{{dayPoint.date | date : 'd MMMM yyyy'}}

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

RUSSIA'S ECONOMY

Russia’s antimonopoly watchdog warns Uber-Yandex.Taxi merger may restrict competition

The Head of the Russian Federal Antimonopoly Service comments on Yandex.Taxi and Uber taxi businesses merger

© Vyacheslav Prokofyev/TASS

MOSCOW, July 13. /TASS/. The Uber-Yandex taxi merger deal could hamper competition in the market, Igor Artemyev Head of the Federal Antimonopoly Service (FAS) of Russia told reporters.

"We only heard about it today, and I learned about it three hours ago. We have an idea - we have three main aggregators and if two of them are going to merge, then this is, of course, a hazard to the market. A threat to restrict competition, undoubtedly, is present here, "Artemyev said.

The FAS chief noted that the antimonopoly authority must first carry out a market analysis - "to see the number of trips, to see prices," and to petition the companies.

Read also

Yandex.Taxi, Uber agree to merge businesses in Russia and neighboring countries

"That is, if Uber and Yandex.Taxi want to merge now, this is a wonderful wish, but the state has the law "On Protection of Competition", so this deal should be considered through the prism of this law," Artemyev noted. "They are probably preparing to file a petition... We are not particularly worried - if we need to approve the deal, then we will approve it, the second option is to deny, the third one - to approve with instructions," he said.

FAS press service told TASS earlier Yandex and Uber did not yet submit application to the Russian Federal Antimonopoly Service.

"FAS did not receive an application from Yandex and Uber on combining businesses in Russia and other countries. The companies’ shares on the market will be determined in the course of comprehensive consideration of the application upon its admission," Head of FAS Department for Regulation of Communications and Information Technologies Elena Zaeva said.

Yandex.Taxi and Uber announced earlier that the companies agreed to combine their businesses in Russia, Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan.

According to the report from Yandex, both Yandex.Taxi and Uber app will operate as before, driver apps, on the other hand, will be transitioned to a unified platform. "This combined driver platform will significantly increase the number of available cars, reduce passenger wait time, and boost vehicle utilization. Drivers will be able to perform more trips per hour while passengers will continue to enjoy affordable prices," the company said.

The new company will also operate the UberEATS service in the region. Uber will invest $225 mln and Yandex will invest $100 mln into the combined company, valuing it at $3.725 bln on a post-money basis. "On a pro forma basis, Yandex will own 59.3% of the combined company, Uber will own 36.6%, and employees will own 4.1%," Yandex said.

Read also

Yandex does not rule out Yandex.Taxi and Uber IPO

Russia restores gasoline production after decline — Energy Ministry

The increase in motor gasoline production in mid-April is associated with production recovery after a local drop due to unscheduled repairs at refineries

Shoigu tests commando vehicle, calls for additional machineguns

The Russian defense minister "personally tested the special transportation vehicle and its running qualities"

Iran may break through Israel’s air defenses in major attack by drones, missiles — expert

Iran has the region’s largest arsenal of ballistic missiles, estimated to number in the low thousands, Behnam Ben Taleblu noted

Gasoline output in Russia up 12.1% week-on-week on April 1-7 to 845,900 tons — statistics

The statistics service does not provide the year-on-year dynamics of gasoline production

Russia, CIS partners to hold air defense exercise in 2024

The participants in the exercises will practice interaction in getting ready for and conducting combat operations by aviation and air defense forces that are part of the unified regional air defense system of Russia and Belarus

EU leaders urge to adopt proposal on using incomes from frozen Russian assets for Ukraine

The EU, the US, Japan and Canada have frozen Russian assets worth a total amount of around $300 bln

US deliberately fuels tensions in Asia — Russian envoy to Washington

According to Anatoly Antonov, the United States are creating new closed groups and military-political alliances in the Asia-Pacific region and this way "are trying to return the world to the worst times of the Cold War and brinkmanship on the brink of a nuclear conflict"

VTB CEO calls for SWIFT to be fully abandoned in payments

The banker stressed that VTB is working as part of a pilot project for the digital ruble, including in the field of cross-border settlements

