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Business
Russia to Mine Bitcoin in BRICS Countries
The project could see the BRICS group of nations — which already has a combined gross domestic product larger than the G7 — build a crypto-based payment...
Trump’s Win Gives Optimism to Russian Brokers
“All the talk this morning is about how to trade Russia and whether sanctions will be thrown off,” FT wrote.
1 Min read
IKEA Sells Last Remaining Warehouse in Russia
The IKEA distribution center’s value is estimated at between $163 million and $183.5 million, industry experts said.
2 Min read
Putin’s Guns-And-Butter Economics Take a Blow as Russia Turns to Turkish Dairy Farmers
The price of a block of butter has risen by 26% since December, pushing officials to seek new suppliers abroad.
2 Min read
3 Ways Trump's Victory Will Impact the Russian Economy
At least from an economic point of view, there are no good omens for a second Trump administration.
4 Min read
Russia’s Central Bank Signals ‘Very Likely’ December Rate Hike
“While a rate hike at the next meeting is not predetermined, its probability is very high,” the regulator said in a new summary of last month’s policy...
2 Min read
Butter Prices Spike in Russia. Dairy Producers Blame Ice Cream
The surging prices have led to increased thefts in some supermarkets and prompted Moscow to boost imports of the staple good.
2 Min read
Russia’s Central Bank Chief Vows ‘Tough’ Response in Fight Against Inflation
“We’re not planning to take any shortcuts as we move toward our 4% target,” Russian Central Bank Governor Elvira Nabiullina told lawmakers.
2 Min read
Russia Fines Google $2.5 Decillion Over YouTube Bans – RBC
Google reportedly began accumulating daily penalties of 100,000 rubles in 2020 after it was ordered to restore pro-government YouTube channels.
2 Min read
G7 Agrees New Steps to Curb Russian Sanctions Evasion
The G7 finance ministers also said they would take additional measures aimed at "increasing the costs to Russia of using the shadow fleet to evade sanctions...
2 Min read
Russia’s Central Bank Raises Key Rate to Historic 21%, Signals Aggressive Fight to Curb Inflation
Inflation continues to weigh on Russia’s economy amid surging military spending for the war in Ukraine.
2 Min read
French Supermarket Chain Auchan to Sell Russian Business – Reports
Auchan’s Russian subsidiary dismissed the reports, calling them “rumors” that have circulated for years.
1 Min read
Is Russia’s Wartime Wage Boom Coming to an End?
Some say the period of rising wages, ushered in by rising demand for labor amid the war effort, is a new reality for the economy. For others, it is a bubble...
4 Min read
IMF Raises Russia’s Growth Forecast for 2024
The IMF now expects the Russian economy to expand by 3.6% this year, up from a previous forecast of 3.2%.
1 Min read
Russia’s Real Estate Market Rocked by the End of Generous Mortgage Subsidies
Russia is now facing a housing affordability crisis which will compound the coming economic slowdown in 2025.
6 Min read
Putin Touts BRICS Economic Growth at Business Forum
“The member countries of our association are in fact the drivers of global economic growth,” the Kremlin leader said.
2 Min read
Russia Restricts Fruit, Vegetable Imports From Kazakhstan
Rosselkhoznadzor said Kazakhstan’s competent authorities “failed to take measures to ensure the phytosanitary safety of [products sent to] Russian...
2 Min read
Russian Finance Minister Confirms Hike in ‘Exit Tax,’ Sales Discount for Foreign Companies
Mandatory contributions to the Russian treasury will increase from 15% to 35%, while the discount on company sales will go from 50% to 60%.
1 Min read
Russian Pop Star Shaman Seeks ‘Ya Russky’ Trademark for Vodka, Sex Toys
“Ya Russky” has become Shaman’s calling card after he emerged from relative obscurity with patriotic pop songs in the wake of Russia’s invasion...
1 Min read
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