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Russian Oil Prices Sink Below $35 Per Barrel

The price of Urals crude shipped from the Black Sea port of Novorossiysk fell to $34.52 per barrel as of Dec. 16, roughly half the level at the start of...

Russia’s War Losses Fuel Surge in Funeral Industry Revenue

The surge in funeral revenue comes amid rising demand and record inflation in funeral services.
1 Min read

Russian Central Bank Slashes Key Rate to 16% 

Policymakers said inflationary risks remain elevated and have risen slightly in recent months, prompting the more modest 0.5% rate cut.
3 Min read

Russian Central Bank Says It Will Seek Damages From European Lenders

Without naming which banks it plans to take to court, the regulator said it was responding to ongoing attempts to seize its assets.
3 Min read

U.K. Targets Tatneft in Latest Update to Sanctions Against Russia

The latest measures include six oil and gas companies, among them Tatneft, Russneft and NNK-Oil, as well as seven trading firms and four chemical companies...
1 Min read

Russians Expected to Slash New Year Spending as Inflation Bites

Higher prices for food, utilities and clothing have pushed consumers into a savings mindset.
2 Min read

Finland Seizes Sanctioned Billionaire Boris Rotenberg's Villa – Yle

Rotenberg has been unable to transfer funds to Finnish bank accounts in recent years due to sanctions restrictions, Yle said.
2 Min read

Armed Guards Spotted on Russian ‘Shadow Fleet’ Vessels, Sweden Says

The head of operations for Sweden’s navy said the individuals were likely employees of private security companies.
1 Min read

U.K. PM Warns Abramovich 'Clock Is Ticking' Over Chelsea Sale Fund

The frozen £2.5 billion generated from the sale of the club has been earmarked to help Ukraine's war victims.
2 Min read

AvtoVAZ Recalls Over 33K Lada Grantas Due to Driveshaft Defect

The recall applies to Lada Grantas sold between June 6 and Dec. 12, 2025, Russia’s standards watchdog Rosstandart said.
2 Min read

Rosnano Sues Former Chief Chubais Over Failed Memory Chip Project

Rosnano said the losses were caused by “unreasonable and irresponsible decisions” made by those overseeing the project.
2 Min read

Wildberries & Russ Acquires Cosmetics Chain Rive Gauche

Founded in 1995, Rive Gauche ranks as Russia’s fifth-largest perfume and cosmetics retailer by revenue.
1 Min read

Russia’s Central Bank Seeks $230Bln From Euroclear Over Frozen Assets

The legal move comes as the EU debates how to use frozen Russian sovereign assets to provide long-term support to Ukraine.
2 Min read

EU Agrees to Indefinite Freeze of Russian Central Bank Assets

The move removes a major hurdle to using the roughly 210 billion euros in Russian sovereign assets immobilized in Europe to support Ukraine.
2 Min read

Lukoil Taps Ex-Trump Adviser to Assist With Overseas Asset Sale

Meanwhile, U.S.-based investment bank Xtellus Partners has reportedly moved to the front of the pack of potential buyers.
2 Min read

Russia’s Shift Workers Face Mounting Wage Payment Delays

In Nizhny Tagil, some 200 workers at a copper mine were effectively left stranded at the work site after going two months without pay.
2 Min read

Russia’s Rostselmash Warns of Reduced Working Hours in 2026 as Demand Slumps

Rostselmash plans to cut output by 30% in 2025 to 2,700 combine harvesters and 800 tractors.
2 Min read

Russia Reports Steep Inflation Drop as High Interest Rates Weigh on Economy

Annual inflation in November dropped to 6.6% compared to 7.7% a month prior.
1 Min read
Feature

Arkady Volozh’s Second Act

The former head of Yandex has made a remarkable business pivot. How did he pull it off?
10 Min read
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