Business - The Moscow Times

Support The Moscow Times!

Contribute today

Russian Air Fares Soar as Coronavirus Restrictions Keep Planes Grounded

Russian tourists are paying double pre-pandemic prices for trips to Dubai and other tourist-friendly destinations.

Austrian Ex-Minister Who Danced With Putin Gets Rosneft Nomination

Austria's former foreign minister has been nominated to the Rosneft board as an independent director.

looking forward

U.S. Investor Calvey Wants 'To Stay in Russia' After Trial

In a rare press statement, Calvey said he would like to "draw a line under" his trial and move on once it's over.

Open For Business

Moscow Hotel Bookings Surpass European Cities Facing Virus Restrictions

Russia has meanwhile denied that it plans to open up for vaccine tourism.

Has Russia Beaten Boom and Bust?

Russia has won plaudits for its macroeconomic handling of the coronavirus. Can other countries learn from its success?

As Oil Prices Rally, Familiar Russia-Saudi Tensions Set to Rise

The OPEC+ oil cartel is set for a fresh showdown over its post-pandemic strategy to balance prices and production.

‘DIFFERENT DATA’

Kremlin Rejects Research Showing Falling Incomes

Russians’ wallets have not been hit harder by the pandemic than those in other countries, the Kremlin claims.

Twitter Maliciously Violates Russian Law, State Censor Says

Roskomnadzor says Twitter failed to take down thousands of tweets containing banned information.

Russian Discount Chain Eyes Largest Foreign IPO Since Sanctions

FixPrice is aiming to raise up to $1.7 billion in its London stock market launch.

lessons learned

In Russian Arctic, Miner Nornickel Exhibits Green Goal

Arctic's worst polluter aims to transform into an environmentally friendly company.

Russia’s Small Businesses Are Suffering Despite Easing of Coronavirus Restrictions

One in ten firms is preparing to close, warns the Kremlin’s business envoy.

Russia’s Wildberries Launches in France, Italy and Spain

Russia’s leading online retail giant is betting big on Europe in a major expansion drive.

BORROWING BINGE

Russia’s Government Debt Rose 40% in 2020

Frugality through the pandemic means Moscow still boasts one of the lowest debt levels in the world.

Arctic Shipper Shows Off Historic Icebreaking Voyage

A Russian commercial vessel has sailed the Northern Sea Route in February for the first time ever, with multi-year-old ice no longer present.

U.S. Says 18 Western Companies Have Pulled Out of Nord Stream 2

Biden pledges more cooperative approach with Germany over controversial Gazprom pipeline.

'LESSONS LEARNED'

Nornickel Will Pay Record $2Bln Fine for Arctic Oil Spill

Company says it is “not in its best interests” to appeal the fine.

Stay In Your Lane

Kremlin Says U.S. Should Focus on Texas Instead of Nord Stream 2

The Biden administration is reportedly considering new sanctions on the controversial pipeline.

Moscow Built Most Ever Skyscraper Living Space in 2020

Ultra high-rise residential buildings are becoming an increasing feature of the city’s skyline.

Russian Magnate Potanin Breaks Wealth Record Despite Pollution Fine

Russia's richest man Vladimir Potanin has set a new wealth record with his fortune passing the $30 billion threshold.

View more articles