According to a poll conducted by the Levada Center, 54% of Russian citizens believe that Josef Stalin played a positive role in the country’s history, Vedmosti reported. Approximately the same number of respondents believe that Stalin was a wise leader who led the Soviet Union to prosperity. The majority of respondents (60%) would not want to live under such a head of state, falling from 74% in 2008.

At the same time, two-thirds of respondents considered Stalin to be a tyrant, responsible for …

Mercedes has abandoned its plans to build its car factory in Russia, favoring Poland.

In January, the Head of Mercedes-Benz Daimler Dieter Zetsche stated that the construction of the Mercedes plant in Russia was still in the plans of the auto giant despite the situation with the Russian economy.

In 2015, new car sales in Russia dropped to 36%, or 1.6 million cars. 2016 is likely to be more significant. The Hyundai plant in Saint-Petersburg brought 1 billion rubles ($14.6 million) inlosses to …

On Thursday, Russian President Vladimir Putin visited the congress of the Russian Union of Industrialists and Entrepreneurs (RSPP), and later held a meeting with major businessmen behind closed doors. During the public part of the meeting, Putin praised the business leaders for their "mature and responsible" work, and assured them that the government is working on reducing the fiscal burden brought on by the economic crisis. The Russian President also said that he supports “easing the law” for …