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Russia Says Digital Ruble Ready for Sept. 1 Launch Despite Weak Public Demand

Beginning Sept. 1, all 12 of Russia's systemically important banks will be required to support digital ruble transactions, while large retailers will also...

Russian-Born Playrix Billionaire Becomes International Booker Prize Sponsor

The Booker Prize will be renamed the Bukhman International Booker Prize and the prize money for the winning author and translator will be doubled.
2 Min read

Georgia’s Only Oil Refinery to Stop Using Russian Crude by September

Earlier, the EU had threatened to include the Kulevi refinery in its 20th sanctions package over Russia’s invasion of Ukraine.
1 Min read

Russian Cafe Chains Shrink as Restaurant Sector Feels Pressure From Costs, Changing Consumer Habits

Two well-known Russian restaurant chains have roughly halved their footprints since Moscow launched its full-scale invasion of Ukraine.
2 Min read

Wildberries Stops Compensating Sellers for Products Damaged in Airstrikes

Starting Tuesday, July 7, Wildberries will not be required to compensate sellers under force majeure circumstances resulting from artillery, drone and...
1 Min read

Russia Says It Will Further Cut List of Jobs Barred to Women Amid Labor Shortages

The list of occupations prohibited for women has already been cut by more than fourfold in recent years, an official said.
2 Min read

Russian Manufacturing Returns to Growth for First Time in Over a Year

Output expanded for a second straight month, ⁠with the pace of growth quickening fractionally to its fastest ​since January 2025.
1 Min read

Euroclear Sues Russian Central Bank in Belgian Court

Euroclear holds much of the 300 billion euros in Russian state assets that were frozen in the West following the 2022 invasion of Ukraine.
1 Min read

Sberbank CEO Renews Call for Interest Rate Cut

“We’ve already overcooled the economy. The rate needs to come down,” Sberbank CEO Herman Gref said on Tuesday.
2 Min read

Russian Ammonium Nitrate Output Falls After Drone Attacks Disrupt Chemical Plants

Ammonium nitrate is a key fertilizer but is also widely used in the manufacture of industrial explosives.
2 Min read

German Court Rules EU Sanctions No Longer Apply to Superyacht Linked to Usmanov

The 156-meter (512-foot) Dilbar is among the world's largest private yachts.
2 Min read

Yacht Linked to Putin Sails Through Danish Waters Escorted by Russian Warships

According to Danish broadcaster DR, Graceful was accompanied by a Russian destroyer and a patrol ship.
1 Min read

Fleet Groundings Mount at Several Russian Airlines as Sanctions Strain Maintenance – Kommersant

Excluding state-controlled Aeroflot, which has kept most of its fleet flying, nearly 30% of aircraft operated by the remaining major airlines were grounded...
2 Min read

Russia's Timber Exports to China Slump as Property Crisis Deepens

The decrease adds to mounting pressure on an industry already struggling with sanctions, high borrowing costs and weak profitability.
2 Min read

Regions Calling: As Fuel Crisis Widens, Russia's Regions Brace for the Worst

Fuel shortages triggered by Ukrainian attacks on oil refineries and supply networks are transforming lives across Russia’s regions. What comes next?
7 Min read

VK Accuses Apple of Removing Apps From App Store

VK warned iPhone users that they will no longer receive push notifications for its suite of apps, which includes the social media platforms VKontakte and...
2 Min read

Israel's EL AL Suspends Moscow Flights as Drone Attacks Disrupt Air Traffic

A scheduled S7 Airlines flight from Tel Aviv to Moscow, due to depart at the same time as EL AL's Flight LY611 on Thursday morning, was also canceled.
2 Min read

Russia Puts $2.3Bln of Data Center Projects on Hold Amid High Borrowing Costs and Energy Grid Limits

The slowdown underscores the growing tension between Russia's ambitions to build domestic AI capabilities and the infrastructure constraints facing the...
3 Min read

State Duma Passes Bill Delaying VAT Tax Hikes for Small Businesses

Under the legislation, small businesses using Russia’s simplified tax system would only have to pay the national value-added tax if their revenue exceeds...
2 Min read
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