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Business

WEEKEND PROFILE

Alexander Galitsky: From Soviet Engineer to Libertarian Investor

The father of the Russian internet tells The Moscow Times he wants to kill all borders and warns that society is falling behind technology.
JOURNEY CANCELED

Carpooling Startup BlaBlaCar Cancels Crimea Service

The ride-sharing platform will no longer be available on the annexed peninsula.
BUILDING UP

Russia’s Real Estate Sector Set For Expansion

After two years of low investment, Russia’s builders should be in high demand in 2020.
booming business

Wildberries Founder Becomes Russia’s Richest Woman

Tatyana Bakalchuk surpasses businesswoman Yelena Baturina, who had been at the top of the list since 2004.
FLYING SOLO

Nobody Wants to Buy Russia’s National Plane – Except Russia’s National Airline

Russia’s home-grown Sukhoi Superjet 100 has no new customers lined up for 2020.
CORONAVIRUS COSTS

Coronavirus Hits Russian Exports to China

Shipments stall as Russian border crossings are limited and Chinese demand slumps.
BUYER’S MARKET

Russian M&A Heats Up as Sanctions Pressure Cools Off

Dealmaking jumps 21%, but remains well below pre-Crimea levels.
FISHY BUSINESS

Alaska’s Fishermen Snared in Russia’s Sanctions

U.S. seafood exports have dried up, while cheap Russian crab is undercutting local industry.
news

U.S. Sanctions Russia's Rosneft Over Venezuela Support

New U.S. sanctions against Rosneft subsidiary increase pressure on both Moscow and Caracas.
YU-COST

Russia Ordered to Pay $50Bln to Yukos Shareholders

Following a ruling in the Netherlands, Russia says it will appeal the decision in the Dutch Supreme Court.
PLAYING BY THE RULES

Samsung Backs Russia’s Law Against Apple

Electronics giant says it will pre-install government-approved apps on devices sold in Russia.
TECH EARNINGS

Yandex Posts Steady Results After Turbulent 2019

Earnings beat analysts' expectations, but profits fell short.
ARCTIC OIL

Russia's New Arctic Project Will Be Biggest in Global Oil – Rosneft

The Vostok Oil project is designed exploit 5 billion additional tons of oil in northern Russia.
opinion
Andrey Movchan

Don’t Expect an Economic Miracle in Putin’s Russia

The main task of Putin’s new economic policy will be to collect as much in taxes as possible.
CALVEY CASE

Russia Puts Jailed Baring Vostok Executives Under House Arrest

The three men were taken into custody last year in an embezzlement case against the Baring Vostok private equity group.
data security

Russia's FSB Tells Internet Firms to Hand Over User Data – The Bell

Companies that fail to comply can be blocked.
BUY FROM LOCALS

Russia to Tap 'Rainy Day Fund' to Buy Central Bank's Stake in Sberbank

Russia will tap its National Wealth Fund to buy the central bank’s stake in Sberbank.
control over the internet

Russia Proposes Banning Foreign IT for Critical Infrastructure

Russia's government has sought greater control over digital areas of the economy in recent years.
stay-at-home investor

Russia Extends House Arrest of U.S. Investor Calvey Until May 13

Calvey faces charges of embezzlement that he says are being used to pressure him in a business dispute.
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