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Articles with tag "business"

Russia-Linked Crypto Exchange Grinex Says Lost Over $13Mln in Cyberattack

The incident underscores the challenges facing crypto-based payment systems that have emerged as workarounds to Western sanctions.

Russian Part-Time, Idle Workforce Hits Highest Since 2020 Pandemic Peak

The surge points to a widening use of reduced working hours as companies seek to cut costs without resorting to mass layoffs.
2 Min read

Tinkov-Founded Fintech Plata Hits $5Bln Valuation After $405M Funding Round

The deal makes Plata the most valuable private financial technology company in Latin America.
2 Min read

Putin Demands Answers as Russia’s Economy Undershoots Expectations

He called for urgent measures to revive growth in what marks his second public complaint about economic weakness in a month.
3 Min read

State Duma Passes VAT Exemption for Food Industry to Ease Wartime Tax Burden

The legislation, if signed into law, would effectively roll back part of a government tax reform implemented in January, which raised the standard VAT...
2 Min read

Russia Introduces Helium Export Controls Amid Global Shortage

Russia is the world’s third-largest helium producer behind Qatar and the United States.
2 Min read

Russia Imposes Higher Duties on Parallel Imports Routed via EAEU

The change could push up prices for everyday consumer goods and force companies to rethink supply chains.
2 Min read

Russian Railways Puts Moscow’s Rizhsky Station Up for Sale

The historic Rizhsky Station is now available for 4 billion rubles ($52.5 million) on the online marketplace Avito.
2 Min read

Kremlin Economic Envoy Arrives in United States for Talks

Kremlin spokesman Dmitry Peskov said Kirill Dmitriev is leading a delegation focused strictly on economic affairs.
1 Min read

Russian Crude Oil Selling at 13-Year High

On April 2, Urals shipped from the Baltic Sea port of Primorsk sold for $116.05 per barrel, while cargoes from the Black Sea port of Novorossiysk reached...
2 Min read
opinion Tatyana Rybakova

How the Kremlin Is Considering Cracking Down on Financial Freedom

As banks intrude into customers' affairs and a draft bill plans to restrict cryptocurrencies, it's no surprise Russians turn to conspiracies.
5 Min read

ING Terminates Sale of Russian Business

The Dutch lender said it canceled the deal after determining there was “no realistic expectation” the buyer would obtain the required regulatory approvals...
1 Min read

Russian Crypto Payments Network Seeks Africa Expansion – FT

A7's crypto network offers a way for Russia to bypass Western financial systems following sanctions imposed over the war in Ukraine.
2 Min read

Russia’s Largest Business Lobby Says It’s Open to Windfall Tax to Plug Budget Gap

“All the mechanisms are already in the tax code. The only issue is that there aren’t any profits. Many companies are operating at a loss,” RSPP President...
2 Min read

Russia's Manufacturing PMI Falls in March as Confidence Hits Lowest Since 2022

Companies continued to report subdued demand, forcing them to cut production and reduce their workforces, S&P Global said. 
3 Min read

Grocery Giant Magnit Swings to First Net Loss in Over 20 Years

Higher borrowing costs and weakening consumer demand have continued to squeeze profitability.
2 Min read

Wildberries & Russ Buys 3 Ride-Hailing and Delivery Companies in Direct Challenge to Yandex

The online retailer acquired Citymobil, Taksovichkof and Gruzovichkof at a total estimated cost of $37-100 million.
1 Min read

VkusVill Closed Hundreds of Stores in 2025

A company spokesperson said the closures were part of an optimization strategy as VkusVill shifts its focus toward online delivery.
1 Min read

Russian Oil Exports Fall by 1.75M Bpd as Drones Assaults Baltic Ports

Weekly crude flows fell to 2.32 million bpd in the week to March 29, down from 4.07 million bpd the previous week.
1 Min read

Russia Warns Rusal Over High Domestic Aluminum Prices, Threatens Antitrust Case

The move raises pressure on one of the country’s key metals producers as authorities seek to shield local industry from rising costs.
2 Min read
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