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Articles with tag "business"

Russia Rejects Steelmakers’ Calls for Tax Breaks as Sector Slump Deepens

The government has opted instead for limited, targeted support as the sector struggles with falling demand and rising imports,

Global Car Brands Regain Ground in Russia Despite Push for Local Production

Japanese and European brands featured among the fastest-growing sellers despite having halted official operations in the country.
2 Min read

Russia Cuts State Support for Small Businesses Amid Budget Strain

Reduced support could deepen strains in a sector already grappling with slower growth and tax increases aimed at financing a budget stretched by military...
2 Min read

Russia’s Car Market Posts Worst Start to Year in 2 Decades, AvtoVAZ Executive Says

The comments underscore mounting pressure on consumer demand despite manufacturers ramping up production plans.
2 Min read

Ukrainian Drone Attacks, Rising Airfares Dent Demand for Sochi Trips – Kommersant

Interest in trips to one of Russia’s most popular domestic holiday destinations dropped by 30% year-on-year in February 2026.
2 Min read

Sberbank Reports Record $22Bln Profit in 2025

It marked a third consecutive year of growth for the majority state-owned lender despite Western sanctions.
1 Min read

Dodo Pizza Founder Apologizes After Employee Fired for Sheltering Stray Dog Sparks Backlash

The company faced backlash and calls for a boycott over the firing of an employee who wrapped a stray dog in a blanket during freezing weather.
1 Min read

Russia’s Energy Revenues Down 27% From Pre-War Levels – Analysis

In total, Russia earned 193 billion euros from energy sales over the past year, of which 14.5 billion euros came from the European Union. 
3 Min read
Feature

‘Systemic Degradation’: How 4 Years of Occupation Have Devastated the Economy of Eastern Ukraine

In a region already torn apart by war, the lack of means to put food on the table only heightens day-to-day hardship, experts and locals say.
5 Min read

FT Uncovers Network of Shell Firms Exporting $90Bln in Sanctioned Russian Oil

The network was discovered because all of them use the same private email server, the FT said.
2 Min read

U.S. Investor Linked to Trump Signed Gas Deal With Russia’s Novatek – NYT

The investor, private equity executive Gentry Beach, said the project had been discussed “at the highest levels” in Moscow and Washington.
2 Min read

Putin Urges Businesses to Encourage Employees to Have More Children

Businesses should play a “key role” in meeting the country’s demographic goals, Putin said as Russia continues to grapple with falling birthrates...
2 Min read

Kremlin Envoy Pitches $14 Trillion in Potential U.S.-Russia Projects

The Economist described the figures as “hyperbole designed to please” U.S. President Donald Trump amid Ukraine talks.
2 Min read

Russia’s New Car Prices Jump 46% Since Ukraine Invasion

“Cars in Russia are becoming among the most expensive in the world,” the head of the Avtostat analytical agency said.
3 Min read

Renaissance Capital Completes Buyout of Citibank’s Russian Operations

AO Citibank will be renamed to AO RenCap Bank and will continue servicing its existing clients as a “standalone entity,” Renaissance Capital said.
2 Min read

Russian Stock Market Faces Uphill Battle to Hit Putin’s Ambitious 2030 Target

In 2024, Putin ordered the stock market to double its market capitalization to 66% of GDP. To hit that target now would require a near‑threefold increase...
3 Min read

Russia to Hike Cargo Rates to Support Rail Monopoly Amid Mounting Losses

RZhD has accumulated 4 trillion rubles ($52 billion) in debt and recorded its first net loss since the pandemic last year.
2 Min read

Russia’s Kamaz Sees Nearly Half of Output Shift to Defense Orders

“Half of current production now goes on ‘black plates’,” one Kamaz dealer said, referring to military registration plates.
2 Min read

Russian Wholesale Gasoline Prices Jump on Refinery Drone Strikes

Wholesale gasoline prices posted their sharpest weekly increase since July 2025.
2 Min read

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.
4 Min read
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