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Russian Central Bank Holds Key Rate Despite Fears of Economic Slowdown

The high lending rates have put increasing pressure on businesses, with top corporate leaders urging the central bank to ease monetary policy.

This Belarusian Firm Supplies Western Tech Giants Like Apple – And Russia's Defense Industry

Izovac and its affiliates have supplied some $200 million in equipment to Russian defense contractors since the invasion of Ukraine, according to an investigation...
4 Min read

Swiss Commodities Giant Glencore Sells Off RussNeft Stake

Glencore first invested in RussNeft in the early 2000s, playing a role in the company’s development at a time when Russia’s oil sector was rapidly...
2 Min read

Russian Stock Market, Ruble Tumble on News of Downgraded Ukraine Peace Talks

Analysts forecast that the ruble and the Russian stock market will likely continue to decline through the end of the week.
2 Min read

Ex-Husband of Russia’s Wealthiest Woman Ordered to Pay Her $2.6M

Wildberries’ merger with Russ Group last year sparked a bitter corporate and personal dispute between Tatiana Kim and Vladislav Bakalchuk.
2 Min read

Russian Economic Officials Brace for Lowest Oil Prices Since Pandemic

The Economic Development Ministry has reduced its 2025 forecast for the average price of Urals crude to $56 per barrel, its lowest level since 2020.
3 Min read

Raiffeisen Pauses Russian Bank Sale Amid U.S.-Russia Talks – FT

Raiffeisen Bank International has faced pressure from both U.S. and European authorities to reduce its presence in the Russian market.
2 Min read

Moscow Court Awards Russia’s Wealthiest Woman Ex-Husband’s Stake in Online Retailer

Tatiana Kim divorced her ex-husband Vladislav Bakalchuk after a surprise merger with outdoor advertising firm Russ Group last summer.
1 Min read

Russia to Supply Army Using Seized U.S.-Owned Food Company – Reports

Glavprodukt’s new management reportedly claimed the takeover was needed to ensure stable supplies to the National Guard and the Defense Ministry.
2 Min read

China Spikes Kremlin’s Proposed Power of Siberia 2 Alternative

The proposal envisioned the delivery of up to 45 billion cubic meters (bcm) of Russian natural gas annually to China via Kazakhstan.
2 Min read

Russian Ruble Surges, Becoming World’s Best-Performing Currency

The ruble has strengthened 38% versus the dollar on the over-the-counter market since the beginning of this year, data compiled by Bloomberg shows.
2 Min read

Wildberries Accused of Hiring North Koreans at Moscow Region Warehouse

The online retailer said it launched a pilot project to employ foreign laborers but did not address claims that it recently hired “hundreds” of North...
2 Min read

Between Trump's Tariffs and an Oil Price Slump, How Bad Do Things Look for Russia’s Economy?

Trump's trade wars are unlikely to bring down the Russian economy, but they could lead to a new wave of price hikes and raise the risk of recession.
4 Min read

Russia’s Inflation Stays Above 10% in March

Stubborn inflation and the ensuing high interest rates continue to be a major concern for Russian policymakers. 
1 Min read

Russia Faces Looming Housing Shortage as Construction Slows

New housing projects in the first quarter of 2025 amounted to just 8.1 million square meters — a 24% drop compared to the same period last year.
2 Min read

Buyback Options Expired for 30% of U.S. Companies That Left Russia, AmCham Says

AmCham Russia President Robert Agee previously estimated that around 150 U.S. companies have left Russia, while a similar number remain.
2 Min read

Russia's IT Sector Fears Re-Entry of Western Competitors

Russian IT companies are concerned that increased foreign competition might make their already precarious situation yet more difficult.
5 Min read

Asian Business Giants Thrive in Russia Despite Sanctions

Their presence reveals a divergence between Western corporate exodus and Eastern mercantile strategy.
3 Min read

Russia Asked U.S. to Lift Sanctions From Aeroflot, Lavrov Says

“The Americans considered it, but so far we haven’t seen any response,” the Russian foreign minister said at a conference on Friday.
2 Min read
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