president of Belarus had stated this in whilst in a coverage with the news channel Rossiya 1.
MoreNikolaev: Russia lost trillions of roubles over New Year
Igor Nikolaev, an economist, claims that Russia had lost 1-2 trillion roubles (10-20 billion British pounds) over the New Year holidays. “The country hasn’t worked in over 10 days”, he says, and “undoubtedly, the fact that the country can allow itself to not work for 11 days is not normal”. He proposes that the long holidays should be cancelled, although states that on the background of an economic crisis it would not be a good idea.
MoreRussia increases minimal living wage by 6 pence
The Russian prime minister, Mihail Mishustin, has announced that the Russian minimal living wage will be increased by 6 roubles (6 pence) a day, or 184 roubles a month in 2021.
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