Hamas grateful to Erdogan for his support — TV

The Turkish leader also announced talks with Hamas politburo chief Ismail Haniyeh in Turkey on April 20

Russia’s advanced radar in Kaliningrad to monitor entire territory of Europe — source

The first Konteiner radar went on combat duty in the Volga area region of Mordovia on December 1, 2019

Russian stock indices in the red as trading on Moscow Exchange closes on Wednesday

The dollar-to-ruble rate decreased by 0.15% to 94.27 rubles, the euro-to-ruble rate rose by 0.15% to 100.39 rubles

Ukrainian front may collapse this summer — newspaper

According to the newspaper’s assessments, Russia "has never been closer to its goals" in the special military operation zone

Top British diplomat refused to recognize Voronezh and Rostov as part of Russia — source

After Truss’ statements urging Moscow to move its forces, located on Russia’s soil, away from the border with Ukraine, Sergey Lavrov asked his British counterpart if she recognized Russia’s sovereignty over the Voronezh and Rostov Regions

Russian PM signs off on plan for regions to accommodate evacuees from Palestine

The Russian Emergency Situations Ministry is assigned to oversee the process of sending the evacuees to their respective regions in accordance with an annex to the directive

DPR leader reports heaviest fighting near Avdeyevka, Chasov Yar

According to Denis Pushilin, it is too early to say when the city could be liberated

Lavrov states West’s growing concern about BRICS plans to develop own financial tools

According to the minister, Russia is interested in increasing the role of the BRICS states in the international monetary, financial and trading systems, developing interbank cooperation, expanding the use of national currencies and creating its own exchange

Georgian president says she will veto law on foreign agents

According to Salome Zourabichvili, she is certain that the parliamentary majority will override her veto

Iranian president warns of 'terrible response' to any action against country

Ebrahim Raisi opined that the UN Security Council and the organization as a whole "failed to fulfill their minimum legal obligations to condemn the [Israeli] attack on the Iranian consulate in Damascus"

UN concerned about 'increasingly dangerous rhetoric' in Middle East, official says

On the evening of April 13, Iran launched drones and missiles towards Israel in response to what it called "repeated crimes," including an attack on the consular office of the Iranian Embassy in Damascus

Israel planned to strike back at Iran on April 15, but decided to postpone, Axios reports

Israel told the US administration about the decision to wait, according to a US official

Israel plans to send 'painful message' to Iran in response to attack — newspaper

According to the report, Israel’s war cabinet will meet on April 16 for a third straight day

Only information resources of foreign web hosting companies blocked in Russia — watchdog

Earlier, the media watchdog restricted access to the websites of web hosting companies Amazon Web Services and GoDaddy

Ukraine to lose at least 10 mln citizens over mobilization law — political scientist

According to Andrey Zolotarev, domestically, the population’s confidence level in President Vladimir Zelensky and state authorities will plummet

Funding needs to be restored to UNRWA before end of investigation — Russia’s UN envoy

"Investigation should be objective and based not only on data provided by Israel but also on Palestinian information", Vasily Nebenzya said

Russian industrial producers’ prices up 2.4% in March — statistics

In chemicals production, prices edged up by 26.8% for ethers, organic peroxides, epoxides, acetals and semiacetals and their derivatives

Kamchatka's glaciers shrink by 36% since 1950

In the northern part of the Central Range, the greatest reduction is observed in small glaciers with an area of less than 0.1 square kilometers and in glaciers of the southeastern and southern parts

No snap elections before delimiting borders with Azerbaijan, Armenian PM says

Nikol Pashinyan said about it, replying to a question from a resident of the borderline village of Berkaber about the necessity to hold snap elections before delimiting the border with Azerbaijan

Russian investigators start inquiry into financing of terrorism by US, NATO officials

Investigators have established that the funds that were received through commercial organizations, such as the oil and gas company Burisma Holdings operating in Ukraine, have been used to carry out terrorist acts in Russia and abroad

Russian Aerospace Forces destroy three militant hideouts in Syria’s Homs

No shelling attacks on Syrian troops were registered over the past 24 hours

EU summit urges to provide air defense systems and all necessary military aid to Kiev

The document also says that the EU and its member states will step up humanitarian support and civil protection assistance to Ukraine

