Business

How Russian banks adapted to sanctions PRO Members Public
Hello! This week we detail our investigation into how Russian banks are skirting sanctions to transfer money to the EU — the latest in a string of restriction-busting innovations rolled out by the sector amid the Ukraine invasion. The Central Asian fix: Sending rubles to Europe Sanctions against Russia over its

Domodedovo and SPIEF: a masterclass in ignoring reality PRO Members Public
Hello! This week we look at how the nationalization of Moscow’s Domodedovo airport came about and why it was a non-issue at Russia’s premier business and investment forum in Saint Petersburg. SPIEF shrugs off Domodedovo nationalization The St. Petersburg International Economic Forum has long ceased to be a

Russia prepares for a war on WhatsApp PRO Members Public
Hello! This week we look at Russia’s plans to create a domestic messenger platform – and why that spells trouble for the almost 100 million Russian WhatsApp users. Putin backs creation of ‘national messenger’ Russian authorities are moving towards blocking the last major foreign online service that had been – until

How Apple and Google enable Russian censorship PRO Members Public
Hello! This week we take a detailed look into the removal of VPNs from the Russian app stores of Apple and Google, exploring how the US tech giants are effectively enabling Moscow’s sweeping internet censorship. US tech compliant in Russia’s VPN crackdown Russian authorities are waging a serious

More trouble for Putin’s former aide Chubais PRO Members Public
Russian law enforcement agencies have stepped up their targeting of Rusnano, a state company that invested in promising tech projects. For the first time, Anatoly Chubais, one of the architects of Moscow’s 1990s economic reforms and long-time Rusnano chief, is himself coming under direct threat. Until recently, Chubais – who

VK posts huge loss, eyes massive cash injection PRO Members Public
Tech giant VK, which operates the country’s largest social media site and is often dubbed “Russia’s Facebook”, posted a staggering set of results for 2024: a billion-dollar loss and overall outstanding debt of more than $2 billion. Now the firm, which the Kremlin is backing heavily to create

Ahead of Trump call, Putin lets Western funds sell frozen Russian assets for the first time PRO Members Public
On the eve of a phone call with Donald Trump, Vladimir Putin unveiled his latest overture to the United States. For the first time in three years of war, he signed an order on Monday allowing major US investment funds to sell their holdings of frozen Russian securities. The move

Russian security forces come up with new ideological grounds for seizing assets PRO Members Public
Russia’s nationalization wave — which accelerated following the invasion of Ukraine — continues apace. Canned food magnate Leonid Smirnov is the latest to have fallen out of favor, but what makes this case different are allegations of military sabotage. * Leonid Smirnov was born in the USSR but emigrated to the USA

How Russia is losing the AI race PRO Members Public
Russia has its own self-driving technology, a search engine to rival Google, and voice assistants and smart speakers that are better conversationalists than Alexa or Siri. But it has no generative neural networks that can compete with the latest versions of ChatGPT or surprise everyone like China’s DeepSeek. How

Phantom hope for the return of foreign brands PRO Members Public
The first US-Russian talks since the invasion of Ukraine were greeted in Russia not by talk of the end of the war, but by the country’s potential return to the global economic order. Russian officials and propagandists began to interpret the possibility of normal relations between Moscow and Washington