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Articles with tag "business"

AvtoVAZ to Cut Output Plans as Export Demand Weakens

AvtoVAZ President Maxim Sokolov said the ruble's strength was hurting exports by making Russian-made vehicles less competitive abroad.

Russian IT Executive's Bankruptcy Raises Pressure on Debt-Laden Fplus Group

Fplus is one of Russia's largest technology groups, spanning electronics distribution, hardware manufacturing and retail.
2 Min read

Putin Allows France’s TotalEnergies to Sell Stake in Arctic LNG 2

The buyer, NordLine, is a recently established subsidiary of Russia’s second-largest natural gas producer, Novatek, Kommersant reported.
1 Min read

Russia Says Gold Production Nears 500 Tons, Stunning Industry Analysts

No major new mines have entered production in recent years that would explain such a rapid increase in output.
3 Min read

From Cognac to Apricots: These Armenian Products Are Now Off-Limits in Russia

The restrictions come as Yerevan pursues closer European ties — and ahead of parliamentary elections in the South Caucasus country.
2 Min read

Russia's Big Tech Firms Ramp Up Borrowing as Debt Surges to $27Bln

The Central Bank has called for closer monitoring of the sector's financial health as combined assets increase at a slower pace than debt growth.
2 Min read

St. Petersburg Economic Forum Opens Under Shadow of Ukrainian Drone Strikes

Some 20,000 guests from 130 countries are expected to attend SPIEF, a flagship business and investment event known as the “Russian Davos.”
3 Min read

Supermarket Chain Lenta Acquires Rival O’Key

Industry analysts expect the acquisition to consolidate Lenta’s dominance over the large-format grocery sector, placing 39% of Russia’s entire hypermarket...
1 Min read

Russian Billionaires Donate $3Bln to State Treasury as Deficit Widens – Expert

Analysts said that while the money represents a fraction of total government spending, it can plug up to 15% of the country’s soaring budget shortfall...
2 Min read

Russian Businesses Enter 'Era of Survival' as Pay Increases Stall, Experts Say

Russia's rapid wartime wage growth may be losing momentum as companies grapple with declining profits, sanctions and slowing economic activity.
3 Min read

Regions Calling: Inside Errol Musk’s Regional Ambitions

The father of the world’s richest man hopes to open a Musk Institute and Tesla factory — and resettle Afrikaner “refugees” — in the regions.
7 Min read

Russia Lets Private Firms Buy Heavy Weapons to Defend Sites From Drone Attacks – RBC

The new system will allow companies to procure anti-aircraft artillery systems, turrets, radar equipment, specialized vehicles and electronic warfare systems...
2 Min read

Russian Wage Arrears Nearly Double as Regional Budgets and Businesses Come Under Strain

While the overall level of wage arrears remains modest compared with previous economic crises, economists said the rapid pace of growth was a worrying...
3 Min read

Russia Weighs Budget Cuts Outside Defense as Fiscal Pressures Mount

Finance Minister Anton Siluanov said defense and social obligations remained untouchable priorities despite the fiscal strain.
3 Min read

Moscow Court Upholds ‘Extremist’ Label for Galitsky’s Venture Capital Fund

Almaz Capital was alleged to have sent $50 million to Ukrainian companies that produce weapons, ammunition and drones.
2 Min read

Russian Government Again Fails to Sell Stake in Gold Miner

The only would-be bidder in the second auction attempt, the Moscow-based company Russkiye Ugli, was disqualified from the bidding process, Russian business...
2 Min read

President of Russia’s Biggest Lobby Group Tapped as Putin’s Next ‘Business Tsar’

Alexander Shokhin will oversee a revamped version of the country’s business ombudsman office, the Kremlin said.
2 Min read

Russia’s Housing Developers Brace for Prolonged Slump After Mortgage Rule Changes

Nearly three-quarters of residential developers (73%) failed to meet sales targets in the first quarter, the weakest performance in two years.
3 Min read

Russia Plans NMTP Stake Sale to Help Plug Budget Gap

NMTP controls several strategically important assets, including the Novorossiysk oil terminal on the Black Sea and the Primorsk terminal on the Baltic...
2 Min read
News Analysis

Russia and China’s ‘No-Limits’ Trade Partnership Is Losing Steam

Analysts say the two countries may be approaching the limits of what their partnership can deliver economically.
4 Min read
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