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Articles with tag "business"

Kremlin Offers Thoughts and Prayers to Businesses Hurting From Constant Internet Outages

Top spokesman Dmitry Peskov said the government has no plans to provide financial support to businesses that have seen their bottom lines negatively impacted...

Moscow Court Orders Seizure of Stake in Farming Giant Rusagro

Vadim Moshkovich, Russia’s 51st-wealthiest person according to Forbes, was arrested in March 2025 and faces fraud and bribery charges.
2 Min read

KamAZ Says It Survived Sanctions Shock as Sales Slump Deepens

CEO Sergei Kogogin's statement to President Vladimir Putin comes amid a sharp deterioration in the company’s financial performance.
2 Min read

Kazakhstan Says It Will End Russian Electricity Imports by 2027

Russia’s electricity exports have already been hit by the loss of the Chinese market amid power shortages in Russia’s Far East and growing competition...
2 Min read

China Now Supplies 90% of Russia’s Sanctioned Tech Imports – Bloomberg

Sources told Bloomberg that tougher EU sanctions had further restricted Russia’s remaining channels for acquiring Western technology directly.
2 Min read

VK Received $579M in Russian State Funds to Build YouTube Rival – Kommersant

The allocation accounted for nearly 10% of the Digital Development Ministry’s total spending of $6.08 billion, Kommersant reported.
2 Min read
News Analysis

For Russia’s Ailing Coal Sector, Not Even the Middle East Crisis Can Bring Relief

Russian and Western analysts say the crisis may instead accelerate Asia’s shift toward alternative energy sources.
5 Min read

Russia’s Nornickel Reports Sharp First-Quarter Drop in Metal Output

Analysts say further EU restrictions on Russia’s Murmansk port, a key export route for the company’s metals, could add fresh pressure this year.
2 Min read

Russia’s Small Businesses Slide Into Losses After Tax Hikes, Surveys Show

The findings suggest that tax changes introduced at the start of 2026 are squeezing smaller companies while also delivering weaker-than-expected tax revenues...
2 Min read

Mass Layoffs, Unpaid Wages Hit Coal Mines in Occupied Luhansk as Operator Nears Bankruptcy

Non-payment of wages has become a recurring problem for miners in Russian-occupied eastern Ukraine.
3 Min read

More Than Half of Russians Put Off Home Renovations as Costs Rise, Survey Finds

Rising borrowing costs, higher utility tariffs and persistent inflation are forcing households to scale back discretionary spending.
2 Min read

Russia’s Small-Farm Lobby Seeks Urgent State Aid

The appeal comes as the government weighs cuts to agricultural spending amid mounting fiscal pressure.
3 Min read

Russia's Planned VPN Traffic Charges Hit by Technical Delays – Vedomosti

While authorities have pushed telecom providers to limit access to VPNs, implementation has proved more complex than anticipated.
2 Min read

Russian Companies Freeze Hiring as Demand Cools, Central Bank Says

Some 64% of companies surveyed by the regulator said they do not plan to change staff numbers this year, citing subdued demand for their products.
2 Min read

Russia Signals Pullback in Business Support as Budget Strains Mount

Russia’s economy is slowing after a period of rapid, state-driven expansion that relied heavily on spare labor, industrial capacity and fiscal reserves...
3 Min read

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.
2 Min read

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
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