Support The Moscow Times!
Contribute today

Business

Major Kuzbass Coal Mine Halts Operations, Leaving Hundreds Without Pay

The suspension highlights growing instability in Russia’s coal heartland.

Leading Russian Coal Producer to Receive State Support Amid Deepening Industry Crisis

Mechel chief executive Oleg Korzhov said the industry is facing “significant difficulties,” and coal producers are bracing for a downturn in sales...
3 Min read

Sberbank Approves Record $10Bln Dividend Payout

The lender plans to continue paying 50% of its net profit in dividends through at least 2026, Kommersant reported.
1 Min read

Government Price Caps Put Russia’s Breadmakers in Jeopardy, Producer Warns

Bread prices rose 14.6% last year, a rate one and a half times faster than overall inflation. The government is now considering price caps to tame the...
2 Min read

Sberbank Workaround Lets Customers Send Money to Europe – The Bell

Legal experts told journalists that the workaround for transferring funds does not technically breach sanctions due to the use of intermediaries.
2 Min read

Russian Businesses Take Aim at Employee Bonuses in Cost-Cutting Measure – Izvestia

Almost one-third of Russian workers who previously received bonuses reported either a reduction or total loss of bonuses over the last year.
2 Min read

Losing $300Bln in Frozen Assets Is a Price Worth Paying to Break Western Grip on Global Finance, Putin Says

He argued that Western appropriation of Russian funds would trigger an “irreversible trend toward the regionalization of payment systems.”
2 Min read

Defense Drives Russia’s Industrial Growth as Civilian Production Contracts

Analysts warn that Russia’s economy has become disproportionately driven by the military-industrial complex in the fourth year of its invasion of Ukraine...
2 Min read

Russia Has Imported 1Bln Euros in Sanctioned Aircraft Parts Since 2022 – Yle

Russia has built a vast international network of 360 companies to bypass Western sanctions banning the sale of Airbus and Boeing parts to Russia, Yle reported...
2 Min read

North Korea Targets Russian Tourists with New Beach Resort

The Wonsan Kalma resort, located near a former missile testing site, is set to open for domestic tourists in July but is expected to cater to primarily...
2 Min read

Sanctions-Busting Kyrgyz Cryptocurrency Moves $9 Bln – FT

The stablecoin, A7A5, is pegged to the ruble and backed by ruble deposits at Russia’s state-run Promsvyazbank.
2 Min read

1 in 3 Russian Businesses Say Conditions Have Worsened in 2025 – Survey

The results mark the highest level of pessimism since Russia’s full-scale invasion of Ukraine in 2022.
2 Min read

Russian Military Electronics Supplier Faces Shutdown Over Underpriced State Contracts

Optron-Stavropol, a supplier of power semiconductors for MiG, Sukhoi and Tupolev aircraft, as well as the next-generation MC-21 airliner, halted operations...
2 Min read

Russia Is in a ‘Fight for the Future’ Against Western Innovation, Rostec Chief Says

The Rostec CEO outlined a vision for Russia’s path forward built on self-reliance, innovation and sovereign development.
2 Min read

In a Prolonged Israel-Iran Conflict, Russia’s Economy Stands to Reap the Benefits

Moscow benefits most from a protracted conflict that leaves uncertainty over energy supplies but does not spill over into all-out war.
4 Min read
News Analysis

Russia vs. the World: New Data Exposes Putin’s Struggle to Attract Global South Investment

Moscow is still a long way from persuading its much-touted Global South partners to place real trust in the Russian economy, as two recent indicators show...
4 Min read

Russian Factories Hired Nearly 50K Foreign Workers in 2024 – Labor Ministry

The latest data comes as Russia grapples with a shrinking domestic workforce.
1 Min read
opinion Jason Corcoran

Putin’s Davos Reduced to Taliban, Nepo Babies and Pariah States

The St Petersburg International Economic Forum used to be a hub of global dealmaking. Now it is a glitzy playground wrapped in state propaganda.
5 Min read

In Photos: Promoting a ‘Multipolar’ World at the St. Petersburg International Economic Forum

Once dubbed the “Russian Davos,” the forum now reflects Moscow’s post-2022 pivot towards Asia and Africa, amid its isolation from the West.
1 Min read
View more articles