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Business
former tycoon
Russia Sues Kremlin Critic Khodorkovsky, Ex-Business Partner
Vedomosti reported that Khodorkovsky’s spokesperson said they received no information regarding the legal suit.
alcoextremism
Russia Moves to Nationalize Major Vodka Distiller Over ‘Extremist’ Activities
Global Spirits Holding's Ukrainian founder was previously accused of funding Kyiv's armed forces.
2 Min read
business grab
Moscow Seizes Pasta Maker Makfa in Wartime Nationalization Sweep
The company’s lawyer said he “sees grounds” to challenge the verdict with Russia’s Constitutional Court.
2 Min read
'good trend'
Russians Returning From Abroad Help Boost Kremlin’s War Economy – Bloomberg
The returnees contributed between one-fifth and one-third of Russia’s 3.6% GDP growth in 2023, according to Bloomberg’s estimates.
2 Min read
'various efforts'
Japan Tobacco Adjusts Supply Chains to Keep Russian Business, CEO Says
Masamichi Terabatake said his company is working carefully to not run afoul of sanctions, but added that “otherwise, it’s business as usual.”
2 Min read
war profits
Major European Banks Paying Russia More in Taxes Than Before Ukraine Invasion – FT
The seven lenders reportedly paid over 800 million euros in taxes to the Russian state last year, a fourfold increase compared to 2021.
2 Min read
wobbling currency
Russia Holds Rates After Putin Urges Caution
Speaking to business leaders on Thursday, Putin had stressed the need to be "careful" over when to start cutting rates.
2 Min read
Feature
'Dirty as Hell': Coal Dust Chokes Murmansk as Moscow Ramps Up Asia Exports
As the dust fuels public grievances and concerns for human health, the Murmansk Commercial Seaport is busy expanding its operations.
6 Min read
improved outlook
IMF Raises Russia’s Growth Forecast for 2024
Russia’s economy is expected to grow 3.2% this year, up from the previous forecast of 2.6% issued in January.
1 Min read
'highly embarrassing'
Raiffeisen Touts Russia ‘Expansion’ in Job Ads Despite Intended Exit – FT
The Austrian bank has placed more than 2,400 job ads in Russia since December 2023, the Financial Times reported.
2 Min read
from rod to scrap
China Disguising Imported Russian Copper as Scrap to Avoid Sanctions – Reuters
The shredded metal is harder to trace, making it easier to sell to Chinese manufacturers and keep doing business with buyers wary of Russia.
2 Min read
'decisive action'
U.S., U.K. Widen Ban on Russian Metals in Bid to Disrupt Revenues
The move bans metal exchanges from accepting any new aluminum, copper, and nickel produced by Russia.
2 Min read
'de-privatization'
The Kremlin’s Creeping Nationalizations Hit Chelyabinsk Businesses
These seized assets are likely destined to be transferred to regime loyalists, analysts agreed.
4 Min read
antipov affair
Russia Seizes Country’s Largest Winemaker Amid Re-Nationalization Wave – RBC
Kuban Vino was reportedly one of four nationalized wine and food companies previously owned by the agricultural holding Ariant.
2 Min read
alfa partners
Russian Billionaires Fridman, Aven Win EU Sanctions Appeal
The European Union Court of Justice said sanctions against the two men were not “sufficiently substantiated [and] therefore not justified.”
3 Min read
Feature
Russia's Emigre Tech Workers Eye Jobs at Western Firms as Moscow Clamps Down on Working Abroad
Western companies are actively targeting the hundreds of thousands of Russian tech workers who moved abroad after the invasion of Ukraine.
5 Min read
disputing reports
Two-Thirds of Tech Workers Who Fled Country Have Returned, Russia Says
“Over the past year, we have not observed an outflow of IT specialists,” Russia’s Ministry of Digital Development said.
1 Min read
sanctions question
German Firms Help ‘Rebuild’ Russian-Occupied Mariupol – Report
Mariupol fell to Russian forces after a two-month siege that cost the lives of thousands and left the city in rubble.
2 Min read
secondary sanctions
Kyrgyzstan Says Suspended Mir Payment Cards Under Threat of Shutdown
Kyrgyzstan's national payments operator previously said it would stop servicing Mir bank cards to "minimize the risk of secondary sanctions."
2 Min read
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