The Telegram messaging service has announced it is ending an ambitious cryptocurrency and payments system project after a legal battle with regulators in the United States.
Car sales in Russia plummet 72%
Cars sales in Russia plummeted by a historic 72.4 percent in April, manufacturers said Wednesday, after the industry was hit by the sweeping restrictions imposed to slow the coronavirus pandemic.
Putin lifts Russia's coronavirus 'non-working' period from Tuesday
President Vladimir Putin on Monday said Russia's non-working period imposed to contain the spread of the coronavirus will be lifted from Tuesday.
Kazakh president replaces ex-leader's daughter with aide
Kazakhstan's president appointed a top aide to the senate Monday after dismissing his powerful predecessor's daughter in a shock move that sparked speculation of a power struggle.
Nearly 100,000 evacuated after Uzbekistan dam bursts
Nearly 100,000 people have been displaced in Uzbekistan and Kazakhstan after an Uzbek dam burst, flooding thousands of homes and destroying agricultural fields.
Central Asian migrants squeezed by Russia's virus lockdown
Russia’s lockdown to slow the spread of COVID-19 is compounding the economic crisis in Tajikistan, where remittances from migrant workers make up 30 percent of gross domestic product.
Turkey lifts ban on export of medical equipment to fight virus
Turkey on Saturday lifted restrictions on the export of medical supplies, a move that should facilitate the sale of equipment to western countries where there have been shortages.
Kazakh president fires predecessor's daughter amid succession talk
Kazakhstan's president on Saturday dismissed the eldest daughter of his veteran predecessor Nursultan
Nazarbayev as senate speaker, triggering fresh speculation over a power struggle in the energy-rich Central Asian state.
Russia sees record rise as virus cases surge past 100,000
Russian Prime Minister Mikhail Mishustin on Thursday announced he has tested positive for the coronavirus, as the country's number of confirmed cases surged past 100,000 after its largest daily increase.
Tajikistan declares first coronavirus cases
Tajikistan registered its first coronavirus cases on Thursday, one of the last countries in the world to
confirm it had been affected by the pandemic.
Kazakhstan sees coronavirus 'perfect storm' looming over economy
In February, Renaissance Capital crowned Kazakhstan its "top pick for equity investors in the frontier markets" of Europe, Africa and the Middle East. But the COVID-19 crisis has quickly derailed a long-awaited recovery.
Kyrgyzstan says negotiating debt restructuring with China
Kyrgyzstan's government said Wednesday it was in talks with China to restructure nearly $2 billion in loans after having asking Beijing for debt relief in light of the coronavirus pandemic.
Coronavirus lockdown adds to misery of Moscow's homeless
With Moscow residents shut in their apartments during the COVID-19 lockdown, an estimated 15,000 homeless people are not getting the street handouts they often used to buy food.
Kyrgyzstan’s sewing industry reorients to survive coronavirus slump
COVID-19 has not stopped thesewing machines at Zukhra Kemelbekova’s factory in northern Kyrgyzstan. Her seamstresses are busy making protective gowns and masks.
Russia's Gazprom posts 17% hit to net profits in 2019
Russian energy giant Gazprom on Wednesday announced a 17 percent drop in net profit last year compared to 2018, over lower prices and falling sales to Europe.
Putin warns Russia has not reached peak of virus infections
President Vladimir Putin warned Tuesday that Russia had not yet reached the peak of coronavirus infections but said that a 'phased exit' from the country's lockdown measures could begin in two weeks.
Turkey to send medical equipment to US
Turkey will send medical equipment including masks to the United States to help its NATO ally in the fight against the coronavirus, President Recep Tayyip Erdogan said on Monday.
Russia suspends grain exports until July 1
Russia, the world's largest wheat exporter, is suspending grain exports, including wheat, rye, barley and corn until July 1, the ministry of agriculture said Sunday.
Russia central bank sees GDP drop of up to 6% in 2020
Russia's Central Bank on Friday said the economy would shrink by four to six percent this year, as hopes of a revival were dashed by the coronavirus and falling oil prices.
For Russians, humble dacha provides refuge from coronavirus
After years spent on submarines with Russia's Northern Fleet, Ivan Chernyshyov is having no problem adjusting to life on coronavirus lockdown—especially as, like many Russians, the retired sailor can escape to the countryside.