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Russia’s Central Bank Cuts Key Rate to 14.5%

It marks the eighth consecutive cut since borrowing costs were hiked to a two-decade high in 2024 to curb surging inflation.

Russia to Resume FX Operations Under Fiscal Rule as Oil Prices Surge

The move marks a return to a key policy tool that had been suspended earlier this year after a sharp drop in oil and gas revenues.
3 Min read

Russian Billionaire Abramovich Takes Britain to ECHR Over Jersey Probe

Abramovich's representatives say the investigation is holding up the release of funds from the 2.5-billion-pound ($3.37 billion) sale of Chelsea FC.
2 Min read

AvtoVAZ Launches Lada Subscription Service as Sales Slump

The 12-month subscription costs around a third of the Lada Vesta’s full retail price.
1 Min read

More Than Half of Russians Put Off Home Renovations as Costs Rise, Survey Finds

Rising borrowing costs, higher utility tariffs and persistent inflation are forcing households to scale back discretionary spending.
2 Min read

Russia’s Small-Farm Lobby Seeks Urgent State Aid

The appeal comes as the government weighs cuts to agricultural spending amid mounting fiscal pressure.
3 Min read

Russia's Planned VPN Traffic Charges Hit by Technical Delays – Vedomosti

While authorities have pushed telecom providers to limit access to VPNs, implementation has proved more complex than anticipated.
2 Min read

Russia Forced to Slash Oil Production After Ukrainian Strikes – Reuters

The reduction, estimated between 300,000 and 400,000 barrels per day, comes as Ukraine ramps up its strike campaign against the energy and export infrastructure...
2 Min read

Russia Jails Ex-Rail Executive for 11 Years Over $16M Fraud Case

Alexei Taicher was found guilty of embezzling nearly $16 million from a company linked to state railway giant Russian Railways (RZhD).
2 Min read

Russian Companies Freeze Hiring as Demand Cools, Central Bank Says

Some 64% of companies surveyed by the regulator said they do not plan to change staff numbers this year, citing subdued demand for their products.
2 Min read

Russians Trade Down to Cheaper Food as Incomes Come Under Pressure

X5’s hard-discount chain Chizhik is expected to overtake Pyaterochka in revenue for the first time this year, its president said.
2 Min read

Russia Signals Pullback in Business Support as Budget Strains Mount

Russia’s economy is slowing after a period of rapid, state-driven expansion that relied heavily on spare labor, industrial capacity and fiscal reserves...
3 Min read

U.S. Extends Sanctions Waiver on Purchases of Russian Oil

The license comes two days after Treasury Secretary Scott Bessent said that Washington would not renew the waiver.
2 Min read

Russian Stocks Slip After Iran Says Strait of Hormuz ‘Completely Open’ for Duration of Ceasefire

Rosneft shares fell by more than 4%, while Gazprom Neft dropped nearly 3%. Lukoil and Tatneft both saw declines of more than 2%.
2 Min read

Russia-Linked Crypto Exchange Grinex Says Lost Over $13Mln in Cyberattack

The incident underscores the challenges facing crypto-based payment systems that have emerged as workarounds to Western sanctions.
2 Min read

Russian Part-Time, Idle Workforce Hits Highest Since 2020 Pandemic Peak

The surge points to a widening use of reduced working hours as companies seek to cut costs without resorting to mass layoffs.
2 Min read

Tinkov-Founded Fintech Plata Hits $5Bln Valuation After $405M Funding Round

The deal makes Plata the most valuable private financial technology company in Latin America.
2 Min read

Russian Central Bank Governor Warns of Unprecedented Labor Shortage

“This is a new reality for the government and for business alike,” Elvira Nabiullina said at an economic forum in Moscow.
2 Min read

White House Says It Will Not Renew Russian Oil Sanctions Waiver

U.S. Treasury Secretary Scott Bessent defended the temporary waiver, arguing it prevented a more significant price spike that would have further increased...
2 Min read
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