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Articles with tag "business"

Russia Sues Shell for $1.6Bln Over Unpaid 2022 Gazprom Supplies

The lawsuit, filed in a Moscow court, seeks to declare Shell’s exit from the Sakhalin-2 oil and gas project in Russia’s Far East illegal.
Feature

Russian Firms Lure South Asian Migrants Amid Historic Labor Shortage

With businesses struggling to find enough workers, Russian companies are turning to South Asian countries for workers. But it's not a foolproof solution...
6 Min read

Putin Warns Business Leaders of ‘Slow and Difficult’ Ukraine Ceasefire Talks – Report

One source described Putin’s demeanor as “positive but objective,” lacking “unbridled optimism” about a quick ceasefire in Ukraine.
2 Min read
opinion Jason Corcoran

Hedge Funds, Beware – Russia Is a Bad Investment

Western hedge funds should not expect fair treatment if they return to doing business in Russia after the war.
5 Min read

Moscow Court Toughens Sentence Against French Banker Philippe Delpal

Delpal was sentenced in 2021 to four and a half years of probation for allegedly embezzling funds from Vostochny Bank.
1 Min read

Russia Open to Western Companies’ Return, Officials Say, But on Moscow’s Terms

“Each deal will require separate, careful consideration,” Vladimir Putin said at an annual gathering of Russia’s largest business lobby.
2 Min read

Russia Seeks to Sell $1.2Bln in Seized Assets in 2025

Finance Minister Anton Siluanov said the government expects to earn at least $1.22 billion from asset sales this year.
1 Min read

Putin Authorizes U.S. Hedge Fund to Buy Russian Securities

A decree permits 683 Capital Partners LP to buy Russian company securities from 11 other funds, mostly based in the U.S. and Britain.
1 Min read

U.S. Chamber of Commerce in Russia Pushes to Lift Aviation Sanctions

“This is less about business ambitions and more about a humanitarian necessity,” AmCham Russia president Robert Agee said.
2 Min read

Want to Return to Russia? Pay Up $1.3Bln, AvtoVAZ CEO Tells Renault

“The entry price will not exactly equal the exit price of 1 ruble,” AvtoVAZ CEO Maxim Sokolov said after the French automaker suggested a possible...
2 Min read

Russia Needs Rules for Returning Western Companies, Putin Says

Putin welcomed Western firms wanting to return to Russia, but called for regulators to create a framework that would advantage Russian companies.
2 Min read

Russia Sells Famed Imperial Prison at Auction

The new owners said that the location will have a museum, a hotel complex, restaurants, galleries and public spaces open to all.
2 Min read

Russian Metals Major Norilsk Nickel's Profits Drop 37% in 2024

Nornickel attributed the top-line decline to lower market prices for nickel and platinum group metals.
2 Min read

Russia’s Economy Defies Wave of Bankruptcy Fears With Fastest Private Sector PMI Growth in a Year

High inflation remains a problem, despite the Central Bank’s efforts to cool price growth using non-monetary policy methods.
3 Min read
opinion Jason Corcoran

Forget ESG – Western Firms Will Rush Back to Russia When War Ends

The lure of a market of 140 million people will be too much for many companies to resist, ignoring geopolitical and ethical considerations.
5 Min read

Sanctioned Russian Billionaires Exploit Dutch Legal Loophole to Conceal Finances – NOS

By classifying their companies as micro-businesses, billionaires can conceal cash flows and avoid strict reporting requirements.
2 Min read

Ex-Chechen Official Takes Over Danone’s Russian Unit

Danone announced its intention to leave Russia after the 2022 invasion of Ukraine. In May, Danone completed the sale of its Essential Dairy and Plant-based...
2 Min read

Danish Brewer Carlsberg Sells Russian Business

The move comes a day after President Vladimir Putin signed a decree ending state control of the business.
1 Min read

Russia’s Rusal to Cut Aluminum Production Amid Rising Costs, Sluggish Demand

Rusal said it would cut output by 250,000 metric tons as profit margins are squeezed by record-high alumina prices.
1 Min read

Russian Aircraft Manufacturer Ousts Top Executives Amid Production Setbacks

The shake-up also comes after one of the company’s flagship jets, the SJ-100, caught fire after landing in Turkey on Sunday night.
2 Min read
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