Russia Economic and Financial News
Russia advances military satellite network as Putin praises Musk
Russia is pushing ahead with its Rassvet satellite communications system as Moscow seeks a domestic alternative to Starlink for military use in its war against Ukraine. The effort remains far ...
Yandex withdraws 2026 outlook after attacks as third-quarter revenue rises
Yandex is pulling its 2026 revenue and earnings forecast after attacks on data centres in October complicate visibility for the rest of the year. The Russian internet company still reports ...
Russia factories use North Korean labor network, report says
Russia is using North Korean workers in factories across agricultural and manufacturing regions, underscoring a broader expansion of economic ties between Moscow and Pyongyang. The labor ...
Russia opens Arctic grain export route as Black Sea trade stalls
Disruption to Russia's traditional seaborne grain corridors is pushing exporters to test new logistics options beyond the Black Sea and Baltic routes. The shift includes a first grain shipment ...
UK says Russia’s war spending rises as battlefield gains slow in Ukraine
Britain is intensifying pressure on Moscow over the economic and military costs of its war in Ukraine at a security forum in Vienna. The UK argues that Russia is diverting a growing share of its ...
Extreme Networks settles OFAC export violations case for $1.53 million
U.S. sanctions enforcement action is targeting exports of networking equipment and related services to a blocked Russian defense manufacturer. The case covers nine shipments from the United States ...
Russia western port oil exports forecast to fall in November
Russia's crude shipments from Baltic and Black Sea ports are expected to decline in November as domestic refiners raise processing after maintenance ends. The shift also reflects stronger diesel ...
Beiersdorf keeps Russia operations as partner dispute hits third-quarter sales
More than four years after Moscow's invasion of Ukraine, Beiersdorf says it is maintaining its presence in Russia as part of its effort to safeguard the Nivea brand. The stance comes after a ...
Europe seeks strategic autonomy in Arctic security push
Europe is trying to strengthen its position in the Arctic as competition among major powers expands across defence, technology and critical infrastructure. The debate goes beyond surveillance in ...
Russian refiners raise diesel output as export quotas support U.S. supply deal
Russia's diesel producers are increasing output in October as export quotas begin to ease the impact of the country's fuel export ban. The move follows Moscow's supply agreement with the U.S. and ...
Black Sea shipping risks surpass Gulf as attacks kill more sailors
Escalating attacks linked to the Russia-Ukraine war are making the Black Sea the deadliest route for merchant sailors this year. The corridor, vital for grain exports and Russian oil flows, is now ...
Nestlé removes Russian unit from accounts after Kremlin takeover
Nestlé is removing its Russian business from consolidated results after losing operational control under a Kremlin order issued in September 2026. The change cuts SFr1.6 billion of net assets ...
Oil markets hold steady as Russia-Ukraine talks and U.S. stock draw pull crude in opposite directions
Crude prices are trading near multi-month highs on Wednesday as investors balance easing hopes around Russia-Ukraine negotiations against persistent supply risks in the Middle East. The market is ...
Russia oil tax price rises above budget assumption in October
Higher global crude prices and a firmer rouble are lifting the rouble-denominated price of Russian oil used for tax calculations in October. The increase is running about 60% above the level built ...
Russia intensifies pressure on European companies while U.S. firms are largely spared
Russia is tightening its use of temporary administration against foreign companies as its economic and diplomatic relationships diverge sharply between Europe and the United States. The pattern ...
Russia diesel exports slump as Ukraine drone strikes hit oil infrastructure
Escalating Ukrainian drone attacks on Russian energy assets are tightening diesel supply in a market already strained by wider geopolitical disruptions. The campaign is undermining efforts to ...
Russia frees U.S. citizen as envoy advances Ukraine war proposals
A renewed U.S. diplomatic push on Ukraine coincides with Moscow's release of an American detainee during Steve Witkoff's latest visit to Russia. The move comes as Washington seeks to revive talks ...
Russia proposes trilateral summit on Ukraine talks at APEC meeting
Diplomatic contacts around the Ukraine war are expanding as Moscow explores a possible three-way meeting with the leaders of the U.S. and China. The proposal emerges as ties between President ...
Oil market prices hover near highs as Russia and Gulf attacks raise supply risk
Crude prices remain near recent peaks as renewed attacks on energy infrastructure in Russia and on tankers in the Persian Gulf keep supply security in focus. Brent trades below $109 a barrel while ...
St Petersburg attack expands risks for Russia's energy and logistics infrastructure
Ukraine is carrying out its largest drone attack yet on St Petersburg, hitting energy, logistics and technology assets as fighting over critical infrastructure intensifies. The strikes come as ...
Russian shadow fleet adopts coordinated AIS spoofing in Black Sea operations
Russia’s sanctioned oil tanker network in the Black Sea is using a more sophisticated form of location spoofing to conceal voyages and reduce exposure to attack. The pattern suggests Moscow is ...
