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2021 LOOK AHEAD

Russia in 2021: A Corporate Reckoning?

The pandemic exposed deep divides in Russia’s corporate world. How will the recovery play out?

permission to pollute

Russian Businesses Ask for Environmental Regulation Reprieve Amid Pandemic – Kommersant

Experts warn that relaxing the regulations “risks people’s health and lives.”

hard-hit economy

In 4th Coronavirus Address, Putin Calls for Stronger Business Support

The president has come under fire for not offering a comprehensive business support package sooner.

Russia Restricts Grain Exports Amid Pandemic

Russia is the world's top wheat exporter.

Moscow’s Small Businesses Feel the Pinch Under Coronavirus Lockdown

Once the health crisis ends, the city's small businesses say they might not be able to bounce back.

2020 LOOK AHEAD

Russia in 2020: Business Is Booming but the Future Is Unclear

While Russian businesses are feeling confident and growing their revenues, a lack of ambition and risk-taking could limit potential.

it could be you

Jailed Russian Banker Warns Businesspeople of Same Fate in Newspaper Ad

“You’re getting ready to go on vacation, but tomorrow you can go to prison,” Alexander Popov's ad warns.

Behind-the-scenes business

Putin’s Ex-Wife Co-Owns Top Russian Microlender – Sobesednik

The startup's portfolio has grown an estimated 30% in the year since she reportedly purchased the shares.

Tech Giant Elon Musk Appears at Small Russia Business Forum

The organizers invited the billionaire entrepreneur by billboard.

WESTERN INFLUENCE

U.K. Firms Fight Russia’s Image Problem

At an annual investment forum in Moscow, British businesses promoted U.K.-Russia business relations amid the ongoing political standoff.

Russian Hostels in Apartments Still Open Despite New Ban – Reports

The number of hotels and guest houses even increased in Moscow and St. Petersburg since the law was passed in March.

Business dispute

How the Michael Calvey Case Has Unfolded So Far

The saga that triggered unease among Russia’s business community and stoked tensions between Moscow and Washington may soon be over.

versatile personality

One of Russia’s Richest Men Has Become a Trip-Hop Music Artist

“Music stimulates intellectual activity that helps me to search and discover new business opportunities,” he said.

Relentless Rise of Consumer Debt in Russia Fuels Bubble Fears For Some

After five years of shrinking real incomes many Russians are borrowing to make ends meet.

leaps and bounds

Wildberries Overtakes Sportmaster as Russia’s Biggest Clothes Retailer

This is the first time an e-commerce store has become a market leader in the country.

Pre-trial leniency

Russia Moves to Ban Keeping Businessmen in Detention for No Reason

Fear of criminal investigations against businesspeople is jeopardizing investment in Russia’s struggling economy.

Big Mac Index Counts Ruble as Most Undervalued Currency

The Russian currency lags its ideal value by a whopping 64.5%.

end of partnership

Sberbank and Yandex E-Commerce Joint Venture May End in Divorce

The state-owned bank and leading tech company are unhappy after just one year.

Russia Adopts Law on Enforcement of Foreign Judgements

The convention regulates the cross-border enforcement of court decisions.

Shrinking sector

Lack of New Business Pulled Down Russia's Services and Manufacturing PMIs in June

The overall economy continues to sputter and services are negatively affected by the stagnant real incomes.

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