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Nearly 3% of Cloud Customer Data Permanently Lost After Drone Strikes, Yandex Says

The tech company attributed the data loss to “critical damage to equipment” and a failure by some cloud customers to maintain external backups on the...

Major Moscow Region Gas Station Chain Closes as Russia Returns to Fuel Rationing

EuroTrans, which operated 57 Trassa locations across the Moscow region, defaulted on its bond payments in September, prompting state-owned lender Sberbank to...
2 Min read
Feature

Russians in Serbia Count the Cost of Alta Bank’s Collapse

The shutdown of a lender favored by Russian emigres has frozen savings and salaries as Vučić-era networks unravel.
5 Min read

Russia’s Alrosa Halts Diamond Mining at Some Sites to Cut Costs

Alrosa, which has been under Western sanctions since 2022, cut production by 10% last year to 29.8 million carats.
2 Min read

Tour Companies Ask for Government Support After Largest Bank in Maldives Rejects Russian Payments

The Bank of Maldives began returning payments made by Russian tourists on Oct. 18, with an estimated total volume of delayed or returned payments reaching...
2 Min read

Cyberattack Disrupts Russian Web Hosting Provider ESTT

The latest attack came less than a week after hackers destroyed the cloud infrastructure of Beget, another Russian hosting provider.
1 Min read

Kremlin Seizes Japan Tobacco International’s Russian Assets

The move against the Japanese tobacco giant comes amid a sharp deterioration of relations between Japan and Russia.
2 Min read
opinion Sarkis Darbinyan

Russian Companies Want To Avoid Liability for War-Related Damages. That Might Be Impossible.

Russian companies may not be able to use the war as a get-out-of-jail-free card if cyberattacks or Ukrainian drone strikes disrupt their services.
8 Min read

Russia Hikes Tariffs on Spirits From ‘Unfriendly’ Countries

The 35% import duty applies to whiskey, rum, gin, liqueurs, brandies, tinctures and undenatured ethyl alcohol, with a minimum tariff of 5 euros.
1 Min read

American Billionaire Leads Swap Plan to Buy Lukoil's Overseas Assets, Sources Say

A consortium led by U.S. billionaire Todd Boehly is preparing a securities swap to acquire sanctioned Russian oil major Lukoil's international assets and...
3 Min read

Western Pharma Giants Paid Millions to Russian Distributors Linked to Fraud, Whistleblower Report Says

The payments by Merck, Eli Lilly, Novartis and AstraZeneca allegedly helped fund a corruption scheme that kept drug prices high and limited competition...
2 Min read

Putin Orders Private Data Centers to Set Aside 10% of Capacity to Support IT Infrastructure

Russian data centers have become targets of Ukrainian drone attacks in recent weeks.
1 Min read

Russian Post Puts Historic Moscow Complex Up for Sale as Losses Mount

The former Moscow Imperial Post Office complex on Myasnitskaya Ulitsa has a starting price of 7.7 billion rubles ($95.5 million).
2 Min read

Russian Discount Retailer Fix Price Exits Mongolia

Industry analysts said Mongolia’s small market size and logistical challenges in the country likely made it difficult for Fix Price to run a sustainable...
1 Min read

Kremlin Downplays Prospect of Resuming Gas Shipments to Europe via Ukraine

U.S. officials reportedly suggested the idea during talks in September as an incentive for Russia to halt strikes on Ukraine’s energy grid.
2 Min read

Russia-Bound Imports Stalled in Kazakhstan as Border Checks Tighten

A journey that once took about 20 days now involves waits averaging 20 days at each Kazakh border, cargo owners said.
2 Min read

Crypto Exchange KuCoin Ends Services for Users in Russia and Belarus

The decision covers all products and services offered by the exchange and follows similar moves by Bitget and MEXC.
2 Min read

Russia to Extend Diesel Export Ban, Use Quotas to Fulfill U.S. Deal, Sources Say

The current ban on diesel exports is due to expire on Oct. 31.
2 Min read

Putin Claims Russian Firms Looking to Expand Manufacturing Across Africa

The president did not say which Russian companies were looking to set up shop in Africa, but boasted that they have “sufficiently high” investment...
2 Min read
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