Former Ukrainian MP sees Zelensky turning into 'usurper' after his term expires

The legitimacy of the authorities is a hot button issue in Ukraine, where parliamentary and presidential elections are prohibited during martial law

US is plotting another pandemic — Russian Defense Ministry

"We do not rule out the United States may use so-called defensive technologies for offensive purposes, as well as for global governance by creating crisis situations of biological nature," lieutenant general Igor Kirillov stressed

Press TV reports all of Iran's hypersonic missiles hit intended targets in Israel

The report did not specify which facilities in Israel had been attacked with hypersonic missiles

Former Ukrainian PM points to motive behind mobilization exception for law enforcement

Nikolay Azarov noted that currently, law enforcement’s main job in Ukraine was to tighten the screws on the country’s population

White House effectively rules out option for US forces to intercept Russian missiles

US National Security Council spokesman John Kirby said Joe Biden had made it clear that the United States would not take on a combat role in Ukraine

New US bill calls for $26 bln in assistance to Israel

The bill also includes a proposal to earmark $2.4 billion to fund US Armed Forces operating in the Middle East in response to threats against Israel

Georgian protests against foreign agent bill reek of US influence — Medvedev

"The experienced and all-too-familiar Hollywood touch can be seen behind these rallies," the politician pointed out

US believes that Russia tested 9M729 missile for range beyond 500 km

"All NATO allies agree that the 9M729 is not compliant with the INF Treaty," the US embassy’s spokesperson said

Russia restores gasoline production after decline — Energy Ministry

The increase in motor gasoline production in mid-April is associated with production recovery after a local drop due to unscheduled repairs at refineries

Envoy reports dozens of Russians killed in Ukrainian attacks in past week

According to Russian Foreign Ministry Ambassador-at-Large Rodion Miroshnik, over that period, Ukrainian troops fired "at least 1,362 munitions" at civilian facilities

Russia to scrap moratorium on intermediate missiles if US deploys them anywhere — MFA

Sergey Ryabkov said the US seeks to maintain military superiority in a great variety of areas

Inflation in Russia down to 0.12% over week — statistics

Inflation stood at 7.83% in annual terms as at April 15, 2024

Putin expresses hope for restraint in Middle East in conversation with Raisi

According to the the Russian presidential press service, "Vladimir Putin said all parties would hopefully show a reasonable degree of constraint to avoid a new bout of tensions"

Press review: US throws Russia New START curveball and Washington's aid balancing act

Top stories from the Russian press on Wednesday, April 17th

Peacekeepers fully accomplish mission in Karabakh, Russian senator says

According to a statement signed by the leaders of Armenia, Azerbaijan and Russia on November 9, 2020, a Russian peacekeeping contingent was deployed to Nagorno-Karabakh

Shoigu visits presentation of over 30 promising weapons, including robotic vehicles

The Russian defense minister has given his instructions to speed up the introduction of promising weapons that have been tested in the special military operation zone into service with the Russian Army

Water level in Kurgan to hit historical maximum in few days

The government of the Kurgan Region has arranged the work on providing financial assistance to the victims in the emergency zone

US deploying missiles in Philippines to endanger global security — Russian envoy

Anatoly Antonov has urged the US "not to open Pandora's Box" and follow Russia’s suit "by taking all necessary steps to ensure global stability and predictability"

Iran says it won’t prevent return of Russian sailor from seized ship — MFA

The Russian Embassy in Tehran keeps the issue under special control, Maria Zakharova said

Decision on peacekeepers’ pullout made by top leadership of Azerbaijan, Russia — official

"The defense ministries of Azerbaijan and Russia are taking the necessary measures to implement the decision," Hikmet Hajiyev added

EU isolated in its ‘blossoming garden,’ reluctant to let strangers in — Russian diplomat

Vasily Nebenzya also pointed at the European Union’s double standards with regard to refugees from Ukraine and the Global South

Press review: Iran fires back at Israel and Russia, West spar over AI rulebook

Top stories from the Russian press on Monday, April 15th

Erdogan accuses Israel of seeking to spread conflict throughout entire region

The Turkish leader slammed Israel’s actions in Gaza as genocide and said that the only way to ease tension in the region is to stop it

