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Business
News Analysis
Russia vs. the World: New Data Exposes Putin’s Struggle to Attract Global South Investment
Moscow is still a long way from persuading its much-touted Global South partners to place real trust in the Russian economy, as two recent indicators show...
Russian Factories Hired Nearly 50K Foreign Workers in 2024 – Labor Ministry
The latest data comes as Russia grapples with a shrinking domestic workforce.
1 Min read
opinion
Jason Corcoran
Putin’s Davos Reduced to Taliban, Nepo Babies and Pariah States
The St Petersburg International Economic Forum used to be a hub of global dealmaking. Now it is a glitzy playground wrapped in state propaganda.
5 Min read
In Photos: Promoting a ‘Multipolar’ World at the St. Petersburg International Economic Forum
Once dubbed the “Russian Davos,” the forum now reflects Moscow’s post-2022 pivot towards Asia and Africa, amid its isolation from the West.
1 Min read
At Flagship Forum, Putin Promotes BRICS Growth and Economic Restructuring
The president said Russia’s GDP growth had outpaced the global average in recent years despite what he called a “complex external environment.”
3 Min read
Sberbank CEO Warns High Rates and Strong Ruble Creating ‘Perfect Storm’ for Russian Economy
German Gref said real interest rates were cutting into business profits and forcing companies to postpone investment decisions.
2 Min read
Foreign Investment in Russia Falls to Lowest Level Since 2001, UN Report Says
Analysts point to a rise in state seizures of private assets, including the recent nationalization of Domodedovo Airport, as a deterrent.
2 Min read
Russian Business Lobby Calls for Training Skilled Workers in India to Combat Labor Shortage
A board member of Russia's leading business lobby made the proposal at the St. Petersburg International Economic Forum.
2 Min read
Russia’s Economy Minister Warns of Looming Recession
Speaking at SPIEF 2025, Economy Minister Maxim Reshetnikov said "current business sentiment and indicators" point to a downturn.
1 Min read
Russian Steel Executive Rings Alarm Bells for Struggling Industry
A strengthening ruble and high interest rates have choked demand and profitability, making imminent production cuts and plant closures a possibility.
2 Min read
Russia Ramps Up Borrowing as Oil Revenues Falter and War Spending Soars
By front-loading its borrowing, the Finance Ministry is building a fiscal buffer in case markets turn against it later this year, analysts said. But the...
3 Min read
Russian Economy at Risk of Overcooling, Sberbank Executive Warns
“We may not be able to come out of this slump,” Sberbank First Deputy CEO Alexander Vedyakhin told Reuters.
2 Min read
Car Sales in Russia May Fall by 25% in 2025, AvtoVAZ CEO Says
“The market is clearly going to decline, and we expect that drop to be about a quarter compared to last year,” CEO Maxim Sokolov told state media.
1 Min read
St. Petersburg Economic Forum 2025 Opens With ‘Multipolar’ Focus
Among the 50 countries sending government officials to the event are China, Vietnam, Iraq, Saudi Arabia and the Central African Republic.
2 Min read
Russians Turn to Pasta and Bread Amid Record Potato Price Increases
Despite official attempts to frame this dietary shift as a choice for “higher-quality foods,” the data paints a picture of economic strain.
2 Min read
Ruble Overtakes Dollar in Russian Export Payments
The sharp rise in ruble-based transactions is being driven not by global trust in the Russian currency, but by the expansion of opaque payment systems...
2 Min read
Dodo Pizza Owner Finalizes Legal Move to Kazakhstan
Founded in 2011 by Russian entrepreneur Fyodor Ovchinnikov, Dodo Brands has expanded into Europe, the Middle East, Africa and Southeast Asia, operating...
2 Min read
Russian Oil Prices Up Nearly 15% After Outbreak of Israel-Iran Fighting
Despite the increase, prices remain below the government’s expectations for balancing its budget this year.
2 Min read
Oil Prices Surge, Russian Stocks Rise as Israel-Iran Tensions Grow
The Russian stock exchange rose slightly at the start of trading Friday, with oil and gold companies seeing the biggest increases in share prices.
2 Min read
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