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Business

CASH HOARDERS

Russian Businesses Sitting on $225Bln in Cash

Russian companies boosted their coffers by 21% in 2018.
SOARING SHARES

The Russian Stock Market is the Best Performer in the World in 2019

Investors in the MSCI Russia Index have booked a 44% profit since the start of the year.
news

October Report: Russia’s Tech, Investment and Start-up Deals

Internet isolation, foreign ownership restrictions and joint venture proliferation at Mail.Ru and Yandex dominated October.
ENERGY COSTS

Russian Oil Production Among Most Expensive in World

Saudi analysis finds Russian oil production has one of the highest break-even prices in the world.
TASTY DEAL

Putin's Chef Prigozhin Splits His Business Empire – Reports

27-year old lawyer named as co-owner of Kremlin ally’s food business by Russian news sites.
MONEY PROBLEMS

Russian Government to Underspend by One Trillion Rubles in 2019

Government set to miss budget plans by biggest margin for nine years, Audit Chamber warns.
IT’S A MATCH

Russian Billionaire Sells Dating App Empire in $3Bln Deal

Russian-British entrepreneur Andrey Andreyev sells brands including Badoo and Bumble to investment house Blackstone.
DEBT DYNAMICS

Ukraine Could Follow Russia in Credit-Driven Retail Boom

Russia's loan-driven consumer spending is running out of steam, while Ukraine is just getting started.
SANCTIONS RELIEF

Russia Might Ease Accounting Rules on Sanctioned Firms

Russia’s defense contractors would no longer have to produce annual financial reports in latest proposals to protect sanctioned companies.
BANKING CLEANUP

Russian Banks More Stable and Transparent Than Ever, Central Bank Chief Says

Six years and $80 billion into a mammoth clean-up drive, Elvira Nabiullina hails the strength of Russia’s financial sector.
AFRICA ALLEGATIONS

Russia’s VTB Bribe Claim May Set Back Kremlin Bank's Africa Ambitions

Senior bank executive accused of taking $2 million in kickbacks.
SOVIET JUSTICE

Russia’s Plans to Cancel 20,000 Soviet Laws Delayed

Government can’t find paperwork from Soviet Union needed to cancel communist-era laws.
GOODBYE GREENBACK

Russia to Cut Share of Dollar in National Wealth Fund

Next stage of Russia’s de-dollarization could impact the ruble’s exchange rate.
UP UP UP

MOEX Russia Index Hits Record High

The index passes 3,000 points in landmark day for Russian stock market.
SLOW LANE

Russian Car Manufacturer Lada Reports Sharpest Sales Drop in 3 Years

Sales fall marks wider industry trend, as demand for new cars among Russians declines.
UNDER PRESSURE

Russia’s Small Businesses Feeling the Pinch, Study Finds

Confidence drops as small and medium-sized businesses hit by cost-cutting customers.
Money flows

Where Russia’s Foreign Investment Really Comes From

No, it's not from Cyprus.
FINANCIAL ROUND-UP

What’s Next for Russia’s Economy?

Analysts predict low growth, low inflation and a strong stock market in the final two months of the year.
ARCTIC ENERGY

Vostok Oil: Russia’s Newest Arctic Energy Hope

Rosneft’s Arctic energy project is the latest attempt to exploit the region’s vast resources.
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