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Regions Calling: Russia's Fuel-Producing Hub Struggles to Shake Off Supply Crisis

Even Bashkortostan, Russia's leading producer of diesel and gasoline, is feeling the impact of this summer's fuel crisis.

Kazakhstan Court Overturns $1.4Bln Naftogaz Arbitration Award Against Gazprom

The Astana International Financial Centre had earlier ruled that Ukraine’s state oil and gas company, Naftogaz, be allowed to collect a $1.4 billion...
2 Min read

Russia Bans Diesel Exports to Ensure Domestic Supply After Targeted Ukrainian Drone Strikes

The government said the ban, which includes producers of the fuel, will be in place until July 31.
2 Min read

Russia's Defense Manufacturing Boom Is Nearing Its Limit, Official Says

Manufacturing, led by the defense-industrial complex, has been one of the main drivers of Russia's wartime economy.
3 Min read

Russian Hotels Ordered to Use State Messenger Max for Guest Check-Ins

Under the new regulation, hotels with more than 50 rooms must purchase hardware and train staff to use Max before the law takes effect on Sept. 1.
1 Min read

Russia Seizes Assets of Major Marine Fuel Supplier Transbunker

The decision is the latest in a sweeping campaign that has seen hundreds of private companies transferred to state ownership since the full-scale invasion...
3 Min read

Gazprom to Form Military Reserve Units to Guard Energy Infrastructure From Drone Attacks

Rather than relying solely on regular military forces, authorities have increasingly turned to regional volunteer units and reserve formations to bolster...
2 Min read

Russia Says Digital Ruble Ready for Sept. 1 Launch Despite Weak Public Demand

Beginning Sept. 1, all 12 of Russia's systemically important banks will be required to support digital ruble transactions, while large retailers will also...
2 Min read

Russian-Born Playrix Billionaire Becomes International Booker Prize Sponsor

The Booker Prize will be renamed the Bukhman International Booker Prize and the prize money for the winning author and translator will be doubled.
2 Min read

Georgia’s Only Oil Refinery to Stop Using Russian Crude by September

Earlier, the EU had threatened to include the Kulevi refinery in its 20th sanctions package over Russia’s invasion of Ukraine.
1 Min read

Russian Cafe Chains Shrink as Restaurant Sector Feels Pressure From Costs, Changing Consumer Habits

Two well-known Russian restaurant chains have roughly halved their footprints since Moscow launched its full-scale invasion of Ukraine.
2 Min read

Wildberries Stops Compensating Sellers for Products Damaged in Airstrikes

Starting Tuesday, July 7, Wildberries will not be required to compensate sellers under force majeure circumstances resulting from artillery, drone and...
1 Min read

Russia Says It Will Further Cut List of Jobs Barred to Women Amid Labor Shortages

The list of occupations prohibited for women has already been cut by more than fourfold in recent years, an official said.
2 Min read

Russian Manufacturing Returns to Growth for First Time in Over a Year

Output expanded for a second straight month, ⁠with the pace of growth quickening fractionally to its fastest ​since January 2025.
1 Min read

Euroclear Sues Russian Central Bank in Belgian Court

Euroclear holds much of the 300 billion euros in Russian state assets that were frozen in the West following the 2022 invasion of Ukraine.
1 Min read

Sberbank CEO Renews Call for Interest Rate Cut

“We’ve already overcooled the economy. The rate needs to come down,” Sberbank CEO Herman Gref said on Tuesday.
2 Min read

Russian Ammonium Nitrate Output Falls After Drone Attacks Disrupt Chemical Plants

Ammonium nitrate is a key fertilizer but is also widely used in the manufacture of industrial explosives.
2 Min read

German Court Rules EU Sanctions No Longer Apply to Superyacht Linked to Usmanov

The 156-meter (512-foot) Dilbar is among the world's largest private yachts.
2 Min read

Yacht Linked to Putin Sails Through Danish Waters Escorted by Russian Warships

According to Danish broadcaster DR, Graceful was accompanied by a Russian destroyer and a patrol ship.
1 Min read
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