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Business

Call it a comeback

Russian Markets Rebound Despite U.S. Rejection of Moscow’s Demands

Russia's stock market and the ruble jumped in trading Thursday after weeks of heavy losses.
Business cooperation

Putin Hails Economic Relationship with Italy in Controversial CEO Meeting

The Russian leader spoke to leading Italian executives despite ratcheting tensions with Europe over Ukraine.
SHRINKING FORTUNES

Russian Billionaires Lost $28Bln in Market Sell-Off

Russian assets have been under heavy pressure amid the ongoing standoff over Ukraine.
‘OUR HANDS ARE TIED’

As Markets Crash and War Fears Grow, Russia’s Business Elite Suffers in Silence

Some of the country’s most successful executives are preparing for heavy losses, but unable to speak out or influence events.
hi-tech agriculture

In the World’s Biggest Country, Vertical Farming Gains Ground

Despite Russia’s status as an agricultural superpower, hi-tech, intensive, indoor farming is gaining a foothold.
GIG ECONOMY

New Tax Scheme Lures 4 Million Russians to Self Employment

Most of the freelancers run taxi, repair and delivery, marketing and real estate services.
BLACK MONDAY

Russia’s Central Bank Steps In to Halt Ruble Slide as Markets in Freefall

Russia’s Central Bank was forced to halt foreign currency purchases in a bid to stop a dramatic slide in the value of the ruble.
HOME FRONT

Ukraine Standoff Threatens to Derail Russia’s Domestic Battle Against Inflation

Even without invasion, the crisis is accentuating rising price pressures at home.
currency control

Russian Central Bank Seeks to Ban Crypto Mining, Investment

Russia has the world’s third-largest share in the global crypto mining market behind the United States and Kazakhstan.
‘SEVERE CONSEQUENCES’

Biden Threatens Dollar Ban on Russian Banks

The U.S. said it could block Russian financial institutions from trading in dollars if Moscow invades Ukraine.
Heavy Losses

Investors Continue to Ditch Russian Assets Amid War Fears

Russia’s largest companies have lost more than $100 billion in value over the last week.
DEAD END

Russian Ruble, Stocks, Slide as Security Talks Fall Flat

Russian officials have said they see no point in returning to the negotiating table any time soon.
'breakdown in relations'

Sanctions on Putin Would be Step Too Far, Kremlin Warns U.S.

Moscow has hit back at Washington's proposed sanctions package if Russia invades Ukraine.
PRICE PROBLEMS

Russia’s 2021 Inflation More Than Double Official Target

Prices rose by 8.4% — a six-year high — as the Central Bank looks set to continue hiking interest rates.
'major consequences'

U.S. Senators Ready Sanctions if Russia Invades Ukraine

The sanctions would target Putin and Russian banks, and provide $500 million in fresh security aid to Kyiv.
squeezed supplies

Russian Gas Policies Hurting Europe – IEA

Moscow is facing renewed criticism for not supplying more gas to the continent as it grapples with record high gas prices.
DEOFFSHORIZATION 

Russia Tightens Rules on Offshore Holding Companies

Dozens of Russian companies with Cypriot headquarters will lose access to government support under new rules.
2022 LOOK AHEAD

Russia’s Business Owners Fear Kremlin Pressure Set to Tighten

The country’s biggest businesses will be asked to contribute even more to Russia’s development.
2022 LOOK AHEAD

Russia’s Economy Set to Face Old Problems in New Year

After a swift recovery from the coronavirus recession, the Russian economy is facing a familiar set of challenges.
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