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Business

Sheremetyevo Buys Domodedovo Airport at Auction After Price Cut to $880M – Reports

Domodedovo was nationalized last year after a court determined its two owners were foreign residents who did not have the right to manage the airport.

Russian Business Optimism Plunges Amid Tax Hike and Rising Costs – Survey

Just 4% of Russian companies view the domestic economy positively.
2 Min read

U.S. Carlyle Group Agrees to Buy Most of Lukoil’s Foreign Assets

The assets include shares in oil fields and refineries across the globe, including in Iraq, Azerbaijan, Egypt, the UAE, Nigeria and Mexico.
1 Min read

Russia Delays Launch of Yekaterinburg Microchip Plant to 2027

The Karat factory had previously been scheduled to begin operations by the end of 2026, but construction has still not yet begun.
2 Min read

Russian Banks Shut Branches at Fastest Pace in Years as Services Move Online

The increase in closures reflects banks’ efforts to shift customers to remote services in order to cut costs and improve profitability, the Central Bank...
2 Min read

Finance Ministry Eyes Online Casino Legalization to Boost Revenues – Kommersant

Finance Minister Anton Siluanov reportedly suggested lifting Russia’s ban on online casinos, which have been illegal since 2009, as the government looks...
2 Min read

Russia’s Wage Race Nears End as Growth Slows, Analysts Say

Deteriorating economic conditions were making it impossible to sustain previous rates of wage increases, the deputy head of CMASF said.
2 Min read

EU Gives Final Approval to Russian Gas Ban

Imports of Russian LNG will end by the close of 2026, followed by a ban on pipeline gas starting Sept. 30, 2027.
2 Min read

Russia Halves Civilian Cargo Ship Orders Amid Rising Costs

The State Transport Leasing Company (GTLK) will now deliver 18 vessels between 2023 and 2028, down from an initial order of 34.
1 Min read

Lukoil Seeks Tax Relief as Oil Discounts Deepen – Izvestia

Russian crude is trading at a discount of nearly 50% to global benchmarks.
2 Min read

Number of Newly Registered Companies in Russia Falls to 14-Year Low

The number of legal entities is expected to keep falling in 2026, analysts said.
2 Min read

Germany’s Uniper Seeks $50M From Gazprom in Gas Transit Dispute – Interfax

A Uniper subsidiary filed the lawsuit with the International Chamber of Commerce’s arbitration court in Geneva, Switzerland.
2 Min read

U.S. Jails Dual U.S.-Russian Citizen for Attempted Aircraft Exports to Russia

Prosecutors said Sergei Nechayev attempted to export two vintage Cessna light aircraft with a combined value of about $170,000 to Russia.
2 Min read

Russia Delays Launch of First Batch of Starlink Rival Satellites

The launch of 16 satellites, originally scheduled for late 2025, has been pushed back to 2026.
2 Min read
opinion Tatyana Rybakova

Why Russian Businesses Are Begging for State Intervention

New research shows that Russian entrepreneurs want the same kinds of state controls they once rejected.
5 Min read

Russia Boosts Work Permits for Indian and Bangladeshi Workers in 2025

Russia issued about 240,000 work permits to foreigners in 2025 overall, the highest number since at least 2017.
2 Min read

Russia Set for Sharp Early-Year Budget Deficit Amid Weak Oil Prices

Front-loaded spending is colliding with weak oil prices and falling energy revenues.
3 Min read

Over 600 Chinese Car Dealerships Close in Russia in 2025

Chinese brands’ share of Russia’s dealership network declined to 64% from 67% after 643 showrooms selling Chinese vehicles closed.
2 Min read
Feature

As Visa-Free Chinese Tourism Begins, Russians Reluctantly Welcome the Influx

The return of tourists from China is being welcomed by Russia’s struggling tourism industry even as it revives familiar frictions with locals.
4 Min read
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