Business - The Moscow Times

Support The Moscow Times!

Contribute today

Surging Food Prices Threaten Russians’ New Year Celebrations

Prices for some of the nation’s most-loved New Year dishes have surged and high inflation continues to eat into household budgets.

contraband chachkis

Russia Briefly Bans Etsy Over Knockoff Designer Goods – Kommersant

Access to the website was restored after Etsy removed the knockoff page that sold fake products from brands like Gucci.

Gazprom Gains Control of Russia’s Top Social Network

VK's CEO has also resigned as part of sweeping changes that boost Kremlin control over VKontakte.

Russia Launches Homemade TikTok Alternative

State-owned media conglomerate launches new video-sharing platform as Russia ramps up pressure on foreign tech companies.

Russia’s Gazprom Reports Record Profits as Gas Prices Soar

Europe receives a third of its gas supplies from Russia and has seen energy prices surge to record highs in recent months.

Russia’s Aeroflot Posts First Profit Since Start of Coronavirus

Domestic travel boom and opening up of international routes lifts results at Russia’s flagship airline.

‘Nu’ Problems

Russian Markets Tumble on Discovery of ‘Worst Ever’ Coronavirus Strain

Scientists have said the ‘Nu’ variant of the coronavirus, first discovered in South Africa, could be the most transmissible yet.

Not beyond sanctions

Beyond Meat Hit by Russian Counter-Sanctions

Supplies of the U.S. plant-based meat alternative have been disrupted for months.

'neither a traitor or spy'

Russian Cybersecurity Entrepreneur Detained for Treason Claims Innocence

“I am neither a traitor nor a spy, I am a Russian engineer," Group-IB founder Ilya Sachkov wrote in a letter to President Vladimir Putin.

U.S. Slaps Sanctions on Another Nord Stream 2 Firm

The U.S. is opposed to the gas pipeline, but has stopped short of sanctioning the main companies involved.

Moscow Overtakes Paris and London as Go-to Destination for Wealthy Arab Tourists

Tourists from the Middle East are turning to Moscow as Covid-19 restrictions prevent them from visiting European capitals.

Russia’s Gazprom Threatens to Cut Off Gas to Moldova

The Russian energy giant has given Moldova 48 hours to pay.

Russian Markets Slide on Ukraine War Fears

Ruble and stocks in the red as talk of military confrontation spooks investors.

INFLATION WORRIES

Russian Caviar Prices Hit Record High Ahead of New Year

Caviar with butter on bread or pancakes is typically served for dinner on New Year's Eve, Russia's biggest annual holiday.

PRICE CONSCIOUS

Rising Inflation Gives Boost to Russia’s Discount Retailers

Surging prices and weak wages are a win-win for Russia’s bargain stores, even as the wider economy slows.

Russia’s Economy Grew Strongly in Third Quarter

But economists say Russia’s economic momentum is waning under the pressures of a fourth wave and high inflation.

Germany Suspends Nord Stream 2 Certification

Regulator says Gazprom-owned operator needs to establish German subsidiary before it can approve the pipeline.

turning the taps

Gazprom Starts Boosting EU Gas Supplies, Rejects Offer of Extra Capacity

The company has rejected an opportunity to book extra transit capacity through Ukraine and Belarus for the third month running, even as it starts to boost...

Russia's Small Business Share Hits Record Low

Small businesses account for less than one in every eight rubles of corporate turnover.

View more articles