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microlending boom

Russia’s Payday Loans Hit Record High in March

The Central Bank has said that borrowers’ average indebtedness has risen due to falling incomes driven by the coronavirus pandemic.

Russia Fines Apple $12M for Blocking Third Party Apps

Cybersecurity firm Kaspersky claims Apple rejected an app update that was a competitor to Apple’s Screen Time feature.

opinion Maria Shagina

Don’t Underestimate Importance of Joe Biden’s First Sanctions Move

The U.S. has paved the way for much tougher measures in the future, should Russia not change its behavior.

DEDOLLARIZATION

Dollar Falls Below 50% in Russia’s Export Mix

Symbolic milestone reached thanks to surging use of euro in Russia-China trade.

Russia Hikes Interest Rates in Battle to Tame Inflation

The regulator raised interest rates to 5% in a meeting Friday.

Should Russian Banks Be Scared of SWIFT Disconnection?

Talk of financial Armageddon should Russia be kicked out of the system may be overblown.

Corruption Convictions Fall to Lowest Level Since 2012

Prosecutions for large-scale bribery surge, while petty corruption charges decline.

STATE OF THE NATION

Putin Announces New Cash Handouts, Familiar Policies in Pre-Election Pitch

Bonuses for families were top of the agenda in a state of the nation address focused on Russia’s domestic problems.

Russia Probes YouTube for 'Abusing' Dominant Position – Regulator

The move comes as Russia ramps up pressure on foreign tech platforms.

Billionaire Deripaska Walks Back Criticism of Russia’s Poverty Figures

Deripaska edited his Telegram post to praise Putin’s government for supporting workers and small businesses during the pandemic.

Russian Markets Shrug Off New Sanctions

The ruble and stock market have recovered, but risks remain.

speedy expansion

Russia's Yandex to Launch Rapid Delivery in France

The "Russian Google" is also gearing up to start operations in London.

Explainer: Why Is the U.S. Sanctioning Russia and What Impact Will it Have?

The U.S. has imposed the widest anti-Russia sanctions since 2018.

Competition Authorities Open Case Against Yandex for Abusing Search Dominance

Russia’s largest search engine is accused of promoting its own services at the expense of its rivals.

Half a Million Russians Shut Out of Turkey After Virus Restricts Travel Again

Russia will drastically cut flights to and from Turkey, a top destination for Russians, from April 15-June 1 due to rising Covid-19 cases.

AMERICAN EXPANSION

Russia’s Top Online Retailer Targets U.S. Market

Wildberries launches on Amazon’s home turf in latest international expansion.

Russia May Have Passed Peak Oil Output – Government

Russia’s oil production is unlikely to recover to pre-coronavirus levels, according to a government strategy document cited by Kommersant.

LAUNCH SCHEDULED

Russian Timber Outfit Segezha Eyes $400M in Moscow IPO

Exporter hopes to capitalize on surging global demand for green non-plastic packaging options.

Labour migration

As Russia Cracks Open Gate, Rush for Air Tickets Ensues in Tajikistan

People are resorting to desperate measures to get hold of the money needed to buy the costly air tickets to Russia.

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