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Russians Spend Nearly $50Bln on Foreign Travel as Stronger Ruble Fuels Outbound Boom

Turkey, the UAE, Egypt, China and Thailand were the most popular destinations.

Russian Steelmakers Seek Tax Relief as Output Falls, Layoffs Begin

Producers have begun shifting to shorter working weeks, laid off about 3,000 employees and were placing blast furnaces into hot idle mode due to declining...

Russian Business Climate Indicator Slips to Near-Stagnation

February’s reading was the weakest since October 2022, when business activity slumped in the wake of Russia’s “partial” mobilization for the war...

Russian Companies Move Millions to Part-Time Work in Decade High

The surge in part-time work highlights the hidden strain on Russia’s economy as the invasion of Ukraine nears its four-year mark.

Russian IT Wages Stagnate as Growth Falls Behind Inflation

Rising prices have begun to erode real incomes for IT workers.

Russia’s Northern Sea Route Cargo Volumes Fall for Second Straight Year

Despite the Kremlin's plan to boost traffic along the Northern Sea Route, international demand remains limited due to a variety of factors.

Ukrainian Strikes Cost Russian Oil Sector Over $13Bln in 2025, Insurers Say

Bloomberg calculated that Ukraine carried out 120 attacks on Russian energy facilities in 2025.

Russian Exporters’ FX Sales Fall to 3-Year Low, But Ruble Holds Firm

Net foreign currency sales by Russia’s largest exporters fell to $4.7 billion in December, the lowest level since the Central Bank started publishing...

Russian Companies Forced Out of Venezuela After U.S. Capture of Maduro, Lavrov Says

“Right now, in the wake of the events in Venezuela, our companies are being quite openly forced out of the country,” Lavrov claimed.

Credit Bank of Moscow Posts Rare Loss as Bad Loans Surge

Most of the losses were recorded in December, when the bank posted an 8.2-billion-ruble ($106.6 million) loss.

Russian Mortgage Lending Hits January Record as Borrowers Rush Ahead of Rule Changes

The surge was driven by borrowers rushing to secure loans ahead of changes to the popular “family mortgage” program that took effect on Feb. 1.

opinion Tatyana Rybakova

Moscow's Domodedovo Airport Dispute Epitomizes Russian Capitalism

From the lawless 1990s to the Kremlin's paranoia over foreign ownership, the dispute shows why Russia struggles with capitalism.

Russian Investment Growth Stalls as High Rates Deter New Projects

Investment rose just 0.5% in the first nine months of 2025, Deputy Prime Minister Alexander Novak said, adding that full-year growth would likely be “zero...

Sheremetyevo Buys Domodedovo Airport at Auction After Price Cut to $880M – Reports

Domodedovo was nationalized last year after a court determined its two owners were foreign residents who did not have the right to manage the airport.

Russian Business Optimism Plunges Amid Tax Hike and Rising Costs – Survey

Just 4% of Russian companies view the domestic economy positively.

U.S. Carlyle Group Agrees to Buy Most of Lukoil’s Foreign Assets

The assets include shares in oil fields and refineries across the globe, including in Iraq, Azerbaijan, Egypt, the UAE, Nigeria and Mexico.

Russia Delays Launch of Yekaterinburg Microchip Plant to 2027

The Karat factory had previously been scheduled to begin operations by the end of 2026, but construction has still not yet begun.

Finance Ministry Eyes Online Casino Legalization to Boost Revenues – Kommersant

Finance Minister Anton Siluanov reportedly suggested lifting Russia’s ban on online casinos, which have been illegal since 2009, as the government looks...

Russia Halves Civilian Cargo Ship Orders Amid Rising Costs

The State Transport Leasing Company (GTLK) will now deliver 18 vessels between 2023 and 2028, down from an initial order of 34.

Lukoil Seeks Tax Relief as Oil Discounts Deepen – Izvestia

Russian crude is trading at a discount of nearly 50% to global benchmarks.

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