Russian consumers in a tight spot as high inflation persists

[ad_1] Some Russian pensioners claim they would be unable to afford rent and food without the help of their children, due to soaring levels of inflation. ADVERTISEMENT The shelves at…

Why executives of Carlsberg’s Russian brewery face 10 years in prison

[ad_1] The alleged fraud highlights the difficulties that Western firms and their executives face in trying to leave Russia. ADVERTISEMENT Two top employees of Carlsberg’s seized Russian unit, Baltika Breweries,…

In spite of a recent dip, Russian banks face record profits this year

[ad_1] High interest rates took a bite out of consumer lending and took a toll on banks’ profits in September. ADVERTISEMENT Russian banks’ profits dropped in September as consumer lending…

Rouble strengthens after Putin reimposes currency controls

[ad_1] Moscow has imposed capital controls to prop up its currency, a similar move to the one that saved the rouble from collapsing in 2022 right after its full-scale invasion…

Russian rouble tumbles again, exceeding 100 to the US dollar

[ad_1] The rouble has been struggling for months due to the imposition of Western sanctions on Russia, hurting the bank accounts of the general population in the process. ADVERTISEMENT The…

Russian economy expected to grow despite war fallout

[ad_1] The country is defying expectations and weathering sanctions but an eventual slowdown is still expected. ADVERTISEMENT Russia’s economy will unexpectedly grow this year despite the war in Ukraine, according…

Oil prices keep rising, experts foresee $100 a barrel

[ad_1] After a short pause last week, oil prices are on the rise again fuelled by Russia’s temporary ban. Oil prices rose further on Monday morning as investors focused on…

Russia’s Economy Is Starting to Come Undone

[ad_1] MOSCOW—The opening months of Russia’s invasion of Ukraine last year drove an increase in oil and natural-gas prices that brought a windfall for Moscow. Those days are over. As…

Western sanctions force Russia to cannibalise planes for spare parts

[ad_1] Russian airlines, including state-controlled Aeroflot, are stripping down aircraft to secure spare parts they can no longer buy abroad because of Western sanctions, four industry sources told Reuters. The…

Doing business with Russia poses dilemma for big international brands

[ad_1] In the first month of Western sanctions against Russia, thousands of businesses stopped operations in the country either as a direct consequence, or because the public — their customers…