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Articles with tag "business"

Leading Russian Drone Manufacturer Faces Financial Turmoil

Kronstadt, a maker of military and civilian drones, has been hit with 40 lawsuits that total $7.8 million over the past three months.

U.S. Oilfield Services Company Weatherford Expands Russia Operations Despite Sanctions – FT

The Financial Times identified roughly 100 job postings by Weatherford in Russia since late February, when new U.S. sanctions came into effect.
2 Min read

Russia’s Harvest for Buckwheat, a Kitchen Staple, Set to Hit 6-Year Low

Meanwhile, per-capita demand for buckwheat reached a historic high this year.
2 Min read

Drone Strikes on Refineries Push Russia’s Gasoline Prices to Record Highs

The surge comes after attacks knocked out operations at three major refineries that account for nearly 30 million tons of annual refining capacity.
2 Min read

Russian Shipping Giant Sovcomflot No Longer Profitable Under New Sanctions

The state-owned firm posted a net loss of $435 million for January-June 2025 compared with a $324 million profit a year earlier.
2 Min read

Sandwich Chain Subway Announces ‘Subjoy’ Name Change After Trademark Loss

The company announced that all of its restaurants would rebrand by the end of 2025.
1 Min read

Firm Linked to Putin Ally Acquired Russia’s Largest Brewer After Carlsberg Exit – FBK

Gennady Timchenko's Ena Invest allegedly acquired Baltika for a fraction of its real value after Carlsberg moved to exit Russia due to the invasion of...
2 Min read

Russia’s State Shipbuilding Giant to Slash 70% of Workforce at Key Far East Shipyard

Tthe Khabarovsk Shipbuilding Plant, one of the largest shipyards in the country’s Far East, has grappled with a lack of production orders.
1 Min read

Internet Blackouts Driving Russians and Businesses Back to Cash, Central Bank Says

The internet shutdowns have spread even to regions far from the Ukrainian border following repeated drone attacks.
2 Min read

Russian Stock Index Surges on News of Upcoming Putin-Trump Meeting

The Moscow Exchange (MOEX) Index jumped more than 5% by midday local time, reaching around 2,905 points — its highest level in two months.
1 Min read

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.
1 Min read

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.
2 Min read

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.
2 Min read

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.
1 Min read

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...
1 Min read
News Analysis

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.
4 Min read

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.
2 Min read

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.
3 Min read

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.
2 Min read

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.
2 Min read
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