Business

Oil disruption

Western Buyers Freeze Payments for Dirty Oil in Extended Russian Outage

Trading sources say oil majors are refusing to pay until compensation is agreed.
Gas hopes

Chinese Gas Drilling Rig Finds Deposit in Russian Arctic

The rig has found a total of 1.2 trillion cubic meters of gas in the Kara Sea.
Calvey case

Russian Regional Court Rules Against Detained Investor Calvey

A court in Amur has ordered the Baring Vostok fund to sell its stake in disputed Vostochny bank.
Grain race

Russia and Ukraine Vie for Title of Top Grain Exporter

Both are forecast to export almost 50 million metric tons this year.
disappointing statistics

Russia Growth Spurt Stalls as Economy Undershoots Forecasts

A hike in value-added-tax has been a drag on growth.
credit bubble concerns

Russian Consumer Loans Ballooning Despite Central Bank Attempts to Cool Market

People are tired of the ascetic lifestyle.
Business feature

Russian Real Estate Market Getting Back on Its Feet

Investment rose by nearly a third in the first three months of the year.
breadbasket

Russia on Track to Remain World’s Biggest Grain Exporter

A solid harvest would minimize inflationary pressure.
Business feature

Can Russia Halve Its Poverty Level?

Some say Putin’s ambitious target was meant to light a fire under bureaucracy rather than represent an achievable goal.
Share sale

Russia’s HeadHunter Lists Shares on Nasdaq

Successful placement boosts company’s valuation to $837 million.
Business feature

Russia’s Nuclear Power Exports Are Booming

Rosatom has been using nuclear power plants as a way of cementing ties with its fellow emerging markets.
leaving london

Russian Bank VTB is Relocating Its London Unit to Frankfurt

Sanctions and Brexit have hit the bank’s U.K. unit hard.
Oil and gas

Russian Oil Production Fell in April, While Gas Output Rose

Crude output is being driven by production cuts at integrated oil companies under the OPEC+ agreement.
Long read

Ukraine Faces a Bleak Winter as Russia Prepares to Cut Off Gas

The head of Ukraine’s state gas company Naftogaz expects deliveries to stop on January 1, 2020.
Lenta deal

Steel Tycoon Mordashov Completes Acquisition of Supermarket Chain Lenta

Lenta minority shareholders had preferred a bid from rival retailer Magnit.
Business feature

Russian Automaker AvtoVaz Makes First Profit in a Decade

Russians have rejected expensive foreign brands and returned to buying cheap locally made cars.
Purchasing managers' index

Conditions for Russian Manufacturers Improve in April

Production and client demand are growing.
Share sale

Russian Job Site HeadHunter to Sell Shares on Nasdaq

The company is valued at over half a billion.
Full coffers

Russian Reserves Hit Highest Level Since 2014

The figure is fast approaching $500 billion.
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