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BUSINESSOct 7Russia asks Vietnam for planes as illegally re-registered Western fleet falls apartMoscow proposed wet-leasing Vietnamese aircraft, crews and maintenance, but any transfer would involve Airbus or Boeing jets, exposing Vietnamese carriers to secondary sanctions. Nearly a fifth of Russia's largest airlines' planes are already grounded, double the normal downtime rate.EuroNews [en]
BUSINESSOct 7Has Russia’s fuel crisis given Iranian oil an opening in Central Asia?Iran's oil exports have struggled amid a US blockade. A Russian energy crisis because of Ukrainian attacks could help.Al Jazeera [en]
BUSINESSOct 6Russian gold floods Hong Kong as sanctions shift bullion trade to Asia: reportA report indicates that Russian gold is increasingly being traded in Hong Kong, suggesting a shift in the global bullion market due to international sanctions. This highlights the adaptation of trade routes and financial flows in response to geopolitical pressures.Seeking Alpha Tech
BUSINESSOct 6UniCredit gets Putin’s approval to sell part of its Russian businessThe Italian bank plans to keep its international payments business while selling its other Russian operations. The approval contrasts with Moscow’s recent moves to place several Western companies’ local assets under temporary management.EuroNews [en]
BUSINESSOct 5Russian gold floods Hong Kong as Western sanctions redraw bullion tradeThe surge underscores how Russia's gold trade has been rerouted after its invasion of Ukraine in 2022 shut its producers out of major Western markets.CNBC
BUSINESSOct 5Putin authorizes Italian banking group UniCredit to spin off part of its Russian bank and sell the remaining businessVladimir Putin has signed an order allowing the Italian financial group UniCredit to restructure its Russian subsidiary, UniCredit Bank, and sell all of the subsidiary’s shares. The document was published on Russia’s legal information portal.Meduza [en]
BUSINESSOct 5Putin authorizes reorganization of UniCredit's Russian divisionIn May bank signed deal to sell part of AO Bank's assetsANSA [en]
BUSINESSOct 5Washington Capitals hockey star Alexander Ovechkin to launch his own beer brand in RussiaHockey player Alexander Ovechkin is launching his own beer brand, OVI, in Russia. Bochkarev Breweries will produce the beer, Kommersant reported.Meduza [en]
BUSINESSOct 5Tajikistan Taps Iran as Russian Fuel Runs DryDushanbe's emergency hedge against Russia's fuel crisis puts Tajikistan in the path of U.S. secondary sanctions.The Diplomat
BUSINESSOct 4Russia’s nuclear plants are ageing. Who will pay to dismantle them?Moscow faces a huge decommissioning bill at home even as it expands its nuclear industry abroad.Al Jazeera [en]
BUSINESSOct 4Russians Snap Up Chinese E.V.s as Ukrainian Attacks Make Fuel ScarceAs Ukraine increasingly takes the war to Russia, the effects may be most visible on the roads.NYT World
BUSINESSOct 2German retailer Globus stayed in Russia after the full-scale invasion. Now its Russian arm has put former German Chancellor Gerhard Schröder on its supervisory board.Former German Chancellor Gerhard Schröder has joined the supervisory board of Giperglobus LLC, which operates the Globus hypermarket chain in Russia. He will help manage the business and guide its strategic development in Russia, a spokesperson for the chain told RBC.Meduza [en]
BUSINESSOct 2New Russian Mobilization Could Leave Low - Skill Workers Poorer , KSE Institute SaysA new Russian mobilization could lead to lower economic status for low-skill workers, according to the KSE Institute.kyivpost.com · Ukraine
BUSINESSOct 1Money transfers between Russia and Kazakhstan fall nearly 12-fold after EU sanctions on Zolotaya Korona payment serviceMoney transfers between Russia and at least two former Soviet republics — Kazakhstan and Georgia — fell sharply after the EU imposed sanctions on the operator of the Zolotaya Korona payment system in late July, according to data from regulators in both countries reviewed by RBC.Meduza [en]
BUSINESSSep 30The West tried to rein in Russian oil . What went wrongThis article examines the attempts by Western nations to control Russian oil exports and analyzes the reasons for their perceived shortcomings. It addresses the effectiveness of international economic sanctions and their geopolitical implications.shanghainews.net · China
BUSINESSSep 30Russian cosmetics brand Mixit’s CEO faces fraud charges amid dispute with former employee who says she co-founded the brandOleg Pai, CEO of Mixit, one of Russia’s most recognizable and successful cosmetics brands, was detained in Moscow on September 19. He is accused of fraud, and a court placed him under house arrest. Mixit co-founder Yelena Nazarova linked his detention to a corporate dispute. “We don’t understand how a civil dispute with our former employee could have turned into a criminal investigation. We see this as pressure on our business, as an attempt to seize control of the company,” she said. Forbes reported on the dispute with the former employee and how it might have led to Pai’s detention. Meduza sMeduza [en]
BUSINESSSep 30Russian police reportedly investigate organizer of canceled Kanye West concerts in St. Petersburg for possible fraudPolice are looking into possible fraud involving Moscow-based Say Agency, which was organizing concerts in Russia for rapper Kanye West, also known as Ye, Kommersant reported, citing an anonymous source.Meduza [en]
BUSINESSSep 29Europe businesses are paying for Russia hybrid war – POLITICOEuropean businesses are reportedly bearing the costs of Russia's hybrid warfare, according to Politico. This highlights the economic consequences of geopolitical conflict on a regional business landscape.politico.eu · United States
BUSINESSSep 29Europe’s businesses are paying for Russia’s hybrid warThe continent is finally naming Moscow's gray-zone aggression for what it is. Now it has to deal with the bill.Politico Europe
BUSINESSSep 28Distrust, precarity… In Russia, more and more savers are withdrawing their money from banksLe montant de monnaie en liquide ne cesse de progresser depuis le début de l’année. Alors que les rumeurs d’une mobilisation se propagent, un tel indicateur révèle notamment le niveau de confiance de la population envers ses dirigeants.Le Figaro International
BUSINESSSep 28Bloomberg: Hungary’s OTP Bank considers a full Russia exit as regulators review its purchase of Baltic lender LuminorHungary’s OTP Bank is considering a complete exit from Russia, Bloomberg reported. The bank has continued operating there since Russia’s full-scale invasion of Ukraine, but its Russian business could hinder approval of its planned purchase of Baltic lender Luminor Bank.Meduza [en]
BUSINESSSep 27Russia's finance ministry raises taxes to bolster Putin's military budgetMore frequent long-range strikes by the Ukrainian armed forces on strategically important targets, as well as growing spending to counter these attacks, are further deepening Russia's budget deficit.EuroNews [en]
BUSINESSSep 25EDF faces legal action over France’s continuing nuclear ties with RussiaFrance’s continuing reliance on Russia for part of its nuclear fuel cycle is facing a new legal challenge, with Greenpeace seeking to force French state electricity company EDF to address the environmental, health and human rights implications of its dealings with Russian state nuclear group Rosatom.RFI [en]
BUSINESSSep 25Raising taxes on passive income could bring Russia’s budget an additional 700 billion rubles a year, economist saysApplying Russia’s progressive personal income tax to income from deposits, dividends, investments, and property sales could bring the budget roughly 500–700 billion rubles in additional revenue a year, economist Dmitry Polevoy estimated.Meduza [en]
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