Russia and Saudi Arabia plan to set up a $1 billion fund to invest in technology, the chief executive of a sovereign Russian wealth fund said on Wednesday.
The joint venture is the latest in a series of deals expected to be signed during a visit to Russia by King Salman this week, the first to Moscow by a reigningRead more
Russian internet company Yandex and the country's biggest consumer bank Sberbank said Wednesday they were teaming up to create a new major player in the area of e-commerce.
Under the terms of the agreement, which is still non-binding at this stage, Sberbank will invest 30 billion rubles (about $500 million) in Yandex's internet marketplace platform Yandex.Market, according to a jointRead more