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Mass Outage Hits Sberbank and Other Major Russian Lenders

Sberbank customers began reporting issues with making payments and transferring money around 10 a.m. Moscow time.

Russia Bans Producers From Exporting Gasoline Until July 31

Officials said the move was aimed at stabilizing domestic fuel supplies amid rising global oil prices and ahead of the spring planting season.
2 Min read

Russia's Manufacturing PMI Falls in March as Confidence Hits Lowest Since 2022

Companies continued to report subdued demand, forcing them to cut production and reduce their workforces, S&P Global said. 
3 Min read

Grocery Giant Magnit Swings to First Net Loss in Over 20 Years

Higher borrowing costs and weakening consumer demand have continued to squeeze profitability.
2 Min read

Wildberries & Russ Buys 3 Ride-Hailing and Delivery Companies in Direct Challenge to Yandex

The online retailer acquired Citymobil, Taksovichkof and Gruzovichkof at a total estimated cost of $37-100 million.
1 Min read

VkusVill Closed Hundreds of Stores in 2025

A company spokesperson said the closures were part of an optimization strategy as VkusVill shifts its focus toward online delivery.
1 Min read

U.S. Lifts Sanctions on 3 Russian Cargo Vessels Linked to Exports From Occupied Ukraine

The vessels are reported to have ties to Russian war finance, government insiders and the export of resources extracted from occupied Ukraine.
2 Min read

Russian Oil Exports Fall by 1.75M Bpd as Drones Assaults Baltic Ports

Weekly crude flows fell to 2.32 million bpd in the week to March 29, down from 4.07 million bpd the previous week.
1 Min read

Russia Warns Rusal Over High Domestic Aluminum Prices, Threatens Antitrust Case

The move raises pressure on one of the country’s key metals producers as authorities seek to shield local industry from rising costs.
2 Min read

Russia’s Civilian Industry Downturn Accelerated in Early 2026, Think Tank Says

The data underscore widening gaps between defense-driven growth and the broader economy as state spending on the military masks weakness in civilian industries...
2 Min read

Russia Faces Fuel Production Crunch After Ukraine Hits Baltic Export Hubs – Reuters

The disruption has hit Ust-Luga comes as refiners face mounting difficulties shipping fuel oil, a product with little domestic demand that must be exported...
2 Min read

Georgia’s Only Refinery to Replace Russian Crude With Turkmen, Kazakh Oil

The strategic shift comes nearly a month after the Kulevi oil terminal on the Black Sea coast narrowly avoided being added to an EU list of sanctions...
1 Min read

South Korea Revives Naphtha Imports From Russia Amid Looming Shortage

LG Chem bought 27,000 metric tons of naphtha, South Korean media reported, with shipments expected to arrive on Monday.
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Russia Drops Budget Cut Plans as Oil Price Surge Boosts Revenues – Bloomberg

Authorities could channel the windfall oil revenues into spending on the war in Ukraine, Bloomberg’s sources said.
2 Min read

Kremlin Denies Putin Solicited War Contributions From Russian Billionaires

An unidentified businessman was said to have proposed the idea during a private meeting, but the Russian president himself did not request that donations...
2 Min read
News Analysis

Russia Eyes New Windfall as Iran War Chokes Fertilizer Supplies

As the world’s second-largest fertilizer producer, Russia is well positioned to capitalize on the disruption.
3 Min read

Russia’s Coal Sector Losses Set to Deepen as Government Winds Down Tax Relief

The number of loss-making coal companies is “rapidly increasing,” with 62 enterprises now in the red, Deputy Energy Minister Dmitry Islamov said.
2 Min read

Russia's Restaurant Traffic, Revenue Hit 25-Year Lows – Industry Group

Consumers are pulling back on dining out despite official data showing rising incomes.
2 Min read

Forget Discounts – Russian Oil Is Now Selling at a Premium, Deputy PM Novak Says

“We’ve moved from a discount to either no discount or, in some cases, even a partial premium,” Deputy Prime Minister Alexander Novak told reporters...
2 Min read
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