Ukraine turns from sovereign country into Western protectorate, Hungarian PM says

Viktor Orban noted that there should be a buffer zone between NATO and Russia and Ukraine could serve as one

Slovakia to oppose Ukraine’s NATO membership bid — PM

Meanwhile, Slovakia supports Ukraine’s accession to the European Union

Roscosmos chief notes high quality of Vostochny space center’s construction

Yury Borisov said that the space facility’s launch pad bore practically no visible signs of the recent Angara-A5 carrier rocket’s launch

Number of people convicted of high treason in Russia last year revealed

In 2022, 16 individuals were convicted of high treason and one was convicted of spying

Severstal to unveil Q1 dividend recommendation on April 23

The quarterly cycle of information disclosure is convenient for the company as a matter of principle, Nikita Klimantov noted

Russian software sales soaring over last four years — Minister

The number of employees in IT companies increased by 1.5 times over four years, Maksut Shadaev said

Putin pardons 52 female convicts — Kremlin

First and foremost, the pardon covers women with minor children, pregnant women and women, whose relatives are involved in the special military operation

EU leaders call upon all Middle East stakeholders to show maximum restraint

The European Union is also poised to impose new sanctions on Iran, related to drones and missiles

Combined heat and power plant damaged in Ukraine’s Sumy

Details are unknown

Volume of frozen Russian assets in Germany reaches around €3.9 bln

This figure includes frozen assets of individuals and legal entities included in the sanctions list, such as cash, corporate investments, and yachts

Russian government approves list of unfriendly countries

There are two countries on the list

Russia bans 235 Australian local government officials from entering country — MFA

"Taking into account the fact that Canberra does not intend to give up its anti-Russian course and continues to introduce new sanctions, work on updating the Russian stop list will continue," the ministry said

Over 40 nations want to join BRICS — Russian lawmaker

According to Grigory Karasin, many BRICS members share the opinion that the association should be in no hurry to adopt a strict charter, "seeing how counterproductively and even provocatively the European Union is acting"

Kiev’s attacks on Zaporozhye nuke plant result of impunity encouraged by US

Sergey Ryabkov stressed that the attacks on the nuclear facility "must be stopped"

Shoigu calls to urgently launch production of medical robots

"We have to ensure the evacuation of the wounded from the frontline," the Russian defense minister said, adding that "it has to be done safely and rapidly to the maximum"

US not going to be in armed conflict with Russia — official

The President of the United States has made that very clear

Israel says its jets attacked Hezbollah air defense site in eastern Lebanon

I"DF soldiers recently carried out strikes to eliminate "an immediate threat" in the Qawqaba area in southern Lebanon," Israel Defense Forces said

Russian, Turkish senior diplomats discuss situation in Gaza

"The meeting focused on the situation in the region," said in the statement

Russia assumes that Security Council will soon return to Gaza ceasefire issue — diplomat

"Ramadan has passed, and the question of a long-term ceasefire is once again very acute," Vasily Nebenzya said

Turkish foreign minister urges West to stop Israel, prevent war in region

"The US and Western countries should stop Israel, tell it "Stop!" and prevent the conflict from spilling over," Hakan Fidan said

Russian forces pummel Ukrainian army, equipment in 133 areas over past day

Russian troops took better frontline positions in the Donetsk area over the past day, the ministry reported

US retrieves weapons previously banned under INF treaty — Russian ambassador

Anatoly Antonov emphasized that such steps were another powerful blow to strategic stability

Almost 3,000 shots fired at Russia’s Kursk Region during military operation

The region's governor Roman Starovoit said 50 apartment buildings, 975 single-family homes, two stores, seven social and cultural buildings have been restored in the region since the beginning of the special operation

Swiss parliament votes against joining task force on frozen Russian assets

The group contains US finance and justice ministers, representatives of Australia, the UK, Germany, Italy, Canada, France, Japan, as well as the European Commission

Russia says its forces repel four Ukrainian counterattacks in Kupyansk area

The Ukrainian army losses were up to 70 servicemen, three motor vehicles, a D-30 howitzer, 2 Plastun-3000 electronic reconnaissance stations and a Nota electronic warfare station

