business

One in three Russian clothing retailers reported losses in 2025

Russian clothing retailers are increasingly falling into the red as consumers tighten spending, with 34% of mass-market chains and 40% of premium brands reporting losses in 2025, up sharply from 2022, The Moscow Times reported on July 6.

6 July, 01:39 PM

Belarus raises gasoline exports to Russia to a record high in June

Belarus increased gasoline supplies to the Russian market to a record high in June, Russian business daily Vedomosti reported, as Moscow sought to offset domestic fuel shortages on July 6.

6 July, 10:41 AM

Heat wave drives electricity demand and power prices higher across Europe

June's heat wave across Europe drove a sharp rise in electricity demand and wholesale power prices, exposing the growing strain climate change and expanding air conditioning use are placing on the region's energy systems, Euronews reported on July 4.

4 July, 04:05 PM

Interpol hunts Ukrainian woman in Monaco assassination attempt on tycoon

The International Criminal Police Organization (Interpol) issued a wanted notice for Ukrainian citizen Anastasiia Berezovska on July 3. She is suspected of involvement in an assassination attempt on Ukrainian businessman Vadym Iermolaiev in Monaco, according to information on Interpol’s website.

3 July, 05:17 PM

Russia turns to India for gasoline imports amid fuel crisis

Russia has begun importing gasoline by sea from India to ease fuel shortages caused by Ukrainian strikes on its energy infrastructure, Reuters reported, citing industry and trade sources on July 1.

1 July, 06:48 PM

Ukraine receives first €3.9 billion EU defense loan tranche

Ukraine has received 3.9 billion euros from the European Union under the first defense tranche of the Ukraine Support Loan program, with the funds transferred to the state budget's special fund, the Finance Ministry said on June 30.

30 June, 05:44 PM

Kyiv court returns major granite deposit to the state

A commercial court in Kyiv has invalidated the results of a State Service of Geology and Subsoil electronic auction for a granite deposit in Ukraine's Zaporizhzhia Oblast, along with the resulting sales contract and special permit, the Prosecutor General's Office said on June 30.

30 June, 04:37 PM

Nova Post launches largest logistics hub in Moldova with 10,000-parcel capacity

Nova Post has opened its largest logistics hub in Moldova near Chisinau, expanding its delivery network with a facility capable of processing up to 10,000 parcels per hour, the company said on June 30.

30 June, 12:29 PM

Residents of occupied Crimea report layoffs and unpaid leave

Residents of Russian-occupied Crimea have reported layoffs, unpaid leave and mounting business difficulties in comments under posts by Moscow-installed regional head Sergey Aksyonov, the Russian outlet Agenstvo reported on June 28.

28 June, 07:23 PM

Oschadbank and EBRD sign financing deal worth up to €510 million

Oschadbank and the European Bank for Reconstruction and Development signed an agreement at the Ukraine Recovery Conference 2026 in Gdansk to launch a new risk-sharing program aimed at expanding financing for Ukrainian businesses on June 25.

25 June, 06:05 PM

Chinese state refiners may resume Iranian oil imports after seven-year break

Chinese state-owned refiners are considering resuming purchases of Iranian crude oil, but ample alternative supplies and weaker domestic fuel demand are limiting their interest, Reuters reported, citing sources on June 25.

25 June, 03:37 PM

Ukrzaliznytsia to manage three seized Belarusian Railways locomotives

Ukraine's Cabinet of Ministers has approved the transfer of three seized Belarusian Railways locomotives to state rail operator Ukrzaliznytsia, the Economy Ministry said on June 25.

25 June, 01:32 PM

Oil prices fall as tanker traffic returns to the Strait of Hormuz

Oil prices extended losses after falling in the previous session as markets focused on the resumption of tanker traffic through the Strait of Hormuz following U.S.-Iran peace talks, with Brent crude futures down 0.3% to $77.70 a barrel on June 22.

23 June, 12:55 PM

Russian Central Bank chief warns of inflation pressure after strikes

Russian Central Bank Governor Elvira Nabiullina said inflation expectations could rise due to higher fuel prices following Ukrainian strikes on Russian oil refineries, according to remarks made after her return to public appearances following a two-week absence.

19 June, 06:00 PM

Ukrainian banks outpace Europe in digitalization – PrivatBank

Ukraine's banking sector has not only remained competitive during wartime but in many areas surpasses European Union countries in digitalization, PrivatBank board member Dmytro Musienko said at NV's Great Digital Transformation event on June 19.

19 June, 04:28 PM

Ukraine lists industrial complex near Polish border for $5.5 million

An industrial site in the city of Volodymyr, near Ukraine's border with Poland, has been put up for sale for $5.5 million, according to a listing reported by InVenture on June 17.

17 June, 12:55 PM

Fuel sale limits now affect one in four Russian gas stations

Restrictions on gasoline sales have spread nationwide across Russia, with fuel station chains representing about 25% of the country's gas stations introducing limits, according to an analysis by Agenstvo on June 17.

17 June, 11:40 AM

Cabinet backs Ukraine's mining development plan to 2056

Ukraine's Cabinet of Ministers has approved a minerals-based industrial development strategy through 2056, along with an operational plan for 2026-2028 aimed at advancing the country's resource-driven economic potential.

13 June, 12:54 PM

Oil prices fall after Trump backs away from Iran strike plans

Oil prices fell by more than $1 a barrel on Thursday, extending losses from the previous session after U.S. President Donald Trump backed away from plans to strike Iran, easing fears of further escalation following reciprocal attacks earlier this week, Reuters reported on June 12.

12 June, 12:37 PM

Japan to end reliance on Strait of Hormuz for oil imports from July

Japanese Prime Minister Sanae Takaichi said Japan will source all of its crude oil imports from suppliers outside the Strait of Hormuz starting in July, as the country seeks to reduce its exposure to geopolitical risks, Bloomberg reported on June 11.

11 June, 07:02 PM

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