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Business
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...
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
Gazprom Abandons Bolivia’s Azero Project After 16 Years of Unfulfilled Promises
The failure of Gazprom’s Azero venture is more than just an economic footnote; it is a cautionary tale of geopolitical overreach and energy sector overpromising...
4 Min read
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