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Articles with tag "business"

Russia Nationalizes Country’s Third-Largest Gold Producer

A representative from the Yuzhuralzoloto Group of Companies said it would decide whether to appeal the court ruling after it was fully released.

Kremlin Has Nationalized $50Bln in Assets Since Ukraine Invasion – Report

The sum is roughly equivalent to the country’s annual budget deficit or one-third of its annual military expenditures.
2 Min read

Russian Labor Ministry Denies Plans to Recruit 1M Indian Workers in 2025

The head of the Ural Chamber of Commerce and Industry had earlier made the claim.
2 Min read

Russian Demand for U.S. Real Estate Surges 78.5%

The increase marks a notable shift both in investment trends and in public attitudes amid rising uncertainty at home.
2 Min read

Private Russian Space Firm Facing Bankruptcy in String of High-Profile Failures

SR Space is the latest in a string of private ventures on the verge of collapse.
2 Min read

New Details Emerge in Bribery Case Against Rusagro Founder

Investigators allege that Moshkovich gave the former Tambov region governor an expensive hunting rifle in 2019 in exchange for patronage.
1 Min read

Russia Scales Back Support for Small Businesses Amid Budget Strains

Russia’s Economic Development Ministry said the SME sector has reached a level of maturity that allows it to function with less state intervention.
3 Min read

Russian Gold Mining Tycoon Barred From Leaving Country Amid Nationalization Efforts

Konstantin Strukov was reportedly preparing to fly to Turkey aboard his private $50 million Bombardier jet when federal aviation authorities halted his...
2 Min read

Russian-Made Jet Prices Soar as Moscow Struggles to Ditch Boeing and Airbus

Domestically produced planes have jumped by 45 to 70% over the past two years, driven by higher production costs and Russia’s ongoing dependence on imported...
2 Min read

Russia Moves to Nationalize Country’s Third-Largest Gold Mining Firm

Prosecutors allege that billionaire Konstantin Strukov used his government position to illegally acquire control of Yuzhuralzoloto.
2 Min read

Russian Companies See Sharp Rise in Wage Arrears

A trade union report estimates the total of arrears to be significantly higher than government estimates, reaching $30 million in the first quarter.
2 Min read

Russia Eyes Industrial Levy to Shield Domestic Producers and Plug Budget Gaps

The proposal comes amid the sharpest contraction in manufacturing activity since 2022, as well as mounting fiscal pressure on the state. 
2 Min read

Russian Manufacturing Activity Sees Sharpest Decline Since Early Months of Ukraine Invasion

Three of the past four months have now been marked by slowed business activity.
3 Min read

Russia’s Top Ferroalloy Producer to Cut Workweek Amid Metallurgy Crisis

The Chelyabinsk Electrometallurgical Plant said it has been forced to launch an “anti-crisis program.”
2 Min read

Leading Russian Coal Producer to Receive State Support Amid Deepening Industry Crisis

Mechel chief executive Oleg Korzhov said the industry is facing “significant difficulties,” and coal producers are bracing for a downturn in sales...
3 Min read

Russian Businesses Take Aim at Employee Bonuses in Cost-Cutting Measure – Izvestia

Almost one-third of Russian workers who previously received bonuses reported either a reduction or total loss of bonuses over the last year.
2 Min read

Defense Drives Russia’s Industrial Growth as Civilian Production Contracts

Analysts warn that Russia’s economy has become disproportionately driven by the military-industrial complex in the fourth year of its invasion of Ukraine...
2 Min read

1 in 3 Russian Businesses Say Conditions Have Worsened in 2025 – Survey

The results mark the highest level of pessimism since Russia’s full-scale invasion of Ukraine in 2022.
2 Min read

Russian Military Electronics Supplier Faces Shutdown Over Underpriced State Contracts

Optron-Stavropol, a supplier of power semiconductors for MiG, Sukhoi and Tupolev aircraft, as well as the next-generation MC-21 airliner, halted operations...
2 Min read
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...
4 Min read
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