Israel, Hamas struggling to agree on ceasefire resolution — Qatar’s PM

According to Sheikh Mohammed bin Abdulrahman Al Thani, "Qatar condemns the policy of collective punishment that is still being pursued by Israel in the Gaza Strip, as well as the escalation in the West Bank"

Russian state companies invested almost $10.72 bln into digitalization — Minister

The most important is the fact that Russian solutions account for more than 85% of expenses, Maksut Shadaev noted

Russia shares counter-UAV experience with CIS

In February-March 2024, the Military Aerospace Defense Academy held training of CIS specialists in counter-drone fight

Xi Jinping proposes four principles for resolving Ukrainian crisis

The Chinese leader had an in-depth exchange of views on the Ukrainian crisis with German Chancellor Olaf Scholz, who is on an official visit to Beijing

Romania now hosts as many as 11 F-16 jets for training of Ukrainian pilots

The ministers expressed their willingness to find a way for the center to continue to operate beyond 2025

US-led coalition’s aircraft violate Syrian airspace eight times in past day

In the Russian general's words, such actions set a dangerous precedent for air incidents and accidents, and escalate the general situation in Syria’s airspace

Georgia’s parliament approves first reading of foreign agent bill

Protests against the bill have been held outside the parliament building since Monday

Russian security chief urges measures against 'ethnic enclaves' in Russia

The Russian president has ordered that migration policy be overhauled taking into account the national interests and security of the population, and the importance of preserving Russia’s culture and language, Nikolay Patrushev reiterated

Iran withdraws officers out of Syria due to Israel’s potential strike — newspaper

The report said that the Lebanese Shiite Hezbollah movement is also reducing the number of its officers in Syria

Both main US parties threatened Telegram, co-founder says

"So we got two letters that said: whatever we do, we would be violating the US Constitution," Pavel Durov said

Annual inflation in Russia gearing up to 7.83% over week — Economy Ministry

Prices slowed down to in their growth to 0.1% during the reporting week

Ukrainian president signs law tightening mobilization rules

According to Rada Deputy Speaker Alexander Korniyenko, some of the law’s provisions will take effect after its publication, while most of them will enter into force in a month

Nuclear field turns into dangerous tool of psychological war, Russian diplomat warns

"Basically, attempts to question the maximum security of nuclear facilities must be completely ruled out everywhere in the world," Sergey Ryabkov stressed

Crimea, Donbass to forever remain within Russia, Slovak PM tells national parliament

Robert Fico believes Moscow will win in its confrontation with Kiev

'Iron Dome' can't fully protect from UAV swarms — Chinese expert

According to Wei Dongxu, Tehran's firepower can cover most of the Middle East region, representing a fierce and precise long-range retaliatory means

Russia maintains constructive dialogue with both Iran, Israel — Kremlin

Dmitry Peskov mentioned a recent phone call between Russian Foreign Minister Sergey Lavrov and his Iranian counterpart Hossein Amir-Abdollahian

Situation with air service between Russia and Dubai stabilizing — air transport agency

Domestic airlines completed about 30 flights between airports in Russia and Dubai

Protesters give Georgian government one hour to revoke foreign agents bill

Earlier on Wednesday, Georgia’s parliament passed the foreign agents bill in the first reading

Ovechkin may beat legendary Gretzky’s goal record starting next NHL season

The contract of the 38-year-old Ovechkin with NHL Washington Capitals is valid until the end of June 2026

India's new ambassador to Russia discusses high-level bilateral visits with Lavrov

"Ambassador Vinay Kumar paid a courtesy call on [Russian] Foreign Minister H.E. Mr. Sergey Lavrov," the embassy said on its X page

Press review: Israel mulls response to Iran's strike and Ukraine plays shot-caller with US

Top stories from the Russian press on Tuesday, April 16th

Hezbollah fires rockets at Israeli barracks in Shebaa Heights

Anti-tank guided missiles hit an artillery battery in Al-Samak in the Kfarchouba hills

Russian security official vows 'well-deserved' punishment for those behind Crocus attack

On the evening of March 22, a terrorist attack targeted the Crocus City Hall music venue in Krasnogorsk, Moscow Region