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pay the toll

Russia to Pay 1.1Bln Euros Per Year Under EU Carbon Tax – Reports

Russia will likely pay more taxes to the EU than any other country, RBC cited its calculations as saying. 
BIG MOVE

Russian Central Bank Unveils Largest Rate Hike in 7 Years

Bank opts for rare move of raising key rate by full percentage point as inflation pressures show little sign of slowdown.
maintained innocence

In Final Court Statement, U.S. Investor Calvey Says Acquittal Will Boost Russian Economy

Michael Calvey, a veteran foreign investor, faces a six-year suspended sentence on embezzlement charges that have rattled Russia's business community.
Billionaire Club

Premium Healthcare Provider Becomes Russia’s Latest $1Bln Unicorn

Stock market debut values European Medical Center at $1.1 billion after pandemic took revenues to record high.
Chilling Effect

Russian Prosecutors Seek 6-Year Suspended Sentence for U.S. Investor Calvey

Michael Calvey offered a blistering response Thursday to prosecutors' request for a six-year suspended sentence.
The Ice Navy

Russia Races to Build Giant Icebreakers for Arctic Dominance

Experts say the icebreakers will be a game-changer for Russia's use of the Arctic.
FLATPACK PROBLEMS

IKEA Used Illegal Russian Wood in Furniture, Campaigners Say

NGO says Swedish firm sourced Siberian pine from company in break with environmental and forestry laws.
CLOCK'S TICKING

Russian Companies Scramble to Meet Mandatory Vaccination Deadline

Service-sector businesses have just days left to ensure 60% of their staff have received a first dose.
CONTROVERSIAL PROJECT

Nord Stream 2 Chief Says Pipeline Will be Finished This Summer

Despite the threat of U.S. sanctions, company hopes gas will start flowing through the pipeline this year.
WELL-CONNECTED MIDDLEMAN

A Royal Mark Up: How an Emirati Sheikh Resells Millions of Russian Vaccines to the Developing World

The Moscow Times investigated a deal between Russia and a minor Dubai royal to supply poor countries with Sputnik V — at high prices.
in the red

Russia Faces Huge Revenue Losses From Renewables Push, Finance Minister Warns

Russia is the world’s top energy exporter and its economy is heavily dependent on oil and gas.
MONEY PROBLEMS

Russia’s Inflation Rate Climbs Higher Again

Prices are rising at 6.5% in annual terms, well ahead of the Central Bank’s comfort zone.
Campus Upgrade

Russia's Yandex to Launch Delivery Robots in U.S.

Yandex said it would partner with U.S. delivery giant Grubhub to deploy the self-driving rovers at 250 college campuses across the United States.
MANDATORY VACCINATIONS

Demand Finally Outstrips Supply in Russia’s Vaccination Race

As mandatory vaccination programs kick-start a sluggish jab campaign, the country’s regions are facing shortages.
BUYK

Russian Food Tech Startup Scoops $46M For U.S. Launch

Samokat will launch in New York over the summer — the latest Russian tech company with eyes on lucrative Western markets.
UNPRECEDENTED

How Will Moscow’s Mandatory Vaccination Drive Work?

The Russian capital is rolling out one of the broadest mandatory vaccination programs in the world.
‘PERIODIC TURBULENCE’

Some Investors Sense Buying Opportunity in Russia-U.S. Détente

Russian market could benefit from geopolitical calm, but Black Sea skirmish shows Russia has a habit of delivering negative surprises.
aviation corruption

Russia Detains Senior S7 Airlines Staff for Selling Pilot Jobs – Reports

The pilots are accused of taking bribes in exchange for employing pilots of Russia’s first medium-haul Airbus A320neo planes.
STAYING THE COURSE

Russia’s Third Wave Unlikely to Faze Central Bank

Governor Elvira Nabiullina “dead set” on bringing inflation down, despite rising coronavirus numbers and hospitalizations.
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