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Business

FM Lavrov Plans 2-Day China Visit This Week

Sergei Lavrov is expected to discuss the wars in Iran and Ukraine with his Chinese counterpart Wang Yi.

Russian Railways Puts Moscow’s Rizhsky Station Up for Sale

The historic Rizhsky Station is now available for 4 billion rubles ($52.5 million) on the online marketplace Avito.
2 Min read

U.S. Waiver on Russian Oil Expires as Extension Remains Uncertain

Asian countries, which rely on oil and gas supplies from the Middle East, have been lobbying Washington for an extension.
2 Min read

Russia’s Federal Budget Deficit Blows Past Annual Target in Just 3 Months

The staggering shortfall was underscored by a sharp decline in energy tax receipts and a double-digit spike in government spending.
2 Min read

War Fears, Higher Costs Hit Russians’ Appetite for Foreign Travel

Conflict in the Middle East and rising travel costs are dampening demand, even as the industry had shown signs of recovery earlier this year.
2 Min read

Russian Crude Oil Selling at 13-Year High

On April 2, Urals shipped from the Baltic Sea port of Primorsk sold for $116.05 per barrel, while cargoes from the Black Sea port of Novorossiysk reached...
2 Min read
opinion Tatyana Rybakova

How the Kremlin Is Considering Cracking Down on Financial Freedom

As banks intrude into customers' affairs and a draft bill plans to restrict cryptocurrencies, it's no surprise Russians turn to conspiracies.
5 Min read

Kazakhstan Drops Russian Partners in Power Plant Projects

Astana will instead proceed with domestic and alternative partners after failing to secure financing from Moscow.
2 Min read

ING Terminates Sale of Russian Business

The Dutch lender said it canceled the deal after determining there was “no realistic expectation” the buyer would obtain the required regulatory approvals...
1 Min read

Russian Crypto Payments Network Seeks Africa Expansion – FT

A7's crypto network offers a way for Russia to bypass Western financial systems following sanctions imposed over the war in Ukraine.
2 Min read

Russia’s Largest Business Lobby Says It’s Open to Windfall Tax to Plug Budget Gap

“All the mechanisms are already in the tax code. The only issue is that there aren’t any profits. Many companies are operating at a loss,” RSPP President...
2 Min read

Mass Outage Hits Sberbank and Other Major Russian Lenders

Sberbank customers began reporting issues with making payments and transferring money around 10 a.m. Moscow time.
1 Min read

Russia Bans Producers From Exporting Gasoline Until July 31

Officials said the move was aimed at stabilizing domestic fuel supplies amid rising global oil prices and ahead of the spring planting season.
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Russia's Manufacturing PMI Falls in March as Confidence Hits Lowest Since 2022

Companies continued to report subdued demand, forcing them to cut production and reduce their workforces, S&P Global said. 
3 Min read

Grocery Giant Magnit Swings to First Net Loss in Over 20 Years

Higher borrowing costs and weakening consumer demand have continued to squeeze profitability.
2 Min read

Wildberries & Russ Buys 3 Ride-Hailing and Delivery Companies in Direct Challenge to Yandex

The online retailer acquired Citymobil, Taksovichkof and Gruzovichkof at a total estimated cost of $37-100 million.
1 Min read

VkusVill Closed Hundreds of Stores in 2025

A company spokesperson said the closures were part of an optimization strategy as VkusVill shifts its focus toward online delivery.
1 Min read

U.S. Lifts Sanctions on 3 Russian Cargo Vessels Linked to Exports From Occupied Ukraine

The vessels are reported to have ties to Russian war finance, government insiders and the export of resources extracted from occupied Ukraine.
2 Min read

Russian Oil Exports Fall by 1.75M Bpd as Drones Assaults Baltic Ports

Weekly crude flows fell to 2.32 million bpd in the week to March 29, down from 4.07 million bpd the previous week.
1 Min read
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