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Articles with tag "business"

Russia’s Only Domestic TV Maker Declared Bankrupt

Consumer electronics retailer DNS filed a bankruptcy petition against the manufacturer, Kvant, last June over an unpaid debt of more than $8 million.

Russia Opens Antitrust Case Against Apple Over App Preinstallation Rules

Apple could face a fine of up to 4 billion rubles ($49.6 million) if found to have violated Russian competition law.
2 Min read

Russian Oil Refining Falls to 24-Year Low After Ukrainian Drone Strikes – Bloomberg

If eight tankers linked to the Caspian Pipeline Consortium terminal are included, July would rank as the busiest month for attacks on oil assets connected...
3 Min read
Feature

For Russians, a Summer Vacation Abroad Is Now a Luxury Few Can Afford

Economic uncertainty and risks posed by Ukrainian drone strikes are reshaping how Russians are spending their long-awaited vacations. 
5 Min read

Russia's Sberbank Warns of Rising Corporate Credit Risks as Bad Loans Increase

Meanwhile, Sberbank cut its 2026 GDP growth forecast to 0%-0.5% from a previous estimate of 0.5%-1%.
3 Min read

Wildberries Eyes State Support, Seeks Warehouses in Kazakhstan Amid Ukrainian Drone Strikes

The Russian government is exploring ways to support Wildberries and businesses that sell on its platform following the attacks, Reuters reported.
3 Min read

Over 4 Years Into the Ukraine War, Russian Metals and Energy Keep Flowing to Europe

Russia supplies Europe with energy, metals and other industrial goods through exemptions and sectors that have so far avoided tough restrictions.
4 Min read

Dubai Oil Trader Seeks to Become Top Creditor in Bankruptcy of Former Russian Refinery Owner – Kommersant

The move could place a little-known Dubai commodities trader at the center of the bankruptcy of one of Russia's strategically important oil refineries...
2 Min read

Russia Brings Forward Rail Tariff Hike to Support Debt-Laden RZhD

Instead of raising tariffs in 2027 as previously planned, the government will increase freight rail tariffs by 8.5% and long-distance passenger fares by...
2 Min read

Russia Turns to State Banks to Help Finance Mounting Wartime Budget Deficit

Russia's budget deficit reached nearly 6 trillion rubles ($77.40 billion) in the first half of the year, driven by record military spending.
3 Min read

Wildberries Freezes Loan Repayments for Merchants After Drone Strikes

The three-month payment pause will apply automatically through the company’s in-house financial services through the end of October.
2 Min read

Russia's Arnest Agrees to Buy Reckitt's Local Business, Extending Foreign Asset Buying Spree – FT

Alexei Sagal's Arnest has completed a series of high-profile acquisitions of assets previously owned by foreign companies.
2 Min read

Yandex Market Limits Liability for Drone Attacks After Wildberries Strikes

The changes make Yandex Market the latest major Russian marketplace to shift more of the financial risk from wartime disruptions onto merchants.
2 Min read

Richest United Russia Candidates Report More Than $103M in Combined Income

The combined income of the seven richest United Russia candidates exceeded the annual budgets of several regional capitals.
3 Min read

Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius, Sending Shares Higher

The disclosure highlights Nvidia's deepening commitment to Nebius, the former parent company of Russia's Yandex, as the AI infrastructure provider expands...
2 Min read

Ukrainian Strikes Slash Russian Grain Exports, Analysts Say

Russia is expected to export 1.5 million metric tons of wheat in July, down about 30% from 2.1 million tons in the same month last year and less than half...
3 Min read

What We Know About the Aftermath of Ukraine’s Wildberries Drone Strikes

The strikes, one of the costliest attacks on Russia’s commercial infrastructure since the start of the war, hit small businesses especially hard.
4 Min read

Could Russia's Wartime Debt Boom Trigger a Banking Crisis?

Banks are increasingly exposed as high interest rates and slowing growth make it harder for companies and households to repay their debts.
4 Min read

Russia's Fuel Crisis Raises Stagflation Fears as Growth Stalls and Inflation Accelerates

"It appears the fuel crisis has pushed the economy into recession," analysts at the Moscow-based MMI research group wrote.
3 Min read

VK Sells RuStore to Developer’s CEO Following EU Sanctions

RuStore was created as a domestic Android alternative, stepping in after Apple and Google limited access for Russian users.
2 Min read
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