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Russia’s Economy in 2026: More War, Slower Growth and Higher Taxes

The economy is likely to slide from a phase of “managed cooling” into outright stagnation this year, with recovery unlikely before 2027.

Moscow’s Domodedovo Airport to Go Up for Auction After State Seizure

In June, a court ruled to transfer ownership of Domodedovo to the state after determining its two owners were foreign residents who had no right to manage...

Russian Manufacturing Activity Falls for Seventh Straight Month as 2025 Ends

The S&P Global Purchasing Managers’ Index (PMI) fell to 48.1 in December, below the 50-point threshold that separates growth from contraction.

Russian Business Leaders Ask Putin to Ease Wave of Nationalizations – Kommersant

Wartime state asset seizures have affected factories, ports and major corporations worth more than 4 trillion rubles ($43 billion).

Russia’s Restaurant Sector Shrinks for First Time Since 2022 as Costs Rise and Demand Slows

Rising labor costs, higher rents and more expensive ingredients are weighing on the sector while consumers are becoming more cautious.

Russian Oil Producers Feel Increasing Strain as U.S. Sanctions Push Prices to Pandemic Lows

Producers are struggling to cover capital expenditures at several fields at current Urals crude prices, sources at Russian oil companies told Reuters.

Sheremetyevo Airport to Raise Airline Service Fees in 2026

Russian carriers will face a 10% increase in fees, while foreign airlines will see their service fees increase by 3%.

Russian State Companies’ Payment Arrears to Businesses Surge in 2025

The news comes as several major state-controlled companies have reported deteriorating financial results.

Russia’s War Losses Fuel Surge in Funeral Industry Revenue

The surge in funeral revenue comes amid rising demand and record inflation in funeral services.

AvtoVAZ Recalls Over 33K Lada Grantas Due to Driveshaft Defect

The recall applies to Lada Grantas sold between June 6 and Dec. 12, 2025, Russia’s standards watchdog Rosstandart said.

Russia’s Shift Workers Face Mounting Wage Payment Delays

In Nizhny Tagil, some 200 workers at a copper mine were effectively left stranded at the work site after going two months without pay.

Russia’s Rostselmash Warns of Reduced Working Hours in 2026 as Demand Slumps

Rostselmash plans to cut output by 30% in 2025 to 2,700 combine harvesters and 800 tractors.

Arkady Volozh’s Second Act

The former head of Yandex has made a remarkable business pivot. How did he pull it off?

Sberbank Files to Bankrupt Major Russian Electronics Distributor TFN

TFN is the second major Russian smartphone distributor to face creditor action this year.

Russian State Property Chief Steers Assets to Putin Allies – The Insider

Vadim Yakovenko has amassed millions of dollars' worth of real estate and flies on private jets, The Insider reported.

opinion Charles Hecker

Global Business Didn't Save Russia in the 1990s. It Won't Today, Either.

Washington is not only seeking to extract maximum profit from ending the war, but engaging in magical thinking imagining it will create peace.

Dutch Court Freezes Assets of TurkStream Operator Over Crimean Seizures – Vedomosti

DTEK Krymenergo, an energy company owned by Ukrainian billionaire Rinat Akhmetov, has sought compensation in several international courts after Russian...

How Customer Discounts Ignited a Battle Between Russia’s Banks and E-Commerce Giants

Russia’s top e-commerce platforms offer discounts to customers who use the platforms’ in-house banks. Traditional lenders are now crying foul.

Russians Pour Record Funds Into Domestic Securities as Rates Fall

Net contributions to brokerage accounts reached 872 billion rubles between July and September, up 83% from a year earlier.

VTB Plans Small-Scale Staff Cuts to Improve Efficiency

“This is about optimization aimed at increasing efficiency, primarily in these areas,” first deputy CEO and CFO Dmitry Pyanov said.

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