Support The Moscow Times!
Contribute today

Business

New Car Prices Rise in Russia as Tax Hikes Take Effect

Higher prices are expected to weigh on sales after strong late-2025 demand, when buyers rushed to purchase cars before increases took effect.

$500M in Telegram Bonds Frozen in Russia Due to Sanctions – FT

The freeze highlights Telegram’s continued exposure to Russian capital despite efforts by its founder Pavel Durov to distance himself from Moscow.
2 Min read

Russia’s New-Build Home Sales to Fall in 2026, State Housing Agency Says

Dom.RF said the expected decline reflects stricter rules for the government’s family mortgage program, which dominated the market last year.
3 Min read

Russia’s Economy in 2026: More War, Slower Growth and Higher Taxes

The economy is likely to slide from a phase of “managed cooling” into outright stagnation this year, with recovery unlikely before 2027.
4 Min read

Gazprom’s Gas Exports to Europe Fall to Lowest Level Since Early 1970s

Gas supplies to Europe fell by a further 44% in 2025, reducing flows to 18 billion cubic meters (bcm).
2 Min read

India’s Russian Oil Imports Set to Fall to Lowest Level Since 2022 – Bloomberg

Levels could rise again in January as India’s largest refinery resumes deliveries.
1 Min read

Moscow’s Domodedovo Airport to Go Up for Auction After State Seizure

In June, a court ruled to transfer ownership of Domodedovo to the state after determining its two owners were foreign residents who had no right to manage...
1 Min read

Citigroup Approves Sale of Russian Operations, Flagging $1.2Bln Loss

AO Citibank, which conducts the company’s remaining operations in Russia, will be sold to Renaissance Capital.
1 Min read

Russian Manufacturing Activity Falls for Seventh Straight Month as 2025 Ends

The S&P Global Purchasing Managers’ Index (PMI) fell to 48.1 in December, below the 50-point threshold that separates growth from contraction.
2 Min read

Russian Business Leaders Ask Putin to Ease Wave of Nationalizations – Kommersant

Wartime state asset seizures have affected factories, ports and major corporations worth more than 4 trillion rubles ($43 billion).
2 Min read

Did Russia’s Defense-Sector Boom Peak in 2025?

Signs are pointing to a slowdown in the war industry, raising questions about how long Moscow can sustain its current level of military output.
4 Min read

Putin Signals Support for Online Marketplaces in Dispute With Banks – The Bell

The Bell suggested that Putin’s apparent affinity for online marketplaces may be influenced by his close ally Yury Kovalchuk, who is reportedly connected...
2 Min read

Russia’s Tax Service Demands $121M in Back Taxes From Road Builders

Companies reportedly used fictitious documentation and fragmented chains of contractors to siphon off funds and reduce their tax liabilities.
1 Min read

Russia’s Restaurant Sector Shrinks for First Time Since 2022 as Costs Rise and Demand Slows

Rising labor costs, higher rents and more expensive ingredients are weighing on the sector while consumers are becoming more cautious.
2 Min read

Russia Sees Wave of Criminal Cases Over Defense Contract Failures

At least 34 people have faced criminal charges over failures to fulfill state defense contracts since the full-scale invasion of Ukraine.
1 Min read

Russia’s Gas Export Revenues Set for Third Straight Year of Decline

If confirmed, this year’s figure would be the lowest since the pandemic-hit year of 2020.
2 Min read

Russia Faces Growing Oil Glut as Cargos Linger Offshore – Bloomberg

While Russia's seaborne shipments are rising, much of the oil being shipped is not reaching end buyers.
2 Min read

Russian Oil Producers Feel Increasing Strain as U.S. Sanctions Push Prices to Pandemic Lows

Producers are struggling to cover capital expenditures at several fields at current Urals crude prices, sources at Russian oil companies told Reuters.
2 Min read

Sheremetyevo Airport to Raise Airline Service Fees in 2026

Russian carriers will face a 10% increase in fees, while foreign airlines will see their service fees increase by 3%.
1 Min read
View more articles