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Business

WIN-WIN

Yandex Shares Hit Record High as Analysts Cheer $5.5Bln Tinkoff Deal

Investors pour into Yandex stock on deal that will make tech giant Russia’s leading fintech firm.
TAKEOVER

Russia’s Yandex Agrees $5.5Bln Deal For Tinkoff Bank

Two sides have reached agreement in principle on mega merger.
GOLD MINE

Russian Banks’ Gold Reserves Hit Record High

Lenders’ holdings of precious metals now worth $7.5 billion.
STAYCATION

Aeroflot’s Domestic Passengers Back to Pre-Coronavirus Levels

With Russia’s borders shut, domestic flights carried almost as many passengers as last year in August.
the fincen files

Putin Allies Moved ‘Millions’ in Murky Deals, Massive Leak Says

Oleg Deripaska, Arkady Rotenberg, Alisher Usmanov and Alexei Mordashov are among those named in the investigation.
TEMPORARY PAUSE

Russia Holds Back on Interest Rate Cuts, Citing Inflation Risks and Global Uncertainty

The Central Bank held its key rate at 4.25% on Friday, but said more cuts were likely before the end of the year.
POLITICAL PR

‘Harsh Times Ahead’: Russia’s Emergency Loan to Belarus Changes Little for Embattled Lukashenko

The $1.5 billion will largely go towards refinancing Russian, and is only a fraction of what Belarus needs to avoid a living standards crash.
MORTGAGE MARKET

Russia's Coronavirus Stimulus Fuels Property Boom

The government’s cheap mortgage scheme is helping to push up apartment prices.
MARKET CONTAGION

Navalny Poisoning, Second Wave Fears and Vaccine Setback Weigh on Russia’s Markets

The Russian ruble and stock market remain out of favor among international investors.
ELITE APARTMENTS

Investigation: Russian Elites’ Connections to Bulgaria’s Largest ‘Crime Group’

Russian defense figures bought luxury apartments in a Black Sea resort controlled by an outfit named one of the country’s largest crime syndicates.
news

Russia Orders Banks to Ensure Steady Ruble Flow to Belarus

Belarus faces a financial crisis as demand for foreign currencies has spiked amid a month of anti-Lukashenko protests.
OFFSHORE CRACKDOWN

Russia Hikes Taxes on Firms Sending Profits to Cyprus

The Kremlin is on a high-profile drive against Russian companies headquartered in low-tax jurisdictions overseas.
GAS POLITICS

Explainer: What is Nord Stream 2 and Why Might Navalny’s Poisoning Stop Its Completion?

Everything you need to know about the mega Russian-German gas pipeline.
POISONED RELATIONS

The West Is Outraged By Navalny’s Novichok Poisoning. That’s No Guarantee of Tough Sanctions

Looming U.S. elections and disparate EU interests could translate into a symbolic response.
NERVE AGENT

Russian Economy Under Pressure After Navalny Novichok Poisoning

Investors fear sanctions, sending ruble and stock markets into the red.
CURRENCY PAIN

Russian Ruble Plunges After Germany Says Navalny Was Poisoned With Novichok 

Currency suffers biggest one-day fall since start of the coronavirus outbreak.
BRAIN DRAIN

‘Everyone Who Can Leave, Will Leave’: Violence, Raids and Internet Blackouts Scare Off Belarus’ Entrepreneurs

Young professionals have been at the forefront of protests in Belarus. Their future now hinges on whether Lukashenko stays or goes.
TRADE WAR

China's Huawei Shifts Investment from U.S. to Russia

Founder says U.S. sanctions have pushed the Chinese telecoms giant closer to Russia.
CORONAVIRUS RECESSION

Russia Upgrades Economic Outlook on Strong Data

The hit to GDP is expected to be less severe than first thought.
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