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Business
cut ties
Ex-German Chancellor, Nord Stream CEO Resign from Rosneft
Gerhard Schroeder and Matthias Warnig are both long-term friends of Russian President Vladimir Putin.
'strategy update'
Russia’s Sber Sells Off Digital Services to Evade Sanctions – Reports
Sber has sold its video, audio and sports streaming platforms, as well as its cloud technology and biometric system research center.
Big Mac To Go
McDonald’s Agrees Sale of Russian Restaurants to Siberian Oil Magnate
Govor already operates 25 of the chain’s restaurants in Russia.
Full Speed Ahead
Russia Approaches Chinese Firms to Revive Soviet-Era Moskvitch Cars – Reports
Moscow’s mayor announced plans to bring back the model after nationalizing the city's Renault-owned car plant.
financial insolvency
Google Russia to File for Bankruptcy
The tech giant's Russian subsidiary was fined $113.5 million in December 2021 for failure to remove content banned in Russia.
market woes
Mortgage Loans Suffer ‘Largest Fall’ in Russia’s History – RBC
The fourfold decrease comes despite government measures to avert the fallout from war-related Western sanctions.
Goodbye Golden Arches
McDonald’s to Sell Russian Business, Ending 32-Year Presence
The U.S. fast-food giant will sell 847 restaurants across the country to a local buyer.
change of hands
Russia to Nationalize Renault Plant, Revive Soviet-Era Moskvitch Car After Handover
Renault had had the most exposure to the Russian market among Western carmakers before it pulled out over the invasion of Ukraine.
Spoiled Season
Crimea Tourism Industry Hit by Ukraine War Disruption
Russian tourists are canceling holiday bookings because of travel difficulties and safety concerns.
shipping sell-off
Russia’s Sovcomflot Sells Tankers as Sanctions Loom – WSJ
The European Union and Britain have ordered banks and companies to extricate themselves from Russian contracts by May 15.
shrinking inventories
Ukraine War Drives Up Russia’s Auto Part Prices – Kommersant
“There’s enough spare parts in stock for two to four months of work,” one dealer said.
economic confidence
Putin Says Sanctions Hurting West More Than Russia
Putin also welcomed the "gradual" slowdown as well as the recovery of the ruble.
energy artery
Russia’s Gazprom Halts Gas Transports to Europe Via Poland Pipeline
The Yamal-Europe pipeline can carry up to 33 billion cubic meters of gas from Russia's Yamal peninsula and western Siberia to Germany.
big league
Abramovich Sells Chelsea Football Club for Record Price
The club was purchased by a U.S. consortium, but Abramovich will not personally benefit from the sale.
'Winding down'
Siemens Announces Russia Exit Over Ukraine War
The company also vowed to provide humanitarian assistance in Ukraine.
shipments by train
Russian Rail Freight Falls in 6-Year First – Vedomosti
Experts linked the drop to disruptions in export supply chains from western sanctions imposed on Russia.
Sanctions Impact
Russia Car Sales Sink 78.5% in April
Just 32,706 vehicles were sold in April, according to the Association of European Businesses.
blocked transit
Ukraine Says Russia Halts Gas Supplies at Key Transit Point
The move fuels fears that the Kremlin's invasion could see gas supplies to Europe via Ukraine cut off.
Pirating goods
Moscow Allows Sanction-Busting Imports
This mechanism will allow Russia to avoid shortages of goods that it is currently unable to produce itself.
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