Email This Post - Print This Post Print This Post

There is a scam among taxi drivers working at Moscow’s Domodedovo Airport. With his passenger on board and after taking the fare into the city, the taxi driver starts his engine. But he hasn’t gone beyond the airport boundary when he simulates a technical failure and announces the car can’t go any further. He then [...]

Email This Post - Print This Post Print This Post

It is rare for a local investment bank to expose an entire commercial market as a compound of tax-avoidance schemes, phony revenue statements, paper transfers and intentionally misleading valuations. But that is what the United Financial Group (UFG) manages to do for the Russian insurance market with a new report titled “Russia’s Insurance Industry: Enter [...]

Email This Post - Print This Post Print This Post

With grain exports likely to reach 8 million metric tons this year, Russia’s ports admit they are having trouble coping. This is forcing the government in Moscow into opting between the policy of favoring Russian over Ukrainian and Baltic ports, or letting the surplus of grain eat into farm prices, farmer’s incomes, and farm planting [...]