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Articles with tag "business"

Buyback Options Expired for 30% of U.S. Companies That Left Russia, AmCham Says

AmCham Russia President Robert Agee previously estimated that around 150 U.S. companies have left Russia, while a similar number remain.

Russia's IT Sector Fears Re-Entry of Western Competitors

Russian IT companies are concerned that increased foreign competition might make their already precarious situation yet more difficult.
5 Min read

Asian Business Giants Thrive in Russia Despite Sanctions

Their presence reveals a divergence between Western corporate exodus and Eastern mercantile strategy.
3 Min read

Rotenberg Brothers Behind Russia’s Wartime Asset Seizures – FT

An anonymous Russian government official said the Rotenberg brothers have developed “this whole concept of kind of soft nationalization.”
1 Min read

Russia’s Only TV Manufacturer Discontinues Production

Sources close to the company said the decision to end production was due to sluggish demand and burdensome government paperwork.
1 Min read

No Sign Western Businesses Want to Return, Russian Central Bank Chief Says

“As for companies that want to return, we haven’t received any requests in the financial sector yet,” Central Bank Governor Elvira Nabiullina said...
2 Min read
opinion Vladislav Inozemtsev

Russia’s Businessmen Are Natural Opponents of Putin. They Just Don’t Know It Yet

Both Russia's self-made businessmen and the opposition have a common interest in living in a peaceful democracy that respects the rule of law.
5 Min read

Russian Market Slides Amid Global Panic Over Trump’s Tariffs

Among the biggest losers on Monday was En+ Group, the parent company of aluminum tycoon Oleg Deripaska’s Rusal, which fell 9.76%.
2 Min read

Mining Company Alrosa Unveils Russia’s Largest-Ever Diamond

The 100-carat diamond, named New Sun, was cut from a billion-year-old 200-carat rough diamond unearthed from an ancient riverbed.
1 Min read

No Quick Sanctions Relief Expected for Russia, Major Business Lobby Says

“We assume that 2025 will be a rather difficult year with internal and external challenges,” said Alexander Shokhin, president of RSPP.
2 Min read

American Companies Expected to Attend 2025 St. Petersburg Economic Forum

The organizer of the flagship economic forum said "several" U.S. companies had submitted applications to attend the four-day event in June.
2 Min read

Putin Authorizes Armenian Investment Fund to Buy Goldman Sachs’ Shares in Russian Companies

Balchug Capital acquired shares in Gazprom, Rosneft and Lukoil, as well as in telecom provider Rostelecom and the Novolipetsk Metallurgical Plant.
2 Min read

No Signs Yet of Foreign Companies Seeking Russia Return – Finance Ministry

“We haven’t received any specific applications on this issue yet,” Deputy Finance Minister Ivan Chebeskov told Russian media.
2 Min read

Russian Manufacturing PMI Falls to Lowest Level Since April 2022

The data point to mounting pressures on Russia’s industrial economy.
3 Min read

South Korean Companies Move to Restart Operations in Russia – Korea Times

But major firms emphasize that their actions remain preliminary and depend on future developments with the war in Ukraine and sanctions.
2 Min read

Putin Cancels Nationalization of Italy’s Ariston’s Russian Unit

Ariston said in a statement that a decree signed by Putin "restored ownership and full management" of the Russian subsidiary to Ariston's parent company...
2 Min read

Gazprom Plans Major Corporate Overhaul Amid Financial Crisis – FT

Deputy CEO Yelena Ilyukhina is reportedly spearheading a downsizing plan that includes shuttering departments and merging divisions.
2 Min read

Lukoil Profits Drop Nearly 30% in 2024 Amid Asset Losses, Higher Taxes

Analysts said that one-off expenses, such as year-end asset write-offs and tax reassessment, were the main factors behind Lukoil’s profit decline.
2 Min read

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.
2 Min read
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
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