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Business

Russia Looks to Africa for Gas Buyers as Gazprom Struggles to Replace European Market

Putin’s efforts to secure a new gas deal with China that would bring annual supplies to 100 billion cubic meters have so far failed to produce an agreement...
News Analysis

Russian Firms Stand to Gain Most From Trump’s Diesel Deal, Analysts Say

While Russian firms stand to benefit from looser export restrictions, the promised shipments may do little to bring down U.S. fuel prices.
4 Min read

St. Petersburg Bans Migrant Workers From Gym, Hair Salon and Retail Work

The decree expands on existing restrictions, which last year banned migrant patent holders — a temporary low-skilled work visa — from driving taxis...
1 Min read

Russia’s Growing State Sector Nears Limit for Sustained Growth, Economist Warns

The head of Sberbank’s Center for Macroeconomic Research said Russia’s consolidated budget now amounts to 39% of GDP.
3 Min read

Putin Hands Control of 5 Western Firms to Ukraine War Veteran

The Kremlin says the latest transfers represent a continued policy “trend” targeting countries that froze Russian reserves in Europe.
2 Min read

Putin Praises Russia’s Stock Market as Shares Slide and Growth Target Slips Away

His comments came after officials acknowledged that Russia would be unable to meet his goal of raising stock market capitalization to 66% of GDP by 2030...
3 Min read

Russia’s Oil and Gas Revenues Forecast to Rise 10% Year-on-Year in October to $12Bln

October revenue is expected to exceed September levels by about 164 billion rubles, or 36%.
1 Min read

Russian Ministers Join Board of Key Trade Payments Firm A7

The U.S. has sanctioned A7, saying it had built a global network of affiliated companies "to disguise payments linked to sanctioned sectors and persons...
1 Min read

Russian Business Investment Stalls in Third Quarter as Profits Fall, Uncertainty Persists

The Economic Development Ministry forecasts investment will fall 5.4% this year, following a 9.9% decline in the first half.
3 Min read

Kremlin Says Russia Restarts Diesel Exports After Deal With Trump

Spokesman Dmitry Peskov said the exports would have a positive impact on global markets, but would not fully stabilize them.
2 Min read

Yandex Waives Cloud and Software Fees After Ukrainian Drone Attacks on Data Centers

Yandex stock dropped 77 billion rubles ($918.5 million) over two days of trading on the Moscow Exchange, marking a 5.4% fall in market capitalization.
2 Min read

EU Adopts Record Sanctions Expansion Targeting 1.6K Russian Defense Firms and Executives

The companies supply components for Russian missiles, drones and aircraft, including explosives, ammunition, semiconductors and computers.
1 Min read

Abramovich Aides Backdated Documents to Hide Assets and Avoid Taxes, Report Says

The investigation describes an alleged scheme spanning at least 1999 to 2013, in which documents for more than 100 companies linked to Abramovich were...
3 Min read

Russian Rocket Engine Executive Arrested in $59M Defense Contract Case

Investigators say contractors completed only a fraction of the work paid for and accuse the executive of concealing construction delays.
2 Min read

Sberbank Warns of Rising Overdue Loans as Russian Companies Struggle

The difficulties are affecting several sectors, including individual residential development projects, retail, commercial property and online marketplaces...
3 Min read

All 4 Moscow Airports Restrict Flights Amid Drone Attack

Emergency flight restrictions have been imposed almost daily in southern and central Russia since late April.
3 Min read

Rosneft Recruits Anti-Aircraft Gun Crews to Defend Samara Refinery Against Ukrainian Drones – Vyorstka

The Kuibyshev refinery, on the Volga River, has been repeatedly targeted since Russia launched its full-scale invasion of Ukraine in 2022.
2 Min read

Russia’s Central Bank Says Putin’s Stock Market Target Is Out of Reach

Putin had ordered Russia to double its stock market capitalization to at least 66% of gross domestic product by 2030.
3 Min read

Nearly Half of Russian Companies Plan to Skip Year-End Bonuses, Survey Finds

The findings point to growing pressure on employee compensation as companies contend with higher operating costs and customers increasingly fall behind...
2 Min read
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