Support The Moscow Times!
Contribute today
My account
Signout
×
Sections
Home
Ukraine War
News
Opinion
Business
Arts and Life
Podcasts
Galleries
Newsletters
TMT Lecture Series
Archive
Multimedia projects
Mothers & Daughters
Generation P
News
Ukraine War
Business
Opinion
Arts and Life
Podcasts
Newsletters
Archive
RU
My account
Signout
Support The Moscow Times!
Contribute today
Business
wrestling with costs
Russia Curbs Gas, Diesel Exports to Stabilize Fuel Prices
“Temporary restrictions will help saturate the fuel market, which will in turn reduce prices for consumers,” Russia’s cabinet of ministers said.
turnover tumble
U.S.-Russia Trade Hits Two-Decade Low
The United States ended “normal” trade relations with Moscow last spring, as President Joe Biden introduced steep tariff hikes on Russian imports...
1 Min read
asia pivot
Gazprom Delivers LNG to China in Arctic Sea Route First
The route "allows a substantial reduction in the time it takes to make LNG deliveries to Asia-Pacific countries," the Russian energy giant said.
1 Min read
key rate
Russia Raises Interest Rates to 13% Amid Inflation Concerns
The move is the second rate hike in two months following an emergency meeting in August held after the Russian ruble fell below 100 against the U.S. dollar...
3 Min read
circumvented restrictions
Rich Russians Still Transferring Cash to Swiss Bank Accounts – Media
Family members of a tycoon publicly backing the war were among the Russians found to be depositing millions into Swiss bank accounts.
2 Min read
In depth
Falling Ruble Dents Russia’s Image Among Central Asian Migrant Workers
The Russian economy relies on millions of migrant workers. A weak currency has many looking elsewhere for opportunities.
5 Min read
soaring expenses
Russian Airlines Bear Costs of Flights Rerouted By Drone Strikes – RBC
An extra hour of flight time costs about $8,000 for a typical Boeing 737-800 in the low-budget airline Pobeda’s fleet, according to analysts.
1 Min read
butting out
British American Tobacco Finalizes Exit From Russia
The maker of Kent and Rothmans cigarettes said the deal would keep its estimated 3,000 Russian and Belarusian employees afloat for at least two years...
1 Min read
power of siberia 2
Russia to Finalize Route for Gas Pipeline to China
Moscow plans to start building the pipeline next year, but the schedule for its completion remains unclear.
1 Min read
monetary measures
Russia Steps Up Support for Sagging Ruble
Russia's Central Bank said that between Sept. 14 and 22 it would sell 21.4 billion rubles ($218.5 million) worth of foreign currency each day.
2 Min read
currency cut-off
Binance Restricts Russian Clients to Ruble Transactions
Binance’s restrictions follow reports on a U.S. Justice Department investigation into the company's possible violation of sanctions against Russia....
2 Min read
last sip
Heineken Exits Russia, Sells Operations for 1 Euro
The company apologized in March for creating "ambiguity" on its vow to leave the country, saying it was hoping to secure jobs for its Russian employees...
2 Min read
busy hangars
Russian Airlines Import $1.2Bln Worth of Western Parts Despite Sanctions – Reuters
The actual value of the imports is likely higher as calculations only accounted for direct shipments to Russian airlines and their maintenance units.
2 Min read
hefty fee
Raiffeisen’s Russian Division Imposes 50% Commission on Incoming Dollar Transfers
The minimum commission charged will be $1,000, up to a maximum of $10,000.
2 Min read
'challenging environment'
Domino’s Pizza Files for Bankruptcy in Russia
The company's regional franchise operator reportedly failed to sell its Russian business but did not explain the reason for the failed sale.
2 Min read
tycoon turmoil
Russia Files Lawsuit Against Country's Wealthiest Businessman
Andrei Melnichenko is accused of “corrupt collusion” in a deal to buy a Siberian power plant operator from an ex-minister who is currently on trial...
1 Min read
response measures
Putin Opts Against Stricter Capital Controls Amid Ruble's Slide – Vedomosti
Exporters had “informally” agreed to raise foreign currency sales, allowing the government to avoid the “last resort” option of imposing capital...
2 Min read
emergency meeting
Russia Raises Interest Rates to 12% After Ruble Plummets
The ruble gained strongly on the decision, rising by more than 2% to around 95 against the U.S. dollar.
3 Min read
News Analysis
Kremlin Unfazed as Ruble Crashes Through 100 vs. Dollar
A weaker currency could help fund Russia’s invasion of Ukraine, but it will trigger an inflationary spiral at home.
5 Min read
View more articles