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Articles with tag "business"

Russia Weighs Budget Cuts Outside Defense as Fiscal Pressures Mount

Finance Minister Anton Siluanov said defense and social obligations remained untouchable priorities despite the fiscal strain.

Moscow Court Upholds ‘Extremist’ Label for Galitsky’s Venture Capital Fund

Almaz Capital was alleged to have sent $50 million to Ukrainian companies that produce weapons, ammunition and drones.
2 Min read

Russian Government Again Fails to Sell Stake in Gold Miner

The only would-be bidder in the second auction attempt, the Moscow-based company Russkiye Ugli, was disqualified from the bidding process, Russian business...
2 Min read

President of Russia’s Biggest Lobby Group Tapped as Putin’s Next ‘Business Tsar’

Alexander Shokhin will oversee a revamped version of the country’s business ombudsman office, the Kremlin said.
2 Min read

Russia’s Housing Developers Brace for Prolonged Slump After Mortgage Rule Changes

Nearly three-quarters of residential developers (73%) failed to meet sales targets in the first quarter, the weakest performance in two years.
3 Min read

Russia Plans NMTP Stake Sale to Help Plug Budget Gap

NMTP controls several strategically important assets, including the Novorossiysk oil terminal on the Black Sea and the Primorsk terminal on the Baltic...
2 Min read
News Analysis

Russia and China’s ‘No-Limits’ Trade Partnership Is Losing Steam

Analysts say the two countries may be approaching the limits of what their partnership can deliver economically.
4 Min read

Kazakhstan Court Clears Path for Naftogaz to Pursue Gazprom Assets Over $1.4Bln Award

This is the first public foreign court decision that allows the enforcement of this arbitration award in a separate jurisdiction, Naftogaz said.
2 Min read

Drone Strikes Force Central Russian Refineries to Halt or Cut Output – Reuters

The combined annual capacity of refineries that have either fully halted or significantly reduced operations is nearly one-quarter of Russia’s total...
2 Min read

Sochi Luxury Home Prices Outpace Miami, Dubai and Milan, Report Says

The surge has propelled Sochi into the ranks of the world's most expensive luxury housing markets, driven by a combination of strong demand, rising construction...
2 Min read

Government Auction Fails to Sell Majority Stake in Gold Miner After No Bids Submitted

Russia seized billionaire regional lawmaker Konstantin Strukov’s stake in Yuzhuralzoloto Group of Companies and affiliated firms last July on allegations...
1 Min read

Small Business Closures Rise Across Russia

Some 209,000 SMBs were liquidated in the first quarter, up 9% from the same period a year earlier.
3 Min read
News Analysis

Has the Iran War Sealed the Fate of Power of Siberia 2?

The pipeline remains stalled months after Gazprom signed a “legally binding” memorandum with China, even despite the global energy crisis.
4 Min read

Russia’s Largest Chip Maker Posts 98% Profit Collapse

Angstrem remains a key supplier of microelectronics for the Defense Ministry, state corporations and defense-sector manufacturers.
2 Min read

India, Russia Near Critical Minerals Pact as New Delhi Seeks to Cut China Dependence – Reuters

One of the sources said India could also revisit a lithium exploration project in Mali operated by Rosatom if the political and security situation there...
2 Min read

Kremlin Offers Thoughts and Prayers to Businesses Hurting From Constant Internet Outages

Top spokesman Dmitry Peskov said the government has no plans to provide financial support to businesses that have seen their bottom lines negatively impacted...
1 Min read

Moscow Court Orders Seizure of Stake in Farming Giant Rusagro

Vadim Moshkovich, Russia’s 51st-wealthiest person according to Forbes, was arrested in March 2025 and faces fraud and bribery charges.
2 Min read

KamAZ Says It Survived Sanctions Shock as Sales Slump Deepens

CEO Sergei Kogogin's statement to President Vladimir Putin comes amid a sharp deterioration in the company’s financial performance.
2 Min read

Kazakhstan Says It Will End Russian Electricity Imports by 2027

Russia’s electricity exports have already been hit by the loss of the Chinese market amid power shortages in Russia’s Far East and growing competition...
2 Min read

China Now Supplies 90% of Russia’s Sanctioned Tech Imports – Bloomberg

Sources told Bloomberg that tougher EU sanctions had further restricted Russia’s remaining channels for acquiring Western technology directly.
2 Min read
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