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Business
Feature
'Dirty as Hell': Coal Dust Chokes Murmansk as Moscow Ramps Up Asia Exports
As the dust fuels public grievances and concerns for human health, the Murmansk Commercial Seaport is busy expanding its operations.
improved outlook
IMF Raises Russia’s Growth Forecast for 2024
Russia’s economy is expected to grow 3.2% this year, up from the previous forecast of 2.6% issued in January.
1 Min read
'highly embarrassing'
Raiffeisen Touts Russia ‘Expansion’ in Job Ads Despite Intended Exit – FT
The Austrian bank has placed more than 2,400 job ads in Russia since December 2023, the Financial Times reported.
2 Min read
from rod to scrap
China Disguising Imported Russian Copper as Scrap to Avoid Sanctions – Reuters
The shredded metal is harder to trace, making it easier to sell to Chinese manufacturers and keep doing business with buyers wary of Russia.
2 Min read
'decisive action'
U.S., U.K. Widen Ban on Russian Metals in Bid to Disrupt Revenues
The move bans metal exchanges from accepting any new aluminum, copper, and nickel produced by Russia.
2 Min read
'de-privatization'
The Kremlin’s Creeping Nationalizations Hit Chelyabinsk Businesses
These seized assets are likely destined to be transferred to regime loyalists, analysts agreed.
4 Min read
antipov affair
Russia Seizes Country’s Largest Winemaker Amid Re-Nationalization Wave – RBC
Kuban Vino was reportedly one of four nationalized wine and food companies previously owned by the agricultural holding Ariant.
2 Min read
alfa partners
Russian Billionaires Fridman, Aven Win EU Sanctions Appeal
The European Union Court of Justice said sanctions against the two men were not “sufficiently substantiated [and] therefore not justified.”
3 Min read
Feature
Russia's Emigre Tech Workers Eye Jobs at Western Firms as Moscow Clamps Down on Working Abroad
Western companies are actively targeting the hundreds of thousands of Russian tech workers who moved abroad after the invasion of Ukraine.
5 Min read
disputing reports
Two-Thirds of Tech Workers Who Fled Country Have Returned, Russia Says
“Over the past year, we have not observed an outflow of IT specialists,” Russia’s Ministry of Digital Development said.
1 Min read
sanctions question
German Firms Help ‘Rebuild’ Russian-Occupied Mariupol – Report
Mariupol fell to Russian forces after a two-month siege that cost the lives of thousands and left the city in rubble.
2 Min read
secondary sanctions
Kyrgyzstan Says Suspended Mir Payment Cards Under Threat of Shutdown
Kyrgyzstan's national payments operator previously said it would stop servicing Mir bank cards to "minimize the risk of secondary sanctions."
2 Min read
production disruption
Russia’s Gasoline Output Slides 12% in Late March Amid Refinery Attacks
Ukrainian drones targeted at least eight Russian refineries in mid-March, some of which have either partially or completely halted operations.
1 Min read
sanctions pressure
Kyrgyzstan To Stop Accepting Russian Payment Cards
Kyrgyzstan's Interbank Processing Center said it would stop servicing Mir bank cards in order to "minimize the risk of secondary sanctions."
1 Min read
'socially important'
Russia to Inspect Supermarket Chains for Egg Price Fixing
Among the major chains impacted by the inspections are the French-owned Auchan, stores operated by the X5 group, Magnit and Lenta.
1 Min read
six more months
Russia Extends Curbs on Money Transfers Abroad
The restrictions will be in effect between April 1 and Sep. 30, Russia's Central Bank said.
1 Min read
investigation
Gabonese Firm Supplied $1.5 Bln in Aircraft Parts to Russia in 2023
The firm, Ter Assala Parts, may be acting as a front company registered in another country that does business via Gabon.
2 Min read
payment declined
Samsung Pay to Stop Supporting Russia’s Mir Card
The United States imposed sanctions on Mir’s operator last month as part of sweeping penalties against Moscow.
1 Min read
asset seizure
Russia Nationalized 15 Defense Firms Since 2023 – Top Prosecutor
Prosecutor General Igor Krasnov valued the enterprises at a total value of 333 billion rubles.
2 Min read
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