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Business
vacation's off
Half a Million Russians Shut Out of Turkey After Virus Restricts Travel Again
Russia will drastically cut flights to and from Turkey, a top destination for Russians, from April 15-June 1 due to rising Covid-19 cases.
AMERICAN EXPANSION
Russia’s Top Online Retailer Targets U.S. Market
Wildberries launches on Amazon’s home turf in latest international expansion.
ALREADY PEAKED
Russia May Have Passed Peak Oil Output – Government
Russia’s oil production is unlikely to recover to pre-coronavirus levels, according to a government strategy document cited by Kommersant.
LAUNCH SCHEDULED
Russian Timber Outfit Segezha Eyes $400M in Moscow IPO
Exporter hopes to capitalize on surging global demand for green non-plastic packaging options.
Labour migration
As Russia Cracks Open Gate, Rush for Air Tickets Ensues in Tajikistan
People are resorting to desperate measures to get hold of the money needed to buy the costly air tickets to Russia.
open sales
Zoom to Directly Sell to Russian Gov’t Agencies After Controversy
Earlier reports said that the video-conferencing platform had restricted premium access to Russian state-affiliated entities.
Price politics
Russia’s Central Bank Demands End to Food Price Caps
Inflation climbed to 5.8% last month, official data showed, but the regulator worries caps are the wrong way to address surging prices
Conflict casualty
Ruble Slides on Ukraine Conflict Fears
Currency hits new low for 2021 as stand-off over Ukraine intensifies.
private only
Zoom Bans Sales to Russian Government, State Firms – Kommersant
Experts linked the ban to risks of U.S. sanctions and difficulties complying with Russian legislation.
OUTFLOW
Sanctions Threat Pushes Foreign Share of Russian Debt to 6-Year Low
International investors hold less than 20% of Russia’s government debt for the first time in six years.
Failed Launch
Russia’s First Space Tourism Company Closes
Kosmokurs planned to charge tourists between $200,000 and $250,000 to spend about five minutes in zero gravity.
GREEN revolution
Former Russian Government Official Denis Sverdlov Scores $10Bln With Electric Vehicle Startup
The tech entrepreneur and former deputy minister hopes his electric truck-maker Arrival can become the McDonald’s of the green transport revolution.
online clampdown
Russia Extends Twitter Slowdown, Deadline to Remove Content
Russia said Twitter started cooperating after the country's media watchdog threatened to block it over failing to delete banned content.
PANDEMIC WINNER
Goldman Sachs Russian Unit Sees Record Business Throughout Pandemic
Market volatility and multi-million dollar corporate deals push investment bank profits to new high.
BITTER TASTE
Russian Price Controls Disrupt Sugar Deliveries – Izvestia
The government’s latest measure to cap soaring prices could have backfired, freezing the market.
MCGREGOR EFFECT?
Russia Gets a Taste For Irish Whiskey
Russia is now the second largest market for Irish whiskey in the world.
Problem debt
Russia's Overdue Payday Loan Portfolio Hits New Record
More than a third of all short-term loans are in arrears.
ON THIS DAY
One Year On: How Russia’s Coronavirus Lockdown Hit the Economy
Russia avoided mass unemployment and a sharp fall in GDP but has one of the world’s highest excess death tolls.
STARTUP STRUGGLES
Russian Venture Capital Market Falls 20% During Pandemic
Total venture capital investment came in at $703 million in 2020.
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