Business
The EU looks at how to lift sanctions on Russian oligarchs Paid Members Public
The EU’s Supreme Court last week discussed for the first time what Russian oligarchs need to do to have sanctions against them lifted. Namely, they will need to visibly part with any of their Russian businesses, not simply transfer them to other companies within the country. * The Court of
Russia’s white collar workers face job cuts despite chronic labour shortages Paid Members Public
Russia’s economy is expected to cool this year after months of overheating, with the pace of growth set to more than halve. The slowdown will happen against the backdrop of chronic labour shortages — but despite record demand for workers in many sectors, experts still predict job losses. Who is
Russia’s coal industry faces collapse due to sanctions Paid Members Public
Russia is preparing for the first major wave of bankruptcies since the invasion of Ukraine, with the coal industry being the key area of concern. The situation in the sector is so desperate that the government has already tasked Vnesheconombank with stepping in to save bankrupt companies. The bank has
Mass layoff of Russian IT staff spooks emigrants Paid Members Public
A round of mass layoffs at ABBYY, the IT company founded by David Yang, a businessman with Russian roots, was one of the big stories in the Russian business world last week. The firings affected only the offices in Cyprus, Serbia and Hungary. Russian citizens were featured heavily among those
Shootout at Wildberries: Who’s who in the battle for Russia’s Amazon Paid Members Public
The saga of the Bakalchuks, the co-founders of Wildberries, Russia’s leading online marketplace, escalated dramatically last week, entering a new and dangerous phase. A brazen attempt by Vladislav Bakalchuk to storm the company’s Moscow headquarters turned into a shootout which killed two people and saw more than 30
Chinese automaker becomes the largest foreign company in Russia Paid Members Public
The exodus of Western companies sparked by the Russian invasion and subsequent sanctions has completely changed Russia’s corporate landscape. New research into the top foreign companies active in the Russian market reveals the extent of that overhaul over the last two and a half years. * Of the 50 biggest
Pavel Durov opposed strict moderation — it could cost him his freedom, and his company Paid Members Public
Telegram founder and Russian tech icon Pavel Durov spent just 96 hours in a French jail. Released on house arrest, the case is far from over, and will have repercussions way beyond him and his platform. The saga looks set to go a long way towards shaping the future relationship
Russia’s billionaire Hairspray King Paid Members Public
Before 2022, the name Alexei Sagal meant little to anyone in Russia outside the domestic cosmetics industry and residents of his native Stavropol Territory in the south of the country. That has changed completely since Russia invaded Ukraine as Sagal swooped to take control of Heineken’s Russian businesses. That
