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Business

Russia’s Central Bank Seeks $230Bln From Euroclear Over Frozen Assets

The legal move comes as the EU debates how to use frozen Russian sovereign assets to provide long-term support to Ukraine.

EU Agrees to Indefinite Freeze of Russian Central Bank Assets

The move removes a major hurdle to using the roughly 210 billion euros in Russian sovereign assets immobilized in Europe to support Ukraine.
2 Min read

Lukoil Taps Ex-Trump Adviser to Assist With Overseas Asset Sale

Meanwhile, U.S.-based investment bank Xtellus Partners has reportedly moved to the front of the pack of potential buyers.
2 Min read

Russia’s Shift Workers Face Mounting Wage Payment Delays

In Nizhny Tagil, some 200 workers at a copper mine were effectively left stranded at the work site after going two months without pay.
2 Min read

Russia’s Rostselmash Warns of Reduced Working Hours in 2026 as Demand Slumps

Rostselmash plans to cut output by 30% in 2025 to 2,700 combine harvesters and 800 tractors.
2 Min read

Russia Reports Steep Inflation Drop as High Interest Rates Weigh on Economy

Annual inflation in November dropped to 6.6% compared to 7.7% a month prior.
1 Min read
Feature

Arkady Volozh’s Second Act

The former head of Yandex has made a remarkable business pivot. How did he pull it off?
10 Min read

AvtoVAZ Says It's Considering Building a Rival to BMW X5

The company plans to launch the Lada Azimut crossover in 2026, describing it as a model belonging to a “higher class” than the BMW X5.
2 Min read

Ukraine Detains Cargo Ship Linked to Russia’s ‘Shadow Fleet’ in Odesa Port

The SBU said the ship was involved in “illegal operations in ports on temporarily occupied Ukrainian territory.”
2 Min read

Sberbank Files to Bankrupt Major Russian Electronics Distributor TFN

TFN is the second major Russian smartphone distributor to face creditor action this year.
2 Min read

Russian Rental Prices Flat for First Time Since 2022 – Data

Average rents for a one-bedroom and a two-bedroom apartment are now cheaper than in 2024 when adjusted for inflation.
2 Min read

India Explores Deepening Defense Co-Production With Russia – Reuters

At least six senior executives from major Indian state and private firms as well as drone and military-AI startups took part in the talks, Reuters said...
2 Min read

Russian Oil Prices Fall to Lowest Level Since Ukraine Invasion – Bloomberg

The average discount on Urals relative to Brent crude reached $25.80 per barrel, approaching historical records.
2 Min read

Russians Bring Money Home Despite Easing of Capital Controls, Central Bank Data Shows

This year is now on track to become the first in which households bring home more money than they move out.
2 Min read

Italy's UniCredit Moves Toward Russia Exit as Top Executives Quit and Leasing Assets Sold

Several senior executives have resigned and the group has shed local assets.
2 Min read

Russia Plans Limits on Cash and Gold Exports in Push to Curb Shadow Economy

Officials complain that gold has increasingly become a substitute for foreign currency in illicit transactions.
2 Min read

Russian State Property Chief Steers Assets to Putin Allies – The Insider

Vadim Yakovenko has amassed millions of dollars' worth of real estate and flies on private jets, The Insider reported.
2 Min read

Russia’s MKB Flags Deepening Loan Losses as Bad Debt Surges Eightfold

Clients failed to repay 585 billion rubles ($7.66 billion) in loans on time between January and September.
2 Min read
opinion Charles Hecker

Global Business Didn't Save Russia in the 1990s. It Won't Today, Either.

Washington is not only seeking to extract maximum profit from ending the war, but engaging in magical thinking imagining it will create peace.
5 Min read
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