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Articles with tag "business"

Russia's Restaurant Traffic, Revenue Hit 25-Year Lows – Industry Group

Consumers are pulling back on dining out despite official data showing rising incomes.

Forget Discounts – Russian Oil Is Now Selling at a Premium, Deputy PM Novak Says

“We’ve moved from a discount to either no discount or, in some cases, even a partial premium,” Deputy Prime Minister Alexander Novak told reporters...
2 Min read

Russia’s KamAZ to Reintroduce 4-Day Workweek as Truck Market Slumps

A sharp downturn in the domestic heavy truck market is forcing the company to scale back production plans.
2 Min read

Russia, Vietnam Advance Plans for First Nuclear Power Plant

Vietnam is seeking to shore up its fuel reserves at a time of disruption to energy supplies caused by the war in the Middle East.
2 Min read

Russian Corporate Health Insurance Costs Surge as Staffing Shortages and Inflation Bite

Labor shortages and rising input costs are driving up prices, even as employer-funded coverage expands only marginally.
2 Min read

Russia’s Oil Discounts to China Cost Billions Despite Price Surge, Study Finds

The total value of discounts granted to Chinese refineries reached $2.2 billion in 2025, analysts at the Gaidar Institute said.
2 Min read

Lukoil Reports $12Bln Loss in 2025 as Sanctions Force Foreign Asset Write-Off

The company said it has written off investments in its international business, Lukoil International, and estimated the cost at $20.2 billion.
2 Min read

VK Logs 6th Straight Annual Loss Despite Revenue Growth

Slowing advertising growth, rising financing costs and heavy investment needs weigh on VK's path to profitability.
2 Min read

Russian Railways to Cut 15% of HQ Staff as Losses Mount

The layoffs, which will include senior management at branch level, are part of a broader cost-cutting drive expected to save the company $888 million.
2 Min read

Russia’s Sovcomflot Swings to $648M Loss in 2025 as Sanctions Hit Tanker Fleet

The results underscore how tightening Western sanctions are complicating Russia’s ability to ship oil abroad.
2 Min read

Ousted Wildberries Co-Founder Named CEO of Electronics Retailer M.Video

Vladislav Bakalchuk replaces Felix Lieb, who briefly served as M.Video’s CEO in 2025 as the company pushed to expand its online marketplace.
2 Min read

This Russian Distillery Wants to Sell Trump Vodka

Kristall Distillery has petitioned to terminate the trademark rights of DTTM Operations, the entity that manages the trademarks of U.S. President Donald...
1 Min read

State Prosecutors Seek ‘Extremist’ Ban on Galitsky’s Venture Capital Fund

The Ukrainian-born entrepreneur founded Almaz Capital in 2008 to help connect Western money with start-ups in Russia and Eastern and Central Europe.
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Russian Supreme Court Rejects Ex-Domodedovo Owner’s Appeal to Overturn State Seizure of Airport

Last June, an arbitration court ruled to transfer Domodedovo’s ownership to the Russian state after determining that its owners were foreign residents...
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Low Oil Prices, Strong Ruble Squeezed Russia’s Budget in February

Experts said the recent surge in oil prices due to the Middle East conflict would not materially affect Russia's March revenues.
3 Min read

Parallel Imports Overtake Official Foreign Car Deliveries to Russia – Data

Analysts expect the share of parallel imports to keep rising and potentially reach as high as 60% of total deliveries.
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Russia Rejects Steelmakers’ Calls for Tax Breaks as Sector Slump Deepens

The government has opted instead for limited, targeted support as the sector struggles with falling demand and rising imports,
2 Min read

Global Car Brands Regain Ground in Russia Despite Push for Local Production

Japanese and European brands featured among the fastest-growing sellers despite having halted official operations in the country.
2 Min read

Russia Cuts State Support for Small Businesses Amid Budget Strain

Reduced support could deepen strains in a sector already grappling with slower growth and tax increases aimed at financing a budget stretched by military...
2 Min read

Russia’s Car Market Posts Worst Start to Year in 2 Decades, AvtoVAZ Executive Says

The comments underscore mounting pressure on consumer demand despite manufacturers ramping up production plans.
2 Min read
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