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Articles with tag "business"

Russian Authorities Review Foreign Company Exit Deals – Kommersant

Prosecutors have demanded 414.53 million rubles ($4.9 million) from GS Investments, a company linked to the family of businessman Andrei Komarov.

Ukrainian Strikes Halt Most Russian Grain Exports in the Black Sea

Experts cautioned that the disruption would not necessarily be permanent and some terminals were likely to resume operations.
3 Min read
opinion Nick Trickett

How Russia’s Obsession With Economic Stability Made It Weaker

For decades, Western observers thought Russia's economy was going from strength to strength. But it was creating its own weaknesses.
12 Min read

Armenian Banks Tighten Checks on Transactions Linked to Russia Sanctions

The measures could further restrict Russians’ access to Armenia’s banking system and disrupt payment routes used to transfer money from Russia to other...
3 Min read

Wildberries Sellers Report Payment Delays After Ukrainian Strikes Hit Warehouses – Vyorstka

Some sellers said the delays had left them without money to cover living expenses or invest in their businesses.
2 Min read

Russian Businesses Turn to Chinese AI Models as Demand Surges

The trend exposes the difficulties facing Moscow’s effort to build competitive AI systems of its own.
3 Min read

Russian Economy Returns to Growth, but Economists Warn Rebound May Be Short-Lived

Gross domestic product grew 1.3% in April-June despite Ukrainian strikes on oil refineries that pushed refining volumes to their lowest level in two decades...
3 Min read

Russia’s Bashkortostan to Sell Remaining Bashneft Stake to Rosneft

“We have a hole in the budget,” regional head Radiy Khabirov told reporters.
2 Min read

Russian Chip Importer CEO Jailed in $1.8M Tax Evasion Case

The arrest follows a series of investigations involving Russian companies and officials connected to military procurement.
2 Min read

Russian Combat Drone Forum Postponed Over Fears of Ukrainian Attack

Organizers said the Dronnitsa event would require diverting air defenses and security personnel from other locations.
2 Min read

Russia Transfers Nationalized Port Fuel Supplier to Rotenberg-Led Holding

The deal adds Transbunker to a growing portfolio of industrial companies transferred to Roskhim after being seized by Russian courts.
2 Min read

Russian Companies Boost Anti-Drone Spending as Ukrainian Strikes Expand

Businesses spent 441.3 million rubles ($5.34 million) on anti-drone equipment from January through June, 6.6 times more than a year earlier.
2 Min read

Putin Urges Businesses to Back Russian Innovation as State Funding Shrinks

Declining state funding and falling patent applications are hampering the Kremlin’s push for technological self-sufficiency.
3 Min read

Russia’s Rosspirtprom Buys Seized Distillery at Half Original Asking Price

The acquisition further consolidates Russia’s ethanol industry under a company that has been linked to billionaire Arkady Rotenberg.
2 Min read

Russian Central Bank Urges Lenders to Support Businesses Impacted by Wildberries Warehouse Attacks

A senior executive at Sberbank said the state-backed lender has already received around 2,000 applications for loan restructuring from business owners...
1 Min read

Russian Household Incomes Stall as Wartime Economy Loses Momentum

The reversal comes as Russia’s broader economy grinds to a near standstill, civilian industries remain mired in recession and businesses face falling...
3 Min read

Can ‘Russia’s Amazon’ Survive Ukraine’s Drone Campaign?

Russia’s online retail sector has thrived since the invasion of Ukraine. The attacks on Wildberries now threaten to disrupt that growth. 
4 Min read

Putin Signs Law Targeting Exiled Russians Convicted in Absentia

The law imposes sweeping restrictions on Russians who have been convicted in absentia, including under legislation used to prosecute Kremlin critics.
3 Min read

Russia’s Only Domestic TV Maker Declared Bankrupt

Consumer electronics retailer DNS filed a bankruptcy petition against the manufacturer, Kvant, last June over an unpaid debt of more than $8 million.
1 Min read

Russia Opens Antitrust Case Against Apple Over App Preinstallation Rules

Apple could face a fine of up to 4 billion rubles ($49.6 million) if found to have violated Russian competition law.
2 Min read
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