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Business

opinion Charles Hecker

‘I’m Not Leaving Until They Throw Me Out’: Why 70% of Italian Businesses in Russia Are Still There

While most international businesses pulled out of Russia over the war, Italian companies with large appetites for risk have stayed.

Russian Diamond Exports Fall to Decade Low

The Russian diamond sector has been hit hard by Western sanctions imposed over the war in Ukraine and a wider global downturn.
2 Min read

Russian Car Sales Plunge 27.5% Year-on-Year

Over 70% of all new passenger vehicles sold in Russia since the beginning of the year were produced in either 2023 or 2024.
2 Min read

Russia’s Richest Have Gained $22.5Bln Since Start of 2025

Metals tycoon Vladimir Potanin remained Russia’s richest person, with his net worth rising by $3.82 billion since January to $31.7 billion.
2 Min read

Rusagro Cedes Meat Producer Stake to Belgorod Region After Owner’s Arrest

Rusagro began acquiring Agro-Belogorye in 2019 and finalized its consolidation last November, becoming Russia’s second-largest pork producer.
2 Min read

Russia at Rising Risk of Systemic Banking Crisis, State-Linked Economists Warn

While a full-blown crisis has not yet materialized, several warning signs point to a high likelihood of one happening, the experts said in a report.
3 Min read

A Fashionable Scheme: The Belarusian Company Bringing Luxury Goods to Russia

The intermediary linked to a businessman close to Belarusian President Alexander Lukashenko reports artificially low prices in customs documents to circumvent...
4 Min read

Russia’s Primary Real Estate Market at Higher Risk of Bursting as Prices Soar, Central Bank Warns

Policymakers said the primary housing market in April reached its highest bubble risk level since at least 2016.
2 Min read

Putin Acknowledges Russia’s Potato Shortage Amid Record Price Increases

“It turns out that we don’t have enough potatoes,” Putin said.
2 Min read

Samsung Halts Use of Russian Metals for Tech Displays – Kommersant

The move by the South Korean brand reflects growing global caution about the risk of secondary sanctions.
2 Min read

Putin Says Russia Should ‘Strangle’ Foreign Tech Companies

“I say this without hesitation,” the president told a group of business leaders. “We must respond in kind, mirror their actions.”
2 Min read

Russian Stocks Tumble After Trump Calls Putin ‘Crazy,’ Threatens News Sanctions

Sovcomflot, Russia’s largest shipping company, led the losses with a drop of more than 5%.
1 Min read

Serbia and Gazprom Extend Low-Cost Gas Deal Through September

The extension comes as Serbia negotiates a new long-term agreement with Gazprom to replace its existing three-year contract, which was set to expire May...
1 Min read

Dozens of Russian Companies Suspend Dividend Payments Amid Economic Uncertainty

High interest rates, reduced revenue and sanctions pressure are taking their toll on some of Russia's largest firms.
2 Min read

Shelter from Interpol: How a Finnish Criminal Found a New Life and Business in Belarus

Arto Kalevi Autio is linked to a sweeping financial scandal that engulfed Finland’s Youth Foundation. He has evaded prosecution by seeking refuge in...
6 Min read

Ruble Steadies Around 80 Against the Dollar

The ruble has strengthened by over 40% against the dollar this year amid easing tensions with the U.S. and a tight monetary policy.
2 Min read

Russia Mandates All Taxis Be Locally Made by 2026

The Kaliningrad region and Siberian territories will get a two-year extension, while the Far East will have until 2030 to comply.
1 Min read

Russia's Largest Shipping Firm Reports $393M Loss in Q1 as West Targets 'Shadow Fleet'

Sovcomflot linked the collapse in revenues to “unprecedented sanctions.”
2 Min read

Bank of Georgia Restricts Luxury Spending for Russian Cardholders

Visa and Mastercard transactions over $300, 300 euros or 300 British pounds are now restricted at “certain” luxury retailers abroad.
1 Min read
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