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Russian business & finance

  • Thursday, 12 December, 2024
    Free LunchMartin Sandbu
    It’s high time to make Russia pay Premium content

    G7’s $50bn loan is no substitute for transferring blocked foreign exchange reserves to Ukraine

    new
    A Russian flag flutters next to one of the Kremlin towers in downtown Moscow
  • Thursday, 5 December, 2024
    Vladyslav Vlasiuk
    We need a more agile EU sanctions regime to counter the Kremlin

    Measures adopted so far are too cumbersome to match Russia’s artful ways of circumventing them

    Ursula von der Leyen and Volodymyr Zelenskyy
  • Wednesday, 4 December, 2024
    Money laundering
    UK uncovers vast crypto laundering scheme for gangsters and Russian spies

    Multibillion-dollar ring across London, Moscow and Dubai connected cash-rich criminals with sanctions evaders

    From left: Smart’s Ekaterina Zhdanova, TGR’s office near London’s Oxford Circus and TGR’s George Rossi and Elena Chirkinyan
  • Tuesday, 3 December, 2024
    Carlsberg AS
    Moscow approves sale of Carlsberg’s Russian assets for $322mn

    Danish brewer had previously accused the Kremlin of ‘stealing’ the business

    Green bottles of Carlsberg beer move along a production line in Baltika Breweries LLC plant in St Petersburg, Russia, with two staff examining the bottles going past in the background
  • Saturday, 30 November, 2024
    Europe Express
    Russia’s economy flatters to deceive Premium content

    Western commentators should take care not to be misled by statistics that the Kremlin has turned into a weapon of war

    People walk past a gift shop in Moscow selling T-shirts with the letter Z, which has become a symbol of support for Russia’s invasion of Ukraine
  • Tuesday, 26 November, 2024
    Currencies
    Rouble slides as new Russian sanctions stifle foreign trade

    Pressure on currency set to continue as curbs against lenders such as Gazprombank hit export payments

    People walk on the Red square next to St Basil’s Cathedral and the Spasskaya tower of the Kremlin
  • Thursday, 21 November, 2024
    War in Ukraine
    US hits Russia’s Gazprombank with sanctions

    Move in effect bans state-owned bank from global financial system in blow to payments for Moscow’s war effort

    A worker walks past the Gazprombank pavilion at an international forum
  • Sunday, 17 November, 2024
    Interview
    From championing Russia to a Moscow jail: Michael Calvey recounts his surreal descent

    US founder of private equity firm Baring Vostok says ordeal ‘could happen to anybody’

    Michael Calvey in London. He admits he thought his years championing Russia would protect him from the dark turn the country had begun to take under President Vladimir Putin
  • Friday, 15 November, 2024
    News in-depthGlobal trade
    Russian sales of Chinese cars surge after western sanctions hit

    Purchases of vehicles from Asian nation’s automakers reach fresh records as Russians ‘vote with their wallets’

    Black car with sleek, modern headlights against a bold, abstract background in yellow, black, white, blue, and red blocks
  • Thursday, 14 November, 2024
    EU energy
    Germany tells its ports to reject Russian gas cargoes

    Economy ministry instructs import terminal to refuse planned shipment of LNG

    A LNG-laden carrier ship next to Brunsbüttel jetty in Germany in April 2024
  • Wednesday, 13 November, 2024
    Russian politics
    How Russia’s energy minister plotted merger of country’s oil majors

    Pitch by Sergei Tsivilev, a relative of Vladimir Putin, aimed to tighten oversight of Rosneft and nationalise Lukoil

    Montage of Sergei Tsivilev, Vladimir Putin and Igor Sechin with logos of Rosneft, Gazprom and Lukoil together with colours of the Russian flag
  • Thursday, 7 November, 2024
    A Russian reprieve for JPMorgan?

    Trump victory puts a twist in the tale of Moscow vs America’s biggest bank

  • Wednesday, 6 November, 2024
    ‘Make IMOEX Great Again’

    A quick look at a largely untradeable Trump trade

  • Tuesday, 5 November, 2024
    NK Lukoil OAO
    Lukoil considered sale of Bulgarian refinery to Qatari-British consortium

    Deal would signal Moscow’s diminishing influence on Balkan energy networks

    Lukoil Neftochim Burgas, based in Burgas, Bulgaria, is the largest oil refinery in the Balkans
  • Sunday, 3 November, 2024
    Martin Sandbu
    The west must outdo rival efforts to build an alternative financial system

    Technological and geopolitical competition between democracies and autocracies are two sides of the same coin

    Russian President Vladimir Putin during an official welcoming ceremony for delegations’ heads at the BRICS summit in Kazan, Russia
  • Sunday, 3 November, 2024
    News in-depth
    Chickpeas for tangerines: Russian exporters ‘taste’ barter system

    Moscow pushes Soviet-style trade after western sanctions cause months-long payment delays

  • Wednesday, 30 October, 2024
    War in Ukraine
    US cracks down on Russia’s facilitators worldwide

    About 400 companies and individuals in China, India, Turkey and other countries are added to sanctions list

    Worker at a Rosatom facility
  • Wednesday, 30 October, 2024
    Nuclear energy
    Nuclear fuel producer calls for more incentives to end Russia reliance

    Second-largest western supplier of enriched uranium Orano urges more clarity on demand or stricter sanctions

    Nicolas Maes seated at a white table and speaking and gesturing
  • Sunday, 27 October, 2024
    MOL Magyar Olaj es Gazipari Nyrt
    Hungary’s largest oil group attacks western ‘hypocrisy’ over Russian energy

    Mol’s links to Moscow have come under scrutiny after Spain’s veto of Hungarian consortium’s bid for train maker Talgo

    Workers on an oil storage tank at the Duna oil refinery, operated by Mol in Szazhalombatta, Hungary,
  • Thursday, 24 October, 2024
    Russian politics
    Putin’s alternative to ‘weaponised’ dollar fails to excite Brics partners

    Russian president targets US financial dominance in struggle to reduce impact of sanctions

    Vladimir Putin, Xi Jinping and Narendra Modi walk together through a doorway during an informal dinner
  • Wednesday, 23 October, 2024
    Russian arms group warns it may halt exports as Ukraine war demands surge

    Rostec chief Sergei Chemezov, an ally of Vladimir Putin, also blames high interest rates for making overseas sales difficult

    Four airborne Sukhoi Su-57 fifth-generation fighter aircraft
  • Wednesday, 23 October, 2024
    Russian oligarch still owned Italian resort months after sanctions, filing shows

    Disclosure raises questions over why Rome did not move to freeze the asset

    General view by drone of Forte Village Resort
  • Saturday, 19 October, 2024
    Oil & Gas industry
    US firm’s Russia work prompts Congress to demand stricter sanctions

    Letter to Biden administration warns SLB is helping finance ‘barbaric invasion’ of Ukraine

  • Thursday, 17 October, 2024
    War in Ukraine
    UK cracks down on Russia’s ‘shadow fleet’

    Sanctions include restrictions on six vessels recently identified by the FT

    UK foreign secretary David Lammy
  • Thursday, 17 October, 2024
    Free LunchMartin Sandbu
    The west’s halfhearted resistance to Russia Premium content

    Ukraine’s friends can be much tougher with Moscow’s ‘shadow fleet’ — and other economic weapons

    Vladimir Putin is seated at a desk, holding a document, during a meeting at the Kremlin in Moscow.
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