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Russian Recruitment Platform Headhunter Cements $1Bln Valuation

Valuation up more than $300 million from IPO in May 2019.

Russian Economy Won't Reach Pre-Coronavirus Level Until 2024

Recovery will be among the world’s slowest.

PIPELINE POLITICS

U.S. Opens Way for Tougher Sanctions on Russia-Germany Gas Pipeline

Putin has said he hopes the Nord Stream 2 project will be completed by early 2021 after delays caused by the U.S. sanctions.

CORONAVIRUS RECESSION

Russian Economy Shrank 10% in Second Quarter – Central Bank

Oil production cuts outweighed recent recovery in other parts of economy.

Russia Sold More Gold than Gas For the First Time in Almost 3 Decades

Quarterly exports of the precious metal overtook Gazprom’s pipeline exports.

Environmental Damage

Arctic Spill Fuels Calls for Shakeup at Russian Mining Giant

Aluminum producer Rusal, which owns 28% in Norilsk Nickel, said it was "seriously concerned" over the recent accidents.

Russia Resets Ambitious National Development Plan

The $360 billion National Projects plan was already running behind schedule.

PRIME SANCTIONS

U.S. Fines Amazon for Crimea Orders

Technology giant found to have breached sanctions against operating on the annexed peninsula.

Russian Mining Giant Disputes $2Bln Arctic Oil Spill Fine

Nornickel said it would cover the cleanup costs, but is contesting the Russian authorities’ numbers.

Central Asian Migrants Worst Hit by Coronavirus Job Losses in Russia

Four in ten migrant workers became unemployed during the crisis.

EU Carbon Tax Could Cost Russia 33Bln Euros – RBC

KPMG warns leading businesses of higher emissions tariffs.

WINDOW SHOPPING

Idle Moscow Stores Reveal Emerging Economic Scars

Shop vacancy rates in the Russian capital are set to hit a record high, and experts expect a wave of bankruptcies in Russia’s services sector.

ENVIRONMENTAL DAMAGE

Russia Demands $2Bln From Mining Giant Over Arctic Oil Spill

Nornickel requested to cover the costs of the massive cleanup operation.

U.K. Designates 25 Russian Individuals in New Rights Sanctions

Britain on Monday identified 49 individuals and organizations to be sanctioned under a new regime targeting people who violate human rights, 25 of them...

PIPELINE PROBLEMS

Denmark Paves Way for Russia's Nord Stream 2 Restart

Russia could restart construction on final pipeline stretch, while U.S. mulls super sanctions bill against project.

FOREIGN INTEREST

Russia Secures Lowest Number of Foreign Investment Projects Since 2014

A third of FDI projects across Europe have been hit by the coronavirus pandemic.

Putin’s WWII and Referendum Holidays Cost Russian Economy More Than $5Bln

The government added two extra public holidays to stage delayed Victory Day parade and assist constitutional vote.

Russia’s Top Firms Criticize Government’s Coronavirus Support Package

Businesses report excessive bureaucracy, daily requests for data and fear that political favors will be required in exchange for cheap loans and tax deferrals...

Yandex and Sberbank Finalize Divorce

One of the most high-profile Russian corporate partnerships is winding up.

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