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sanctions adaptation

Russia to Extend Oil Production Cuts Until End of June

The production cuts, which amount to about 5% of daily output, were announced after Western countries announced new sanctions on Russian oil.

Pivot to Beijing

Russia Reports Record Gas Supplies to China via Siberian Pipeline

Russian energy giant Gazprom announced a record level of daily gas volume supplied to China through the Power of Siberia pipeline on Tuesday.

shrinking margin

Russian State Oil Giant Rosneft Profit Falls After Sanctions

Western powers have imposed a raft of sanctions against Russia, including a price cap on its crude, over the conflict in Ukraine.

Rusal revenue decline

Russian Aluminum Giant's Profit Plummets Almost 45%

Rusal blamed inflation and geopolitical tensions for higher production costs.

Strikers Force Russian E-Commerce Giant Wildberries to Rethink New Rules

Thousands of workers went on strike to protest new rules that make employees financially liable for goods returned by customers.

Nasdaq to Delist Russia’s Yandex, Other Tech Firms

Nasdaq said it has notified Yandex, Ozon, QIWI, HeadHunter and Cian of plans to delist their securities on March 24.

industrial inaction

Staff at Russian E-Commerce Giant Wildberries Begin Protest

Employees of Russian e-commerce giant Wildberries launched a nationwide industrial action to protest against a new payment system.

benefit revoked

Russia Moves to End Tax Deal With 'Unfriendly' Countries

Their statement follows an EU decision this week to add Russia to its tax-haven blacklist.

Russia's Oil Revenue Sinks as Sanctions Bite – IEA

Russia, however, was still shipping "roughly the same" amount of oil to world markets, according to the IEA.

Russia Resumes Publication of Trade Statistics After Year-Long Pause

Federal Customs Service is to resume publication of the country's official foreign trade data after a year-long hiatus, the agency announced on Monday...

economic measures

Canada Bans Aluminum, Steel Imports From Russia

Canada on Friday announced a ban on imports of Russian aluminum and steel products, with the aim of denying Moscow revenues to fund its war in Ukraine...

Sanctioned Billionaires Fridman, Aven to Sell Alfa Bank Stake in $2.3Bln Deal – FT

The two businessmen “want to do everything they can to get out of their Russian assets so that sanctions will be removed.”

Russia's Biggest Bank Announces Huge 2022 Fall in Profits

Russia's Sberbank on Thursday announced its net profit dropped nearly 80% in 2022 in the wake of the Russian invasion of Ukraine.

‘too much state’

Russia Faces Looming Foreign Investment Crisis, Oligarch Warns

Russian oligarch Oleg Deripaska urged the Kremlin to ease its rules on foreign investment on Thursday.

EU Imposes Fresh Sanctions on 121 Russian Businesses and Individuals

The EU finalized a new round of sanctions on Russia over its ongoing invasion of Ukraine on Saturday.

'untrue and misleading'

Heineken Denies Claim it Broke Promise to Exit Russian Market

Dutch giant brewer Heineken said Wednesday that it still planned to exit Russia after a media report accusing it of "breaking a promise" to leave over...

stabilized drop

Russian Economy Contracts by 2.1% In 2022 — Rosstat

The Russian economy contracted by 2.1% last year, the government's statistics agency Rosstat said Monday, absorbing Western sanctions over Moscow's military...

To Stay or to Leave? How 9 Major Western Brands in Russia Responded to the Ukraine War

Over 1,000 international companies have voluntarily curtailed their operations in Russia since the invasion. Though many remain.

Ukraine Calls Retail Giant Auchan 'Weapon of Russian Aggression'

Ukraine's foreign minister on Friday accused French retailer Auchan of being a "full-fledged weapon of Russian aggression" following a joint investigation...

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