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Fourth Russian Automaker Cuts Workweek Amid Deepening Industry Slump

"This is a necessary measure caused by a 60% decline in the bus market as a result of reduced purchases of new vehicles," the company said.

Russia's Largest Automaker to Slash Wages After Shift to 4-Day Workweek – Reports

Workers will also reportedly lose access to overtime pay, a move that has prompted some employees to consider resigning.

Cyberattacks Force Major Russian Pharmacy Chains to Shut Down

The closures at Neopharm and Stolichki have impacted over 1,100 pharmacy locations in more than 80 cities across central Russia.

Russia Nationalizes Major Canned Food Producer Glavproduct

Glavproduct, known for producing canned meat, fish, vegetables and condensed milk, had been owned by U.S.-Russian businessman Leonid Smirnov.

Yandex Posts Q2 Profit of $368M, Reversing Earlier Losses

The company also said adjusted earnings before interest, tax, depreciation and amortization rose 39% year-on-year to $800 million in the second quarter...

Russia’s Coal Industry Is Collapsing. Will it Drag the Economy Down With It?

Russia is stepping in to save the coal industry with money from the federal budget at a time when public finances are already under strain.

Russian Small Businesses Struggle With Worst Payment Delays Since Pandemic, Survey Finds

One in four companies said they had encountered cases of non-payment or unethical behavior by business partners over the past six months.

Russian Steelmakers Report Sharp Decline in Profits

In recent financial disclosures, two of the country’s largest steel producers posted sharp declines in earnings for the first half of 2025.

Anti-Alcohol Drug Sales on the Rise in Russia

The rise in anti-alcohol drug sales comes amid fresh signs that alcohol consumption in Russia is increasing after several years of decline.

Russian Automakers Shift to 4-Day Workweeks Amid Market Slump

High interest, falling sales and increased competition from imports are putting increasing strain on Russia's automaking industry.

Largest Mall in Moscow Listed for Sale

Aviapark, which covers about 400,000 square meters, is the largest mall in Europe.

Ruble Falls After Latest Russia-Ukraine Talks Make Little Progress

“The market was disappointed by the largely symbolic nature of Wednesday’s round of Russian-Ukrainian negotiations in Istanbul,” one analyst said...

Head of Crimea’s Largest Gas Station Chain Detained on Fraud Charges

Sergei Beym previously headed the Ukrainian state oil and gas company Chernomorneftegaz and served as a deputy in the Crimean Supreme Council.

Moscow's Domodedovo Airport in Debt Crisis Following Nationalization, New Head Says

Andrei Ivanov, recently appointed to lead the airport’s management team, said Domodedovo’s total debt has reached roughly $880 million.

Fund Linked to Putin’s Daughter Invests in Tech Firm as Kremlin Targets Foreign Platforms

Katerina Tikhonova's fund invested in a company whose communications software is touted as a Russian substitute for Microsoft Teams and Zoom.

'Harmful by Nature': Bashkortostan's Controversial New Mining Project Could Have Global Impacts

Activists warn the planned mine at Kyrktytau could harm ecosystems as far away as Kazakhstan — and its copper could be shipped as far as the EU.

Dutch Court Lifts Freeze on Gazprom’s North Sea Assets

Dutch authorities had frozen the assets as part of legal proceedings initiated by two Ukrainian asset management firms over the invasion of Ukraine.

Luxury Car Sales Surge in Russia Despite Broader Market Slump

Luxury vehicle sales in Russia rose 19% from January through June year-on-year.

Russian Steel Giant Reports Sharp Output Decline

Russia’s total steel production fell 8.6% in 2024 and another 7.2% in early 2025, the steepest drop among major producing countries.

Draft Law Would Grant Putin New Powers to Block Departed Foreign Companies From Returning

The updated draft law allows Putin to establish the conditions under which foreign firms can be barred from repurchasing their former businesses.

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