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Business

Russian Banks Report Deposit Outflows Amid Falling Rates and Freeze Fears

Eight of the country’s 20 largest credit institutions experienced deposit outflows in June.

Russia Weighs Food Price Controls Amid Rising Inflation – Kommersant

The Agriculture Ministry has proposed amendments that would restrict how prices are set for widely consumed staples such as milk, eggs, potatoes and sugar...
2 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

Russia Bans Imports of Chinese Trucks Over Alleged Safety Violations

The move comes as Russia’s auto industry faces a deepening crisis, with major domestic producers shifting to a four-day workweek amid falling demand...
1 Min read

IMF Slashes Russia’s Economic Forecast as Wartime Growth Slows

The IMF projects Russia’s GDP will grow just 0.9% in 2025, a steep drop from last year’s 4.1% expansion.
2 Min read

U.K. High Court Rejects Russian Billionaire’s Bid to Lift Sanctions

The ruling deals a blow to legal challenges against London’s post-invasion Russia sanctions regime.
1 Min read

Voronezh Declares Emergency in Key Farming Districts After Storms Devastate Crops

Voronezh ranks among the country’s top five grain producers and is a major supplier of sugar beets.
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

Oil Spill Cripples Tourism in Russia’s Black Sea Resort of Anapa

According to regional officials, only 24,000 tourists visited Anapa in July compared to 100,000 during the same period last year.
2 Min read

EU Grants Kazakhstan Sanctions Waiver to Export Coal via Russian Ports

The European Commission had already indicated in March that Kazakhstan, the EU's fifth-largest coal supplier, could qualify for such an exemption.
1 Min read
Feature

Billions Spent, Nothing Built: The Deepwater Port in Sakhalin With Links to Russia's Elite

Four years after the government and Gazprombank pledged billions to build a strategic deepwater port on Sakhalin Island, there is not even a construction...
5 Min read

Russia Expands Nuclear Ambitions in Africa With Niger Power Plant Deal

The agreement signals another milestone in Moscow’s growing influence across the Sahel, where Western partnerships have frayed in recent years.
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

Russian Coal Exports to China Down 25% in First Half of 2025

The crisis is now threatening the survival of dozens of Russian coal producers.
2 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 Markets Tumble $1.4Bln After Trump Moves Up Ukraine Peace Deal Deadline

The Moscow Exchange (MOEX) Index dropped 1.8% in just over an hour.
1 Min read

Vologda Region Bans Alcohol Sales at Dozens of Liquor Stores

Vologda region Governor Georgy Filimonov said the ban applies to 58 Krasnoe & Beloe stores across the region.
1 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
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