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Russia Plans $800M Aid Package for Struggling Coal Industry

Under the plan, coal companies would be allowed to defer mineral extraction tax payments and certain insurance contributions until Nov. 30.

Russian Billionaire Puts $216M Bank Stake for Sale on Online Marketplace – Kommersant

The 5% stake in Sovcombank put up for sale on Avito belongs to billionaire Mikhail Klyukin, Kommersant reported.
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Luxury Car Sales Surge in Russia Despite Broader Market Slump

Luxury vehicle sales in Russia rose 19% from January through June year-on-year.
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Russian Tech Executive Arrested in Absentia on Bribery Charges

Sergei Matsotsky is a co-founder of Russian IT giant IBS and a leading figure in the country’s tech sector.
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Russia Moves to Allow Tax Debt Collection Without Court Approval

Around 23 million Russians, nearly a quarter of the working-age population, currently owe taxes.
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Russian Steel Giant Reports Sharp Output Decline

Russia’s total steel production fell 8.6% in 2024 and another 7.2% in early 2025, the steepest drop among major producing countries.
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Telegram Begins Legal Process of Opening Office in Russia

Until now, the developer of the Telegram messaging app had taken minimal steps to comply with Russian localization laws.
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Russia’s Largest Banks Exploring Bailouts as Bad Loans Grow – Bloomberg

The discussions are said to have become “more urgent throughout the banking industry” as the growing volume of bad loans sparks fears that some of...
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Draft Law Would Grant Putin New Powers to Block Departed Foreign Companies From Returning

The updated draft law allows Putin to establish the conditions under which foreign firms can be barred from repurchasing their former businesses.
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India Says It Can Replace Russian Oil if U.S. Sanctions Disrupt Supplies

Russia currently accounts for roughly 35% of India’s total oil imports, making it the country’s top supplier.
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Majority of Russians Unwilling to Adopt Digital Ruble, Survey Finds

The Central Bank’s blockchain-based digital ruble is being developed as a domestic payment alternative to bypass foreign banks and Western financial...
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Metallurgical Plants in Occupied Ukraine Seek Russian State Aid Amid Industry Crisis

Metallurgical and coking plants in the Russian-occupied Donetsk and Luhansk regions face declining demand, falling prices and soaring production costs...
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Russian Importers Hit by VTB Account Freezes, Disrupting China Trade

Employees at five importing firms reported that VTB blocked their accounts between mid-May and July.
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Sales of New-Build Homes Plummet in Russia as Mortgage Subsidy Ends

The end of a popular mortgage subsidy program and high borrowing costs have pushed many buyers out of the market.
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State Prosecutors Seek to Seize Latvian Co-Owner’s Stake in Bread Bakery Over ‘Extremism’ Claims

Russian authorities accuse businessman Normunds Bomis, who holds a 50% stake in Rizhsky Khleb, of helping finance Ukraine’s Azov Brigade.
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Top Russian University Launches Master’s Program on Sanctions Circumvention

The two-year program at Moscow’s Higher School of Economics (HSE) is described as the first of its kind in Russia.
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Kazakhstan Moves Forward Alone on Power Plant Construction as Russia Faces Financing Delays

Delays in securing funding from Moscow continue to stall a $2.7 billion energy deal between the two countries.
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Russian Parliament Approves Return of State-Backed Microlenders to Mortgage Market

Lawmakers had removed more than 30 microfinance organizations from the list of 47 authorized mortgage lenders in May 2024 to limit lending outside the...
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Russian Coal Industry Faces Mounting Losses as Dozens of Companies Near Collapse

The Russian National Credit Rating Agency has suggested the industry could experience a wave of consolidation.
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