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‘OUR HANDS ARE TIED’

As Markets Crash and War Fears Grow, Russia’s Business Elite Suffers in Silence

Some of the country’s most successful executives are preparing for heavy losses, but unable to speak out or influence events.

2022 LOOK AHEAD

Russia’s Business Owners Fear Kremlin Pressure Set to Tighten

The country’s biggest businesses will be asked to contribute even more to Russia’s development.

PRICE CONSCIOUS

Rising Inflation Gives Boost to Russia’s Discount Retailers

Surging prices and weak wages are a win-win for Russia’s bargain stores, even as the wider economy slows.

Russia's Small Business Share Hits Record Low

Small businesses account for less than one in every eight rubles of corporate turnover.

Testing the rules

Moscow Raids Firms Violating Lockdown, as Small Businesses Call for Help

Owners say weak support from the government has left them with no choice but to carry on working.

art for the masses

Russia's Breakthrough Contemporary Art Market

How Russia's contemporary art market has gone from zero to booming in less than 30 years.

Russia Fines Booking.com $17Mln For 'Abusing' Dominant Position

The move comes as Russia ratchets up pressure against Western tech companies.

Scenes From Russia's Landmark Business Forum

Russia pulled out all the stops for its first St. Petersburg International Economic Forum since the start of the pandemic.

Falling Profits, But Corporate Russia Stays in the Black

Businesses bruised by pandemic, while blue chips defy worst expectations.

Russian Retailer Launches Facial Recognition Payments

The scheme is backed by Visa and Sberbank, and will be rolled out to 3,000 stores by the end of the year.

looking forward

U.S. Investor Calvey Wants 'To Stay in Russia' After Trial

In a rare press statement, Calvey said he would like to "draw a line under" his trial and move on once it's over.

Russian Discount Chain Eyes Largest Foreign IPO Since Sanctions

FixPrice is aiming to raise up to $1.7 billion in its London stock market launch.

Russia’s Small Businesses Are Suffering Despite Easing of Coronavirus Restrictions

One in ten firms is preparing to close, warns the Kremlin’s business envoy.

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.

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