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Russian business & finance

  • Tuesday, 9 July, 2024
    Indian politics & policy
    Modi visits Putin to strengthen ties in hedge against China

    Ukraine’s president Volodymyr Zelenskyy calls PM’s trip a ‘devastating blow to peace efforts’

    3 hours ago
    Russia’s President Vladimir Putin and Indian Prime Minister Narendra Modi walk during an informal meeting at the Novo-Ogaryovo state residence outside Moscow on Monday
  • Monday, 8 July, 2024
    LetterOne Holdings SA
    LetterOne claims sanctions on founders pushing capital away from the west

    Chair Mervyn Davies urges governments to review policies which are limiting investment group’s ability to do business

    Mervyn Davies, chair of LetterOne
  • Tuesday, 2 July, 2024
    FT Investigations
    How a London fund with a thorny history in Russia won global influence

    Gemcorp’s past activities in Africa appear aligned with the Kremlin’s strategic priorities. Now it has senior Conservatives on the payroll

    Pictures of Sergei Chemezov, Sergei Adoniev, Lord Gerry Grimstone, Lord Edward Lister and Atanas Bostandjiev
  • Monday, 1 July, 2024
    UniCredit SpA
    UniCredit questions ECB order to reduce operations in Russia

    Italian bank, one of several regional lenders told to speed up exits, says it is seeking clarification

    A branch of Unicredit Bank in Moscow.
  • Sunday, 30 June, 2024
    Commodities
    ‘Flood’ of cheap Russian fertiliser risks Europe’s food security, industry says

    Growing dependence gives Moscow more leverage over European crop production

    A tractor spreads fertilizer
  • Friday, 28 June, 2024
    Russian oligarch shifted ownership of Sardinia resort day after Ukraine invasion

    Musa Bazhaev, who was placed on western sanctions lists, transferred luxury Forte Village to relative in February 2022

    Aerial view of Forte Village
  • Thursday, 20 June, 2024
    War in Ukraine
    EU imposes sanctions on Russian LNG

    First-ever measures against Russia’s gas part of latest restrictions against Moscow

    The Nikolay Urvantsev, a ship carrying Russian LNG unloads gas in the port of Bilbao, Spain
  • Tuesday, 18 June, 2024
    Kazakhstan’s Polymetal lives under shadow of sanctions despite Russian asset sales

    Gold producer says its European lenders are keen to cut ties once they get their money back despite rebrand

    The Varvara open gold mine in Kostanay
  • Monday, 17 June, 2024
    Alisher Usmanov
    Russian billionaire Usmanov sues UBS over German probe

    Lawyers for sanctions-hit tycoon accuse Swiss bank of triggering investigation

    Alisher Usmanov and Vladimir Putin in Moscow in 2018
  • Sunday, 16 June, 2024
    EU energy
    Russia overtook US as gas supplier to Europe in May

    Rise in market share highlights difficulty of weaning the region off Russian energy

    A worker and equipment at a Russian gas installation
  • Friday, 14 June, 2024
    G7
    G7 threatens China with further sanctions over Russia war support

    Leaders accuse Beijing of ‘enabling’ Ukraine conflict and consider more confrontational stance on its economic policies

    Ukraine’s President Volodymyr Zelenskyy with US President Joe Biden at the G7 summit in Italy on Thursday
  • Thursday, 13 June, 2024
    Russia halts foreign exchange trading as US sanctions sow confusion

    Washington’s latest curbs force transactions in dollars or euros off central exchange

    An electronic board with exchange rates at a currency exchange office in Moscow
  • Wednesday, 12 June, 2024
    War in Ukraine
    US unveils tougher Russia sanctions for foreign banks

    Measure will discourage financial institutions in countries such as China from doing business with Moscow

    Janet Yellen, US Treasury secretary
  • Wednesday, 5 June, 2024
    Gazprom OAO
    Gazprom badly hurt by Ukraine war, says company-commissioned report

    Research ordered by Russian gas group warns it may not recover lost export revenues for more than a decade

    A worker turns a valve wheel in the yard at the Gazprom PJSC Atamanskaya compressor station, part of the Power of Siberia gas pipeline,
  • Sunday, 2 June, 2024
    Russian economy
    Russia-China gas pipeline deal stalls over Beijing’s price demands

    Power of Siberia 2 project would offer lifeline to exporter Gazprom as Moscow’s dependence on its neighbour grows

    Xi Jinping and Vladimir Putin in front of their national flags
  • Sunday, 2 June, 2024
    Wally Adeyemo
    We need to put sand in the gears of the Russian war machine

    The private sector must play its part in hobbling Putin’s military-industrial complex

    Photo taken at ground level looking up at a Russian Army vehicle-mounted, multiple rocket launcher firing rockets in Ukraine
  • Thursday, 30 May, 2024
    War in Ukraine
    EU prepares tariffs on Russian goods exempt from sanctions

    Plan to target €42bn of imports could cover food, medicines and nuclear fuel

    Russian wheat being harvested in Omsk
  • Thursday, 30 May, 2024
    War in Ukraine
    US seeks to choke off supplies via China for Russia’s war machine

    Ukraine’s allies and western businesses will be told to stop flow of critical components

    Wally Adeyemo walking in Kyiv
  • Wednesday, 29 May, 2024
    War in Ukraine
    Russia sanctions are ineffective, says Dubai trade hub chief

    Measures imposed on Moscow do not halt business but simply redirect it, DMCC chair says

    The Dubai skyline
  • Tuesday, 28 May, 2024
    Western business, the Kremlin and the war
    Western businesses backtrack on their Russia exit plans

    Companies such as Avon Products, Air Liquide and Reckitt remain in country as bureaucratic obstacles to leaving increase

    Illustration showing Vanish cleaning fluid, Air Liquide equipment and a toilet brush and container
  • Thursday, 23 May, 2024
    War in Ukraine
    Russian oligarch seeks damages from Luxembourg on $15bn assets

    Billionaire Mikhail Fridman demands compensation for sanctions under investor protection treaty

    Mikhail Fridman
  • Friday, 17 May, 2024
    European banks
    ECB pressures banks to speed up Russia exits on fear of US action

    Regulator has requested detailed plans from lenders including Italy’s UniCredit and Austria’s Raiffeisen

    Outside view of European Central Bank building
  • Wednesday, 15 May, 2024
    US Treasury threatens Austria’s Raiffeisen Bank over Russia unit

    Bank ditched asset-swap plan connected to oligarch Oleg Deripaska after letter warning of potential secondary sanctions

    People walk outside a Raiffeisen outlet in Moscow, Russia
  • Tuesday, 14 May, 2024
    Oleg Deripaska
    US imposes sanctions on entities involved in Raiffeisen’s aborted Deripaska deal

    The parties had conducted an ‘attempted sanctions evasion scheme’ connected to the Russian oligarch, Washington says

    Oleg Deripaska at an event in St Petersburg in 2021
  • Tuesday, 14 May, 2024
    Alexandra Prokopenko
    Putin’s trip to China may show US threats are wishful thinking

    They will privately brainstorm options for a sanctions-proof infrastructure before quietly implementing them

    People visit the booth of cross-border interbank payment system (Cips) during China International Financial Exhibition at Shougang Park last years in Beijing
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