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Articles with tag "business"

Court Freezes Shares of Raiffeisen’s Russian Division, Delaying Sale

The court’s injunction is tied to a lawsuit by Russian investment holding company Rasperia against Austrian construction firm Strabag.

Russian-Chinese Coal Project Hits Financing Hurdle Due to Secondary Sanctions

“Our Chinese colleagues are concerned that the process isn’t so quick and easy,” the CEO of Russia's En+ said.
2 Min read

Kremlin Approves Sale of Unilever’s Russian Subsidiary – RBC

Unilever, the maker of Dove soap and Magnum ice cream, halted imports, exports and advertising in Russia following the invasion of Ukraine.
1 Min read

Mysterious Company Disappears After Posting Russia’s Third-Highest Profit – RTVI

Banknota LLC’s profit margins were surpassed only by the state energy giants Rosneft and Gazprom far exceeded those of Lukoil, Sberbank and Wildberries...
2 Min read

Wildberries Founder Announces Divorce as Husband Enlists Kadyrov to Fight ‘Hostile Takeover’

Tatiana Bakalchuk, Russia's richest woman, revealed her divorce after her husband and business partner asked the Chechen strongman for help.
2 Min read

Russia Bans Entry of Top Japanese Business Execs

The ban list includes Toyota chairman Akio Toyoda and Rakuten chief Hiroshi Mikitani, among others.
1 Min read

Putin Transfers Seized TGK-2 Utility to Gazprom

Gazprom subsidiaries now control almost 100 billion rubles ($1.1 billion) of confiscated assets.
1 Min read

Rebranded Yandex Launches AI Venture in Europe After Russia Exit

Yandex co-founder Arkady Volozh said he hopes Nebius “will become one of the largest AI infrastructure companies in the world, certainly in Europe.”...
2 Min read

Yandex Parent Company Fully Divests from Russia

The $2.8 billion sale of a 28% stake completes the Amsterdam-based Yandex NV’s exit from Russia.
2 Min read

Russian Tycoons Earn $11.3Bln in Dividends Amid Wartime Economic Boom – Bloomberg

The earnings underscore how the Russian economy has adapted to the punishing Western sanctions imposed in response to the 2022 invasion of Ukraine.
1 Min read

As Power of Siberia 2 Pipeline Stagnates, So Do Russia's Hopes for Pivoting Gas Exports Eastward

Are there any other options left for Gazprom to boost its foreign sales after its main export direction — to Europe — has nearly been severed?
5 Min read

Dutch Businessman Helps Russia Import Western Brands Like Nike, Lego – Reuters

Wijnand Herinckx is making millions by acting as an intermediary between Western brands and Russia.
2 Min read

In Photos: Russia Shows Off Domestic Tech and Cars at Diminished Economic Forum

This year's St. Petersburg International Economic Forum, while themed around a "multipolar" world, saw Russia seek to show its technological and economic...
1 Min read
News Analysis

Taliban, BRICS and Family Values: Russia’s Isolation on Show at Economic Forum

Despite SPIEF’s diminished global status, it remains an important platform for business today — just mainly at the domestic level, experts say.
4 Min read

Starbucks Applies for Russian Patents After Leaving Country

Experts speculate it could signal either Starbucks’ potential return to the Russian market or an effort to extend patent protections before they expire...
1 Min read

Kremlin Approves Russian Telecom Operator's Buyout of Nokia

Rostelekom will buy out the Finnish mobile operator's 49% stake in a joint venture called "RTC — Network Technologies."
1 Min read

Western Companies U-Turn on Russia Exit Plans – FT

As of last month, 2,175 foreign companies remain, compared with 1,610 that left or scaled back operations, according to the Kyiv School of Economics.
2 Min read

Yandex NV Says Completed First Phase of Russian Divestment

The Netherlands-based parent company of the Yandex Group said it sold about 68% of its Russian assets in the initial transaction closing.
2 Min read

Russia Moves to Nationalize Major Vodka Distiller Over ‘Extremist’ Activities

Global Spirits Holding's Ukrainian founder was previously accused of funding Kyiv's armed forces.
2 Min read

Global Sanctions and Russia: Lessons for International Business

Nabi Abdullaev, a partner for Russia & Former Soviet Union at Control Risks, looks at the impact of Western sanctions on businesses.
1 Min read
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