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Number of New Moscow Housing Projects Falls to 12-Year Low – Vedomosti

Only seven new residential developments began sales in the third quarter of 2025 compared with 12 in the same period last year.

Russia’s Planned VAT Hike Expected to Push Inflation Higher, Finance Ministry Says

Officials proposed raising the value-added tax from 20% to 22% starting next year to help close a widening budget deficit amid record military spending...
2 Min read

Moscow Businessman Arrested Over Decades-Old Contract Killings

Ibragim Suleimanov was arrested after the alleged gunman reportedly testified against him.
1 Min read

Russia’s Auto Industry Faces Labor Shortages as 4-Day Work Week Forces Employees Out – Reports

Employee incomes have fallen by about 20% since GAZ introduced a four-day work week in July, Mash reported.
2 Min read

Citibank to Stop Servicing Client Accounts in Russia – Reuters

The bank, one of the largest Western lenders on the Russian market, advised clients to transfer their remaining funds to other banks as soon as possible...
2 Min read

Russia’s Private Sector Activity Hits 3-Year Low

The S&P Global Purchasing Managers’ Index (PMI) fell to 46.6 in September from 49.1 in August.
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EU Weighs Handing Raiffeisen $2Bln in Deripaska-Linked Strabag Shares – FT

EU ambassadors were expected to discuss the plan in Brussels on Friday, with “several” member states likely to object, the FT reported.
2 Min read

Thousands of Trucks Stuck at Kazakhstan-Russia Border Amid Customs Crackdown

Transport operators see the situation as a sign that Kazakhstan is moving toward closer compliance with Western sanctions on Russia.
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Russia’s Arctic LNG 2 Ramps Up Output to Record Levels – Bloomberg

Average daily output in September reached 17.9 million cubic meters, about 14% higher than the previous peak in August.
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Russia to Scrap Gasoline Import Tariffs, Additive Ban in Bid to Stabilize Fuel Market

Analysts told Kommersant the steps could ease short-term pressure but would not address deeper structural problems in the Russian fuel sector.
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Austria’s Raiffeisen Bank Fails Again to Exit Russia as Authorities Block Sale – Reuters

Moscow blocked the sale because it wants to preserve remaining economic ties with Europe, Reuters' sources said.
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Russia Plans Steeper Utility Tariff Hikes in 2026-2028, Outpacing Inflation

Economists warned that tariffs will continue to rise faster than inflation as the government seeks to fund upgrades to aging infrastructure.
2 Min read

Russia’s Largest Chip Maker Tops List of Most Unprofitable Companies

State-owned firms in the top 10 accounted for 652.8 billion rubles ($7.91 billion) of losses, or 70% of the total.
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opinion Vladislav Inozemtsev

Russia's Billionaires Are Losing the Global Wealth Race

Russia’s billionaires once rivaled Microsoft & Bill Gates. Today, just six remain in the global Top 100, trapped at home and stripped of global influence...
4 Min read

Luxury Firm Cucinelli Chided by Italian Regulators Over Russia Claims

A report alleged that the cashmere company continued to sell ultra high-value luxury goods in Russia in violation of EU sanctions.
2 Min read

Russian Scheme to Draw Foreign Investment Sees No Uptake, Official Says

Investors from “unfriendly” countries have shown little interest in new government-backed accounts designed to protect their funds from freezing.
2 Min read

Russia’s Tax Service Seeks Bankruptcy of Tyumen’s Largest Timber Firm

The Tobol Timber Company's owner has blamed its financial troubles on its inclusion in the EU sanctions list and falling prices for Russian timber.
2 Min read

Russia’s High Rates Pose Bigger Threat to Companies Than Past Crises, Think Tank Warns

The longer the economy operates under tight monetary conditions, the greater the risks to production and corporate balance sheets, a Kremlin-linked think...
3 Min read

Russian Regions Ration Gasoline as Drone Strikes Cripple Refineries

Stations in several regions are limiting drivers to 10-20 liters of gasoline per purchase or offering only diesel.
2 Min read
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