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Articles with tag "business"

Russia's Online Sellers Seek New Workarounds as Moscow Tightens Import Controls

"Following all the rules will inevitably lead to higher prices again," one marketplace consultant said.

Switch to Biking to Save Fuel, Stavropol Governor Tells Officials as Shortages Persist

From Tuesday, members of the regional government will need the governor's personal approval to travel outside the regional capital, Governor Vladimir Vladimirov...
2 Min read

BMW Warns of Unauthorized Production of 'Pirated' Cars in Russia

BMW told Germany's Bild newspaper that production at the Kaliningrad plant operated by its former Russian partner Avtotor was taking place without the...
2 Min read

Regions Calling: Russia's Fuel-Producing Hub Struggles to Shake Off Supply Crisis

Even Bashkortostan, Russia's leading producer of diesel and gasoline, is feeling the impact of this summer's fuel crisis.
6 Min read

Kazakhstan Court Overturns $1.4Bln Naftogaz Arbitration Award Against Gazprom

The Astana International Financial Centre had earlier ruled that Ukraine’s state oil and gas company, Naftogaz, be allowed to collect a $1.4 billion...
2 Min read

Russia Bans Diesel Exports to Ensure Domestic Supply After Targeted Ukrainian Drone Strikes

The government said the ban, which includes producers of the fuel, will be in place until July 31.
2 Min read

Russian Hotels Ordered to Use State Messenger Max for Guest Check-Ins

Under the new regulation, hotels with more than 50 rooms must purchase hardware and train staff to use Max before the law takes effect on Sept. 1.
1 Min read

Russia Seizes Assets of Major Marine Fuel Supplier Transbunker

The decision is the latest in a sweeping campaign that has seen hundreds of private companies transferred to state ownership since the full-scale invasion...
3 Min read

Russia Says Digital Ruble Ready for Sept. 1 Launch Despite Weak Public Demand

Beginning Sept. 1, all 12 of Russia's systemically important banks will be required to support digital ruble transactions, while large retailers will also...
2 Min read

Russian Cafe Chains Shrink as Restaurant Sector Feels Pressure From Costs, Changing Consumer Habits

Two well-known Russian restaurant chains have roughly halved their footprints since Moscow launched its full-scale invasion of Ukraine.
2 Min read

Wildberries Stops Compensating Sellers for Products Damaged in Airstrikes

Starting Tuesday, July 7, Wildberries will not be required to compensate sellers under force majeure circumstances resulting from artillery, drone and...
1 Min read

Russian Ammonium Nitrate Output Falls After Drone Attacks Disrupt Chemical Plants

Ammonium nitrate is a key fertilizer but is also widely used in the manufacture of industrial explosives.
2 Min read

Fleet Groundings Mount at Several Russian Airlines as Sanctions Strain Maintenance – Kommersant

Excluding state-controlled Aeroflot, which has kept most of its fleet flying, nearly 30% of aircraft operated by the remaining major airlines were grounded...
2 Min read

Russia's Timber Exports to China Slump as Property Crisis Deepens

The decrease adds to mounting pressure on an industry already struggling with sanctions, high borrowing costs and weak profitability.
2 Min read

Russia Puts $2.3Bln of Data Center Projects on Hold Amid High Borrowing Costs and Energy Grid Limits

The slowdown underscores the growing tension between Russia's ambitions to build domestic AI capabilities and the infrastructure constraints facing the...
3 Min read

State Duma Passes Bill Delaying VAT Tax Hikes for Small Businesses

Under the legislation, small businesses using Russia’s simplified tax system would only have to pay the national value-added tax if their revenue exceeds...
2 Min read

Russia Hands Control of Nationalized Warehouse Owner to State Company

Russia's campaign of asset seizures has reshaped ownership across several sectors of the economy.
2 Min read

As Wartime Slump Deepens, Russia’s Construction Sector Is on Shaky Ground

The slowdown, which has been described as the industry’s "most serious stress test since the 2009 crisis," risks affecting the broader economy.
4 Min read

Chechen Businessman Buys Stake in Gold Mining Company at Final Auction

A construction company owned by Chechen-born billionaire Ruslan Baisarov was declared the winner of a fourth and final government auction to sell the Yuzhuralzoloto...
1 Min read

Son of Russian Security Chief Acquires Stake in Large Far East Gold Project

If the projected gold resources are confirmed, Tan could rank among Russia's largest undeveloped gold deposits.
2 Min read
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