Beer, Cigarettes and Gasoline to cost more in Russia

Beer, Cigarettes and Gasoline to cost more in Russia

The Russian government continues to “support” their citizens in view of the difficult economic situation in the country. Russians may be faced with an unpleasant surprise – the price of beer, wine and cigarettes. This stems from the new excise tax on certain types of alcoholic beverages, cigarettes and gasoline. However, lovers of cognac, brandy, […]

Auchan to invest €195m in Russia

Auchan to invest €195m in Russia

Auchan announced that it would invest around €195m in Russia during 2016 to enhance its presence in the country. The major chunk of the money will be spent to create and maintain a distribution network for the company in Russia. Using the investment the company would create 10 Auchan City stores and 40 different Atak […]

Ukraine estimates a lose of $600 million after Russia imposes food ban

Ukraine estimates a lose of $600 million after Russia imposes food ban

  Russia has stated it will forbid all food imports from Ukraine beginning January 1 2016. Russian Finance Minister Aleksei Ulyukayev told Russian Television channel Rossia-24 that Russia was making the move “in light of the fact that Ukraine has joined the approvals against the Russian Federation both financial and economic.” Ukraine said it estimate […]