Support The Moscow Times!
Contribute today

Business

EMPTY POCKETS

Living Standards To be Main Victim of Coronavirus Economic Shock

Real incomes forecast to fall faster than the wider economy, heaping strain on Russian households.
DEBT TROUBLES

Russian Bankruptcy Cases Jump 70%

Experts say a simplified legal procedure is behind the sharp rise, and the coronavirus crisis is set to compound the issue.
MARKET MOVING

Coronavirus Hits Russian Markets | April 7

The latest on how the ruble and Russian stock markets are reacting to the coronavirus.
CORONAVIRUS COSTS

Russia’s Inflation Picks Up After Ruble Crash

Price rises are an early sign of the impact of the coronavirus on the Russian economy.
OPEC+ 2.0

Putin Says Russia Ready to Cooperate on Cutting Oil Production

The world's biggest oil producers will discuss a record round of production cuts by video conference Monday.
HEADING DOWN

Russia Could Cut Interest Rates as Central Bank Issues Economic Warning

As Russia begins a month-long economic lockdown, governor Elvira Nabiullina signals the bank could act soon.
No Grain

Russia Restricts Grain Exports Amid Pandemic

Russia is the world's top wheat exporter.
STARK WARNINGS

Analysts Fear the Economic Impact of Russia’s April Coronavirus Shutdown Will Be Catastrophic

Growth is set to crash and unemployment to jump sharply, as Putin extends paid holiday until the end of April.
price wars

Trump Says Expects Russians, Saudis to Cut 10M Barrels Oil

The Kremlin denied that Putin spoke with the Saudi crown prince.
no safety net

Moscow’s Small Businesses Feel the Pinch Under Coronavirus Lockdown

Once the health crisis ends, the city's small businesses say they might not be able to bounce back.
HEAVY DEFEAT

Russia’s Football Clubs Losing Almost $2M Every Day

As the Russian Premier League extends its season suspension until May 31, losses mount for elite football clubs.
DO SVIDANYA

Foreigners Ditch Russian Government Bonds in Record Numbers

Monthly outflow from government bonds in March was more intense than after Western sanctions were introduced.
ANTI-CRISIS MEASURES

Russia Reserves $18Bln to Counter Coronavirus Crisis

The finance ministry has reserved the funds to fight the spread of the virus and carry out anti-crisis measures.
WESTERN INTERVENTION

Russia’s Ozon Secures Largest Western E-commerce Investment Since Sanctions

U.S. venture capital fund injects $50 million to e-commerce giant in $150 million financing round.
BUSINESS WARNING

90% of Moscow Restaurants Could Go Bust, Industry Warns

Quarantine has shuttered 15,000 restaurants, cafes and bars across the city. 
PLEASE HELP

Russian Businesses Lobby Hard for Government Support

In lieu of broad government stimulus package, industries push for government help as economic impact of coronavirus worsens
NO SAFETY NET

As Recession Looms, More than 60% of Russians Have No Savings

New survey reveals precarious position of Russian households as economic effects of coronavirus start to bite.
SANCTIONS RETREAT

Russia’s Rosneft Exits Venezuela

State-backed oil giant to halt activities in Venezuela after being hit by U.S. sanctions, but Russian government remains key partner.
NO ENTRY

Russia to Close Borders to Curb Coronavirus

The measure will come into force on March 30 at all vehicle, rail and pedestrian checkpoints, and apply to maritime borders.
View more articles