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European Central Bank Asks Raiffeisen to Scale Back Russian Operations

The news comes just a day after Ukraine added the Austrian bank to its list of international sponsors of the war.

Embroiled in controversy

French DIY Retailer Leroy Merlin to Cede Control of Russian Stores

The company has been accused of allowing pro-Kremlin activists to use its delivery network to supply the Russian military.

parallel imports

Kazakhstan to Strengthen Screening of Re-Exports to Russia

Kazakh firms have been helping meet Russian demand for high-tech consumer goods and other items that have become hard to obtain due to Western sanctions...

Gazprom Invited to Recover Object Found Near Nord Stream Pipeline

Experts believe the object could be a signal antenna used to activate explosives in one part of the pipeline.

CONTROVERSIAL CHARGES

Baring Vostok Investors Leave Russia After Fraud Sentences End

Michael Calvey and Philippe Delpal's trial had sent shockwaves through Russia’s investment community.

Russia’s ‘iPhone Killer’ Sells Under 1,000 Smartphones in First Year

Russia’s domestically made smartphone, the AYYA T1, has sold fewer than 1,000 units since it hit the market a year ago, Vedomosti reported Thursday.

Russia Sets Gasoline Export Record With Rerouted Supplies

Russian gasoline exports have averaged 193,250 barrels per day since December 2022, business daily Vedomosti reported Thursday.

sanctions adaptation

Russia to Extend Oil Production Cuts Until End of June

The production cuts, which amount to about 5% of daily output, were announced after Western countries announced new sanctions on Russian oil.

Pivot to Beijing

Russia Reports Record Gas Supplies to China via Siberian Pipeline

Russian energy giant Gazprom announced a record level of daily gas volume supplied to China through the Power of Siberia pipeline on Tuesday.

shrinking margin

Russian State Oil Giant Rosneft Profit Falls After Sanctions

Western powers have imposed a raft of sanctions against Russia, including a price cap on its crude, over the conflict in Ukraine.

Rusal revenue decline

Russian Aluminum Giant's Profit Plummets Almost 45%

Rusal blamed inflation and geopolitical tensions for higher production costs.

Strikers Force Russian E-Commerce Giant Wildberries to Rethink New Rules

Thousands of workers went on strike to protest new rules that make employees financially liable for goods returned by customers.

Nasdaq to Delist Russia’s Yandex, Other Tech Firms

Nasdaq said it has notified Yandex, Ozon, QIWI, HeadHunter and Cian of plans to delist their securities on March 24.

industrial inaction

Staff at Russian E-Commerce Giant Wildberries Begin Protest

Employees of Russian e-commerce giant Wildberries launched a nationwide industrial action to protest against a new payment system.

benefit revoked

Russia Moves to End Tax Deal With 'Unfriendly' Countries

Their statement follows an EU decision this week to add Russia to its tax-haven blacklist.

Russia's Oil Revenue Sinks as Sanctions Bite – IEA

Russia, however, was still shipping "roughly the same" amount of oil to world markets, according to the IEA.

Russia Resumes Publication of Trade Statistics After Year-Long Pause

Federal Customs Service is to resume publication of the country's official foreign trade data after a year-long hiatus, the agency announced on Monday...

economic measures

Canada Bans Aluminum, Steel Imports From Russia

Canada on Friday announced a ban on imports of Russian aluminum and steel products, with the aim of denying Moscow revenues to fund its war in Ukraine...

Sanctioned Billionaires Fridman, Aven to Sell Alfa Bank Stake in $2.3Bln Deal – FT

The two businessmen “want to do everything they can to get out of their Russian assets so that sanctions will be removed.”

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