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Articles with tag "business"
no prenup
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.
east asia
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
confiscated assets
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
Nebius Group
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
remaining stake
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
cashing out
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
unpromising prospects
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
parallel imports
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
scenes from spief
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
Rospatent Ruling
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 consent
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
Wavering Withdrawal
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
initial closing
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
alcoextremism
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
tmt lecture series
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
business grab
Moscow Seizes Pasta Maker Makfa in Wartime Nationalization Sweep
The company’s lawyer said he “sees grounds” to challenge the verdict with Russia’s Constitutional Court.
2 Min read
'various efforts'
Japan Tobacco Adjusts Supply Chains to Keep Russian Business, CEO Says
Masamichi Terabatake said his company is working carefully to not run afoul of sanctions, but added that “otherwise, it’s business as usual.”
2 Min read
'de-privatization'
The Kremlin’s Creeping Nationalizations Hit Chelyabinsk Businesses
These seized assets are likely destined to be transferred to regime loyalists, analysts agreed.
4 Min read
antipov affair
Russia Seizes Country’s Largest Winemaker Amid Re-Nationalization Wave – RBC
Kuban Vino was reportedly one of four nationalized wine and food companies previously owned by the agricultural holding Ariant.
2 Min read
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