Articles - The Moscow Times

Support The Moscow Times!

Contribute today

Ovechkin to Launch His Own Beer Brand in Russia

The NHL star is teaming up with a brewer built from Heineken’s former Russian assets to produce the OVI beer range.

Putin Says Chinese Cars Are Cheap. Yet Russian Buyers Pay a Hefty Premium.

Taxes, import charges and assembly costs push prices for Chinese vehicles to roughly twice those in China itself, industry analysts say.

Russia Will Consider Partial Lifting of Diesel Export Ban in Case of Overproduction, Novak Says

Novak said that the situation with Ukrainian drone attacks on Russia's energy infrastructure has remained "tense."

Here's How Russia Plans to Pay for the Ukraine War in 2027

Moscow is planning higher taxes, more borrowing and cuts to national health programs to help it fund its record defense spending.

Russian Businesses to Pay $5.7Bln in ‘Voluntary’ Budget Contributions – The Bell

Contributions surged after Putin’s annual meeting with business leaders in March, when he asked billionaires to contribute toward the war effort.

Russian Exports to Turkey Fall 40% Amid Ukrainian Strikes on Southern Ports

Shipments to Turkey, Russia’s third-largest trading partner, totaled $1.93 billion, down from $3.23 billion in July.

Russia’s Finance Ministry Fails to Sell Bonds as Borrowing Plans Weigh on Market

The failed sale comes as the government prepares to borrow more to cover a widening budget deficit.

Russian Regions Turn to Residents and Businesses to Fund Bomb Shelters

Emergency Situations Minister Alexander Kurenkov said in February that his ministry was restoring more than 20,000 civil defense facilities nationwide...

Russia’s Crude Exports Rise as Diesel Ban Limits Gains From Higher Oil Prices

The increase could help Moscow fund its rising military spending, but it comes with a costly trade-off.

opinion Charles Hecker

Moscow's Audacious Asset Grab Is a Warning to Western Companies

The seizure of Auchan and Nestlé is an unmistakable signal that even playing by the rules won't protect you from nationalization in Russia.

Kremlin Seizes Russian Subsidiary of German Retailer Metro

The move comes after Moscow took control of the Russian subsidiaries of Nestlé and the supermarket chain Auchan earlier this month.

Russian Government Suspends Audits for Companies Targeted in Ukrainian Attacks

Officials described the temporary measure as a way to reduce bureaucratic red tape for businesses during recovery efforts.

Firms Linked to Putin Classmate Win $1.5Bln in Moscow School Meal Contracts, Report Says

The lucrative school catering business was once held by companies owned by late Wagner mercenary group founder Yevgeny Prigozhin.

Russian Managers Take Control at Western Companies Seized by the Kremlin

Leading business figures in Russia have said the latest asset seizures should serve as a warning signal to Europe amid ongoing discussions to use frozen...

EU Removes Billionaires Usmanov and Fridman From Sanctions List

The EU also rolled over the remaining 3,000 individuals and entities on its Russia sanctions list for another three years, diplomats said.

Putin Orders Seizure of U.S. Packaging Maker’s Russian Plant

Aptar Vladimir was transferred to H&N, which took control of Danone’s Russian operations during a similar asset seizure in 2023.

Police General Vows to Protect Seized Auchan Stores From Drone Attacks

Putin this month transferred the Russian assets of Auchan, Nestlé and Lemana PRO to the temporary management of L.E.V. Management, which is headed by...

Wine Production in Crimea Drops 25% Amid Fuel Shortages and Supply Line Attacks

Industry experts told Kommersant that the production slump was due to Ukraine ramping up its attacks on the peninsula this summer.

Kremlin Seizes Nestlé and Auchan Assets in Latest Business Crackdown

President Vladimir Putin signed a decree Thursday placing the company’s Russian assets under temporary administration.

opinion Tatyana Rybakova

Russia Has a Labor Shortage. So Why Can’t Anyone Find a Job?

Russia’s official unemployment rate of 2.3% should indicate a severe shortage of workers. But workers themselves tell a different story.

View more articles