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Articles with tag "business"

News Analysis

Russia vs. the World: New Data Exposes Putin’s Struggle to Attract Global South Investment

Moscow is still a long way from persuading its much-touted Global South partners to place real trust in the Russian economy, as two recent indicators show...

Russian Factories Hired Nearly 50K Foreign Workers in 2024 – Labor Ministry

The latest data comes as Russia grapples with a shrinking domestic workforce.
1 Min read

Foreign Investment in Russia Falls to Lowest Level Since 2001, UN Report Says

Analysts point to a rise in state seizures of private assets, including the recent nationalization of Domodedovo Airport, as a deterrent.
2 Min read

Russian Steel Executive Rings Alarm Bells for Struggling Industry

A strengthening ruble and high interest rates have choked demand and profitability, making imminent production cuts and plant closures a possibility.
2 Min read

Dodo Pizza Owner Finalizes Legal Move to Kazakhstan

Founded in 2011 by Russian entrepreneur Fyodor Ovchinnikov, Dodo Brands has expanded into Europe, the Middle East, Africa and Southeast Asia, operating...
2 Min read

Oil Prices Surge, Russian Stocks Rise as Israel-Iran Tensions Grow

The Russian stock exchange rose slightly at the start of trading Friday, with oil and gold companies seeing the biggest increases in share prices.
2 Min read

Yandex Co-Founder Volozh's Dutch Tech Firm Unveils Second Supercomputer

Nebius called ISEG2 “the most powerful commercially available system in Europe.”
2 Min read

St. Petersburg Economic Forum to Feature U.S.-Russia Business Panel

The president of the American Chamber of Commerce in Russia, Robert Agee, will moderate the panel discussion, according to the forum’s organizers.
2 Min read

Russia’s National Welfare Fund at Risk of Depletion By 2026, Economists Warn

The warning underscores the mounting fiscal pressure facing the Kremlin as oil prices fall and the ruble strengthens.
3 Min read

Renault Considering Making Drones in Ukraine

France's defense minister announced earlier that a French automaker and a French defense firm would produce drones in Ukraine.
1 Min read

Magnit Looks to Sell Its Big-Box Stores, Lenta Eyed as Possible Buyer

The possible deal would align with Magnit’s shift toward smaller-format stores and offer Lenta, which operates more than 5,400 locations, a chance to...
1 Min read
opinion Charles Hecker

‘I’m Not Leaving Until They Throw Me Out’: Why 70% of Italian Businesses in Russia Are Still There

While most international businesses pulled out of Russia over the war, Italian companies with large appetites for risk have stayed.
5 Min read

Russian Diamond Exports Fall to Decade Low

The Russian diamond sector has been hit hard by Western sanctions imposed over the war in Ukraine and a wider global downturn.
2 Min read

Russian Car Sales Plunge 27.5% Year-on-Year

Over 70% of all new passenger vehicles sold in Russia since the beginning of the year were produced in either 2023 or 2024.
2 Min read

Rusagro Cedes Meat Producer Stake to Belgorod Region After Owner’s Arrest

Rusagro began acquiring Agro-Belogorye in 2019 and finalized its consolidation last November, becoming Russia’s second-largest pork producer.
2 Min read

Putin Says Russia Should ‘Strangle’ Foreign Tech Companies

“I say this without hesitation,” the president told a group of business leaders. “We must respond in kind, mirror their actions.”
2 Min read

Dozens of Russian Companies Suspend Dividend Payments Amid Economic Uncertainty

High interest rates, reduced revenue and sanctions pressure are taking their toll on some of Russia's largest firms.
2 Min read

70% of Italian Firms Stayed in Russia Following Ukraine Invasion, Trade Official Says

Companies that stayed “are asking themselves whether it's worth staying or not,” the president of the Italian-Russian Chamber of Commerce said.
2 Min read

Rosneft Takes Over Russia’s Largest Rare Earth Deposit

The acquisition by Rosneft comes after President Vladimir Putin slammed the project’s previous operator over development delays. 
1 Min read

‘It Will Never Be the Same’: Can the West Win Back Russia’s Market from China?

The U.S. is interested in dissuading Moscow from aligning too closely with Beijing. But this shift is unlikely to be fully reversed.
7 Min read
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