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Articles with tag "business"

Freight Costs for Chinese Goods to Russia Surge Amid Kazakhstan Border Gridlock

The cost of transporting a container has already risen by about 40% compared with September, with another round of price hikes expected in November.

Number of New Brands Entering Russia Drops in 2025 – Report

Just 27 previously unrepresented brands launched in Russia between January and September 2025, a 37.5% decline compared with last year.
2 Min read

Russia Nationalizes Major Machine-Building Plant

The Supreme Court said that the plant has “strategic significance for the defense and security of the country.”
2 Min read
opinion Jason Corcoran

Can Russians Be Trusted With Dollars? The Finance Ministry Doesn't Think So.

A proposed law to grant Putin powers over Russians' foreign currency transactions would suffocate personal freedom and the economy.
4 Min read

Most Russian Businesses Plan to Raise Prices as Tax Hike Looms – Survey

The government's proposal to raise the VAT rate and lower the annual revenue threshold for VAT payments has put small businesses under pressure.
2 Min read

New Rules Keep Tourists From Buying Russian SIM Cards, Operators Complain

Foreign users on Russian networks have dropped to under 3 million users this year, with tourists now accounting for less than 1% of new SIM cards, down...
2 Min read

Russia's Planned Tax Hike Would Put Hundreds of Thousands of Small Businesses at Risk of Closure, Lawmaker Warns

The head of the New People party said the proposal to lower the annual revenue threshold for VAT would hit small and medium-sized enterprises in the regions...
2 Min read

Russia’s Severstal Reports Sharp Profit Drop, Negative Cash Flow

Severstal, controlled by billionaire Alexei Mordashov, posted a third-quarter profit of 12.99 billion rubles ($160 million).
2 Min read

Russian Titanium Giant Cuts Workweek Amid Falling Demand

VSMPO-Avisma is the world’s largest titanium producer, accounting for 90% of Russia’s total output.
2 Min read

Russian State Giants Top Corporate Debt Ranking – Forbes

According to Central Bank estimates, one in six major companies is now struggling to manage its debt.
2 Min read

Estonian Business Figures Linked to Russian War Profiteers – The Insider

Much of the cross-border business dealing reportedly involves the logistics and transportation sectors tied to Russian Railways, the state-owned monopoly...
2 Min read

Russia’s Metals Industry Faces Layoffs, Shortened Workweeks – Reuters

"There is a quiet cutback going on in the metals industry," a Reuters source said, citing weak demand, high interest rates and the strong ruble as the...
2 Min read
opinion Tatyana Rybakova

How the Kremlin Decided to Sacrifice Small Business to Pay for War

Desperate to fund the war as the economy flags, the Kremlin is piling pressure on entrepreneurs. Here's the story of one man pondering his future.
4 Min read

Russian Stocks Suffer Sharpest Single-Day Drop in 3 Years

The sellof accelerated after a senior diplomat said that progress toward a potential peace deal to end the war in Ukraine had largely stalled.
2 Min read

Danone’s Former Russian Business Renamed as ‘Milk Logic’

Danone announced its intention to leave Russia after the 2022 invasion of Ukraine, with the Kremlin temporarily seizing its assets the following year.
1 Min read

Russia's Power of Siberia 2 Deal With China Would Take a Decade to Boost Gas Exports – Reuters

Even if a deal is finalized, construction would take at least five years and another five would be needed to reach full capacity, industry sources told...
2 Min read

More Taxes for More War: Unpacking Russia’s 2026 Budget

The proposed budget underscores the Kremlin’s resolve to press on with the war — even if it means higher costs for businesses and consumers.
6 Min read

Moscow Businessman Arrested Over Decades-Old Contract Killings

Ibragim Suleimanov was arrested after the alleged gunman reportedly testified against him.
1 Min read

Russia’s Auto Industry Faces Labor Shortages as 4-Day Work Week Forces Employees Out – Reports

Employee incomes have fallen by about 20% since GAZ introduced a four-day work week in July, Mash reported.
2 Min read

Citibank to Stop Servicing Client Accounts in Russia – Reuters

The bank, one of the largest Western lenders on the Russian market, advised clients to transfer their remaining funds to other banks as soon as possible...
2 Min read
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