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Business
Under pressure
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.
1 Min read
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...
4 Min read
FRESH TWIST
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.
2 Min read
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.
2 Min read
AYYA T1
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.
2 Min read
New markets
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.
1 Min read
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.
1 Min read
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.
2 Min read
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.
1 Min read
Rusal revenue decline
Russian Aluminum Giant's Profit Plummets Almost 45%
Rusal blamed inflation and geopolitical tensions for higher production costs.
1 Min read
on hold
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.
2 Min read
no trade
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.
1 Min read
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.
1 Min read
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.
1 Min read
bottom line
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.
3 Min read
duty bound
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...
2 Min read
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...
1 Min read
seeking relief
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.”
2 Min read
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