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Russia’s Credit Growth Slows as Households Cut Borrowing

The Central Bank described retail lending as “weak” and corporate lending as “moderate,” attributing the slowdown to its tight monetary policy...

Leading Russian Drone Manufacturer Faces Financial Turmoil

Kronstadt, a maker of military and civilian drones, has been hit with 40 lawsuits that total $7.8 million over the past three months.
2 Min read

U.S. Oilfield Services Company Weatherford Expands Russia Operations Despite Sanctions – FT

The Financial Times identified roughly 100 job postings by Weatherford in Russia since late February, when new U.S. sanctions came into effect.
2 Min read

Russia Eyes New Tax Hikes, Spending Cuts to Sustain Record Defense Spending – Reuters

“We simply won’t be able to make ends meet, even with a reduction in defense spending,” an unnamed government source said.
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Fuel Shortages Hit Russia’s Far East as Ukrainian Strikes Take Refineries Offline

Two regions in the Far East along with annexed Crimea have introduced ration cards for purchasing gasoline.
2 Min read

Western Sanctions, Market Glut Slowing Russia-China Trade, Minister Warns

Bilateral trade dropped 8.1% between January and July compared to the same period in 2024, totaling $125.8 billion.
2 Min read

China Buys Up Russian Oil Cargoes as Indian Demand Slows – Reuters

Despite the increase, analysts say Chinese refiners will also be wary of the risk of secondary U.S. sanctions.
2 Min read

Russian Oil Flows to Hungary and Slovakia Resume After Ukrainian Pipeline Strike

Shipments via the Druzhba pipeline had been halted after a Ukrainian drone strike on a pumping station in Russia’s Tambov region.
1 Min read

Russia’s Harvest for Buckwheat, a Kitchen Staple, Set to Hit 6-Year Low

Meanwhile, per-capita demand for buckwheat reached a historic high this year.
2 Min read

Russian Crude Exports to India Plunge Threefold

Average daily shipments of Russia’s Urals crude to India have fallen to just 400,000 barrels in August, down from the average of 1.18 million barrels...
2 Min read

Drone Strikes on Refineries Push Russia’s Gasoline Prices to Record Highs

The surge comes after attacks knocked out operations at three major refineries that account for nearly 30 million tons of annual refining capacity.
2 Min read

Russian Shipping Giant Sovcomflot No Longer Profitable Under New Sanctions

The state-owned firm posted a net loss of $435 million for January-June 2025 compared with a $324 million profit a year earlier.
2 Min read

Moscow Stock Index Slips as Eyes Turn to Trump-Zelensky Meeting

Russia’s stock market is expected to face “heightened volatility” in the coming days amid uncertainty over ongoing talks to end the war.
1 Min read

Russian Market Slides After Putin-Trump Talks End Without Breakthrough

The Moscow Exchange index dropped 2%, erasing about 130 billion rubles ($1.6 billion) in market capitalization.
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Sandwich Chain Subway Announces ‘Subjoy’ Name Change After Trademark Loss

The company announced that all of its restaurants would rebrand by the end of 2025.
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Firm Linked to Putin Ally Acquired Russia’s Largest Brewer After Carlsberg Exit – FBK

Gennady Timchenko's Ena Invest allegedly acquired Baltika for a fraction of its real value after Carlsberg moved to exit Russia due to the invasion of...
2 Min read

Russia Scraps $200M Icebreaker Contract Due to Sanctions and Shipyard Layoffs

The deal called for the delivery of two 95-meter auxiliary icebreakers capable of operating on both diesel and liquefied natural gas.
2 Min read

Russian Banks Reject 80% of Loan Applications as Debt Burden Rises

Economists say the low approval rate is a symptom of Russia’s heavy household debt load, which reached nearly $420 billion by the end of 2024.
2 Min read

Russia’s State Shipbuilding Giant to Slash 70% of Workforce at Key Far East Shipyard

Tthe Khabarovsk Shipbuilding Plant, one of the largest shipyards in the country’s Far East, has grappled with a lack of production orders.
1 Min read
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