Business - The Moscow Times

Support The Moscow Times!

Contribute today

Uzbekistan to Import Russian Gas for First Time Amid Energy Crisis

Uzbekistan will import natural gas from Russia for the first time ever as the Central Asian country faces an energy crisis, the authorities in Tashkent...

Only 8.5% of Western Firms Have Left Russia – Study

Despite widespread outrage over Moscow's war in Ukraine, only a small number of Western companies have deserted Russia, according to a Swiss study. Researchers...

no more obstacles

Russia’s Sberbank Launches Operations in Annexed Crimea

Russia’s largest bank Sberbank is launching operations in Crimea for the first time since Moscow annexed the peninsula from Ukraine in 2014, Russian...

Kremlin: Russian Firms Can Ignore 'Unfriendly' Foreign Shareholders

The Kremlin has given major Russian companies permission to disregard the votes of shareholders from so-called "unfriendly" countries this year as a means...

supply and demand

Russian McDonald's Spinoff Sets Sights on Kazakhstan Market

The owner of the rebranded Russian McDonald’s is seeking to expand into Kazakhstan, the state-run RIA Novosti news agency reported Monday. The U...

crunching the numbers

Russia’s December Fiscal Deficit at Record-High – Bloomberg

Russia’s monthly fiscal deficit reached a record 3.9 trillion rubles in December amid the EU-imposed ban on seaborne crude oil exports and the increasing...

gradual decline

What Really Happened With Russia’s Economy in 2022?

While many analysts and observers expected the Russian economy to collapse under the weight of the Ukraine war and a flood of Western sanctions, the country...

Russian Defense Chief Says Military Factories Working ‘Around the Clock’

Factories in Russia producing military equipment are working nonstop and have withdrawn New Year holidays from employees, the head of state defense military...

declining volumes

Russian Gas Exports Outside Ex-Soviet States Fell 45.5% in 2022

Russian gas exports to countries outside a group of former Soviet republics plunged by 45.5% in 2022, figures from gas giant Gazprom showed Monday. Gazprom...

Yandex Co-Founder Bids Farewell to Partitioned Russian Tech Giant

The co-founder of Yandex, Arkady Volozh, announced on Friday that he was leaving the Russian tech giant, addressing a farewell letter to the firm&rsquo...

'super volatility'

Gazprom Exports to Europe Nearly Halve in 2022

Russian energy giant Gazprom’s gas exports to Europe nearly halved in 2022, according to calculations based on company data published on Wednesday...

Gazprom CEO Admits 'Difficult' Year for Russian Energy Giant

The head of Gazprom admitted on Wednesday that the Russian energy giant had experienced a challenging year as the company sought new markets following...

retaliation measure

Russia to Ban Oil Exports to Countries With Price Cap

Russia issued a decree Tuesday to ban oil sales to countries and companies that comply with a price cap agreed by Western countries in response to Moscow's...

Ukraine Estimates Grain Harvest Fell Around 40%

Ukraine estimates its grain harvest fell by around 40% year on year due to the Russian invasion, a representative for the country's industry told AFP Friday...

Moscow Warns of Ban on Oil Sales to Countries Joining Price Cap

A senior Russian official warned Friday that Moscow would ban oil sales to countries that join a Western price cap on the country’s crude. President...

economic uncertainty

Russia's Central Bank Warns of Labor Shortage Following Mobilization

The governor of Russia’s Central Bank, Elvira Nabiullina, warned on Friday that the country was facing a growing labor shortage following the conscription...

short-lived localization

Apple Seeks to End Lease on Russian Head Office – RBC

Apple is in talks to terminate a lease on its Moscow office that the U.S. tech giant had opened less than a month before Russia invaded Ukraine, Russian...

withdrawal complete

Swedish Clothing Giant H&M Shutters Last Stores in Russia

Swedish fashion retailer H&M announced on Thursday that it had closed its last remaining stores in Russia and Belarus, wrapping up its progressive...

bucking the trend

E-Scooter Firm Whoosh Seeks Russia’s First Ukraine War IPO

Russian E-scooter firm Whoosh’s plans for an initial public offering (IPO) this week — the first since Russia’s invasion of Ukraine &mdash...

View more articles