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Employees of Russia E-Retail Giant Wildberries Go On Strike

Workers are denouncing a drop in wages at the company run by the country's richest woman, Tatyana Bakalchuk.

Russia Senses Opportunity in European Gas Price Crisis

The Kremlin says spiraling gas prices demonstrate the importance of Nord Stream 2, long-term contracts with Russia’s Gazprom.

Russia to Grant Toll-Free Status to Electric Cars From 2022

The initiative is part of a wider government plan to encourage the production and adoption of electric vehicles.

INTEREST RISING

Russia’s Central Bank Hikes Rates Once More in Inflation Battle

The bank is in a cat-and-mouse game as it tries to keep up with stubborn price rises.

Nord Stream Done

Russia Says Divisive Nord Stream 2 Pipeline Complete

Nord Stream 2 has divided European capitals and raised tensions between the bloc and Washington.

Russia’s Inflation Hits New 5-Year High Ahead of Parliamentary Polls

As Russians prepare to head to the polls, rising prices are one of the biggest sources of discontent with the ruling party.

Russian Online Retail Pioneer KupiVIP Shuts Down

A failed deal with Yandex was the final chance to save the company, which struggled to compete with well-backed online retail firms.

'No alternative'

In Small-City Russia, Elections Feel Irrelevant For Local Business Owners

Saransk’s entrepreneurs are divided on whether the government is on their side, but discontent is unlikely to be reflected in the coming Duma vote.

World Economy Could Face 2008 Meltdown, Russia’s Central Bank Warns

In new report, regulator sees potential for global recession and financial crisis within 18 months.

IMPORT SUBSTITUTION

Russian Tech Exports Up Threefold Since 2018

With sales booming, the country’s technology trade deficit has reached its lowest level since 2001.

TAKING BACK CONTROL

Yandex Buys Uber Out of Food Delivery Partnership in $1Bln Deal

Yandex shares hit new record-high as deal further reduces Uber's exposure to the Russian market.

Gazprom Profits Leap in Second Quarter

Global demand for Gazprom's natural gas has bounced back following the pandemic.

Fading Sanctions Fears Push VTB to Retake Control of Pochta Bank

VTB to reverse the deal which saw it relinquish majority control following U.S. sanctions on Russia in 2014.

Russia Fines Booking.com $17Mln For 'Abusing' Dominant Position

The move comes as Russia ratchets up pressure against Western tech companies.

2 in 5 Russians Can’t Afford Necessities – Poll

Russians’ real disposable incomes have stagnated in recent years while inflation is driving up prices for groceries and other commodities.

PIPELINE POLITICS

Gazprom’s Nord Stream 2 Firm Loses Court Case For Exclusive Pipeline Access

A German court ruling could limit Gazprom’s ability to use the pipeline.

Russia’s Yandex Launches Rapid Grocery Delivery in France

Once dubbed “Russia’s Google,” Yandex is eyeing a slice of the European fast food market.

SUPPORT PACKAGE

IMF Awards $1Bln Reserves to Belarus Despite Fierce Opposition

Minsk was included in the IMF’s historic reserve allocation despite strong pushback from the U.S. and others.

Putin Announces $7Bln Pre-Election Handouts

Four weeks before Duma elections, the president says more than 45 million pensioners will receive a cash handout.

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