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Russia's Sberbank Warns of Rising Corporate Credit Risks as Bad Loans Increase

Meanwhile, Sberbank cut its 2026 GDP growth forecast to 0%-0.5% from a previous estimate of 0.5%-1%.

Wildberries Eyes State Support, Seeks Warehouses in Kazakhstan Amid Ukrainian Drone Strikes

The Russian government is exploring ways to support Wildberries and businesses that sell on its platform following the attacks, Reuters reported.
3 Min read

Over 4 Years Into the Ukraine War, Russian Metals and Energy Keep Flowing to Europe

Russia supplies Europe with energy, metals and other industrial goods through exemptions and sectors that have so far avoided tough restrictions.
4 Min read

Russian Firm Wins $194M Lawsuit Against Euroclear in Moscow

The Moscow Arbitration Court’s ruling in favor of the specialized finance company, Silicium-2, marks the latest verdict targeting Euroclear over assets...
2 Min read

Armenia's Pashinyan Asks Putin to Help Resolve Russian Restrictions on Armenian Exports

Pashinyan, who has steered Armenia in a more pro-Western direction, told Putin that the trade restrictions violated agreements between the two countries...
1 Min read

Dubai Oil Trader Seeks to Become Top Creditor in Bankruptcy of Former Russian Refinery Owner – Kommersant

The move could place a little-known Dubai commodities trader at the center of the bankruptcy of one of Russia's strategically important oil refineries...
2 Min read

Russia Brings Forward Rail Tariff Hike to Support Debt-Laden RZhD

Instead of raising tariffs in 2027 as previously planned, the government will increase freight rail tariffs by 8.5% and long-distance passenger fares by...
2 Min read

Major Russian Black Sea Oil Terminal Halts Operations Amid Ukrainian Drone Threat

The Sheskharis terminal in the Black Sea port of Novorossiysk has not loaded any tankers since Tuesday morning, Bloomberg reported.
2 Min read

Russia Turns to State Banks to Help Finance Mounting Wartime Budget Deficit

Russia's budget deficit reached nearly 6 trillion rubles ($77.40 billion) in the first half of the year, driven by record military spending.
3 Min read

Russia Slashes Funding for Putin's Technology Projects as Budget Strains Mount

Mounting budget pressures and record military spending are forcing the government to redirect resources away from civilian priorities.
3 Min read

Wildberries Freezes Loan Repayments for Merchants After Drone Strikes

The three-month payment pause will apply automatically through the company’s in-house financial services through the end of October.
2 Min read

Russia's Arnest Agrees to Buy Reckitt's Local Business, Extending Foreign Asset Buying Spree – FT

Alexei Sagal's Arnest has completed a series of high-profile acquisitions of assets previously owned by foreign companies.
2 Min read

Russia Bans Armenian Dairy Imports Over Alleged Health Violations

The ban follows a raft of Russian restrictions on the import and transit of Armenian food products this summer.
1 Min read

Russian Central Bank Warns of Higher Inflation as It Lowers Key Rate to 14%

The modest decrease comes despite concerns that Ukrainian attacks on oil refineries and commercial sites will fuel a renewed inflation surge.
2 Min read

German Nuclear Fuel Plant Cleared to Work With Russia's Rosatom

There is so far no EU agreement on an extension of sanctions on Russia to the nuclear power sector.
2 Min read

Yandex Market Limits Liability for Drone Attacks After Wildberries Strikes

The changes make Yandex Market the latest major Russian marketplace to shift more of the financial risk from wartime disruptions onto merchants.
2 Min read

Richest United Russia Candidates Report More Than $103M in Combined Income

The combined income of the seven richest United Russia candidates exceeded the annual budgets of several regional capitals.
3 Min read

Russia Passes Crypto Law to Legalize Trading Under Tight Central Bank Oversight

The legislation, adopted after years of debate, is part of the Kremlin's broader effort to formalize the cryptocurrency market while preserving tight state...
3 Min read

Nvidia Reveals 9.3% Stake in AI Cloud Firm Nebius, Sending Shares Higher

The disclosure highlights Nvidia's deepening commitment to Nebius, the former parent company of Russia's Yandex, as the AI infrastructure provider expands...
2 Min read
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