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Small Business Closures Rise Across Russia

Some 209,000 SMBs were liquidated in the first quarter, up 9% from the same period a year earlier.

Putin Hails ‘Positive’ Economic Growth in March Despite Sharp Downgrade in Annual Forecast

The president’s remarks come just days after the government released a significant downward revision to its 2026 economic outlook.

Has the Iran War Sealed the Fate of Power of Siberia 2?

The pipeline remains stalled months after Gazprom signed a “legally binding” memorandum with China, even despite the global energy crisis.

EU Imports of Russian LNG Surge to Highest Level Since Ukraine Invasion

Several EU countries, including Belgium, France and Spain, have continued to purchase Russian LNG transported by sea tankers since 2022.

Russia’s Largest Chip Maker Posts 98% Profit Collapse

Angstrem remains a key supplier of microelectronics for the Defense Ministry, state corporations and defense-sector manufacturers.

Russia’s Oil Export Revenue Saw Continued Growth in April, IEA Says

Revenue from crude and petroleum shipments rose to $19.18 billion, a modest increase of $180 million from the $19 billion recorded in March.

Finland to Tighten Curbs on Medical Equipment Exports to Russia

“We have now become aware that medical and pharmaceutical products may end up being used in Russia for military purposes,” the head of sanctions at...

India, Russia Near Critical Minerals Pact as New Delhi Seeks to Cut China Dependence – Reuters

One of the sources said India could also revisit a lithium exploration project in Mali operated by Rosatom if the political and security situation there...

Russia Cuts 2026 Growth Forecast as Oil Revenues and Wartime Pressures Weigh on Economy

Deputy Prime Minister Alexander Novak said the government now expects gross domestic product to grow by just 0.4% next year, down from a previous forecast...

Russian Economy Shrinks in the First Quarter

The 0.5% contraction in GDP significantly missed the Central Bank’s earlier projection of 1.6% annualized growth for the period.

Kremlin Offers Thoughts and Prayers to Businesses Hurting From Constant Internet Outages

Top spokesman Dmitry Peskov said the government has no plans to provide financial support to businesses that have seen their bottom lines negatively impacted...

UniCredit to Sell Part of Russian Subsidiary to UAE Investor

UniCredit said the deal is expected to close in the first half of 2027 and will result in a hit to profits of around $3.5 billion.

Russia’s Oil and Gas Revenues Miss Expectations Despite Higher Crude Prices

Oil and gas revenues reached 2.3 trillion rubles ($30.82 billion) over the first four months of the year, down 38.3% year-on-year.

Moscow Court Orders Seizure of Stake in Farming Giant Rusagro

Vadim Moshkovich, Russia’s 51st-wealthiest person according to Forbes, was arrested in March 2025 and faces fraud and bribery charges.

KamAZ Says It Survived Sanctions Shock as Sales Slump Deepens

CEO Sergei Kogogin's statement to President Vladimir Putin comes amid a sharp deterioration in the company’s financial performance.

Kazakhstan Says It Will End Russian Electricity Imports by 2027

Russia’s electricity exports have already been hit by the loss of the Chinese market amid power shortages in Russia’s Far East and growing competition...

Russian Minister Says Building Airliner From Scratch Could Take Over 20 Years

Russia’s flagship aircraft programs have been plagued by persistent delays as the country seeks to replace foreign-made planes and components cut off...

OPEC+ Hikes Oil Production Quotas Without Mentioning UAE Exit

Analysts had expected the increase of 188,000 barrels, similar to the 206,000-barrel daily increases OPEC+ in March and April.

Russian Growth Outlook Darkens as Ukraine Hits Oil Infrastructure

CMAKP said hopes that surging global oil prices would give Russia’s economy a meaningful boost were unlikely to materialize because repeated attacks...

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