Alexander Panin

Business 2 years ago

Russia Cuts Price of Vodka Amid Double-Digit Inflation

Russia Cuts Price of Vodka Amid Double-Digit Inflation

Business 2 years ago

Russia has dropped the minimum price of vodka by 16 percent in an attempt to ward off a rise in moonshine consumption, spurred on by the falling ruble and contracting economy.

Business 2 years ago

Will Russia's Economic Crisis Help It Defeat Corruption?

Will Russia's Economic Crisis Help It Defeat Corruption?

Business 2 years ago

Recent official statements suggest that Russia is launching a real war on corruption, a systematic illness that has long eaten at the stable economic growth.

Business 2 years ago

Russian Prosecutors Crack Down on Retailers as Food Prices Soar

Russian Prosecutors Crack Down on Retailers as Food Prices Soar

Business 2 years ago

As the ruble's fall drives up the price of even the most basic necessities, the Russian government is cracking down on retailers in an effort to curb soaring food prices.

Business 2 years ago

As Fuel Prices Rise, Russia Eyes Specter of 2008 Gasoline Crisis

As Fuel Prices Rise, Russia Eyes Specter of 2008 Gasoline Crisis

Business 2 years ago

Despite a recent dip, gasoline prices in Russia are expected to surge this spring on the back of growing demand, prompting fuel shortages and queues at gas stations, analysts said Tuesday.

Business 2 years ago

Moscow's New Offensive Against Street Kiosks to Strike Small Business

Moscow's New Offensive Against Street Kiosks to Strike Small Business

Business 2 years ago

City Hall's new offensive against street kiosks this year will refresh Moscow's image, but strain the city's budget and push the last remaining small-time retail entrepreneurs out of business, kiosk owners said ...

Business 2 years ago

Russian Airlines Brace for Tough Year as Ruble Falls

Russian Airlines Brace for Tough Year as Ruble Falls

Business 2 years ago

Russia's top airlines are eyeing the specter of bankruptcy in 2015 following last year's ruble meltdown, which decimated travel spending and drastically upped the costs of maintaining carriers' fleets.

Business 2 years ago

Russia's New Turkish Stream Gas Strategy More Bark Than Bite

Russia's New Turkish Stream Gas Strategy More Bark Than Bite

Business 2 years ago

Although officials in Moscow have trumpeted the cancellation of the South Stream natural gas pipeline as a major blow to Europe, energy analysts say that Russia's alternatives are tenuous at best.

Business 2 years ago

Russia To Face Same Old Questions at Davos In Chillier Atmosphere

Russia To Face Same Old Questions at Davos In Chillier Atmosphere

Business 2 years ago

As the World Economic Forum kicks off in the Swiss alpine town of Davos on Wednesday, Moscow's delegates will be working hard to convince participants that Russia is still a sound investment.

Business 2 years ago

Russian Retailers Brace for Tough Year After December Panic Buying

Russian Retailers Brace for Tough Year After December Panic Buying

Business 2 years ago

With December's massive consumer spending spree giving way to cautious saving as ruble devaluation eats away at Russians' salaries, analysts are pessimistic on the short- to medium-term perspectives of the country's retailers.

Business 2 years ago

Russian Oil Firms Can Weather $50 Oil

Russian Oil Firms Can Weather $50 Oil

Business 2 years ago

If oil stays at its current price through this year, Russia's gross domestic product will likely shrink more than 6.5 percent, but Russian oil companies will continue to make a profit at ...