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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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