Russian business

Wildberries sellers face losses after Ukrainian warehouse strikes

Russia could face a wave of bankruptcies among entrepreneurs who sold goods through the Wildberries marketplace and lost inventory in attacks on its logistics centers, Reuters reported on Aug. 7.

8 August, 11:17 AM

Drone strikes hit 12 of Wildberries' 15 biggest warehouses

Ukrainian drones struck a Wildberries logistics center in Russia's Vladimir Oblast on the morning of Aug. 3, making it the 12th of the company's 15 largest warehouses to be hit by drone strikes, according to Russian outlet Agentstvo Novosti.

3 August, 03:13 PM

Russian businesses warn Kremlin Wildberries strikes could drain tax revenue

Russian entrepreneurs are urging the Kremlin to provide tax relief and loan-payment deferrals to small and medium-sized businesses hit by Ukrainian strikes on Wildberries warehouses, warning that closures would cut tax revenue, The Moscow Times reported.

29 July, 06:51 PM

Russian business chief warns of fall bankruptcy wave

Russian businesses may face a wave of "autumn bankruptcies," driven by falling demand and heavy credit obligations amid a high key interest rate, Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs (RSPP), said on July 22, according to the Russian state news agency Interfax.

22 July, 05:38 PM

Drone strike hits warehouse park tied to Putin friend Roldugin

A new strike by Ukraine's Defense Forces on targets in Russia's Moscow Oblast damaged the Yuzhnye Vrata industrial park, which is controlled by a fund tied to Sergei Roldugin, a cellist and close friend of Russian President Vladimir Putin, the Telegram channel Agentstvo.News reported on July 20.

20 July, 02:44 PM

Russian enterprises face strict draft quotas or forced payouts to fund Putin's war

Regional authorities in Russia are forcing enterprises to either recruit their employees for the war against Ukraine or pay a "ransom" to hire replacement candidates, Dozhd opposition television channel reported on July 12.

13 July, 08:15 AM

Russian big tech firms sink deeper into debt as regulator raises concern

The debt load of Russia’s largest technology companies jumped 53% in 2025 to 2 trillion rubles ($27.1 billion), according to a Bank of Russia financial stability review cited by Frank Media on June 1.

3 June, 07:54 PM

More than 1,300 trademarks with Russian origin remain legally protected in Ukraine

More than 1,300 trademarks of Russian origin remain under legal protection in Ukraine, and 16 of them have had that protection extended since the start of Russia’s full-scale invasion, according to Opendatabot’s report dated June 3.

3 June, 03:54 PM

Russian retailers blunder in dark as largest market research company exits country

Nielsen, one of the largest consumer and market research companies in the world, is planning on selling its division in Russia, The Moscow Times reported on May 12.

12 May, 01:00 PM

Russian regions sink deeper into budget crisis after record deficits

Russia’s regional budget deficits, which reached a record high in 2025, are expected to widen further, Russian Finance Minister Anton Siluanov said, The Moscow Times reported.

27 April, 04:57 PM

Russia’s downturn hits business hard, leaving nearly 440,000 firms behind on taxes

Tax hikes and the start of Russia’s first economic downturn since 2023 have left hundreds of thousands of companies unable to pay taxes. In 2025, the number of companies with tax debt rose 12% to 391,800, and in the first quarter of 2026 it climbed by the same amount again, to 439,900, Forbes reported.

23 April, 08:06 PM

Russian economy shows worst performance since major sanctions, analysts confirm

Russia’s economy is experiencing systemic deterioration under the pressure of its own monetary policy, structural industrial degradation and exhausted consumer demand, with no key sector offering grounds for optimism, Ukraine’s Foreign Intelligence Service reported on April 13, citing the Institute of Economic Forecasting of the Russian Academy of Sciences.

14 April, 11:36 AM

Another Russian clothing retailer closes 35 stores amid profit collapse

Russian clothing retailer Zolla has closed 35 stores amid a sharp drop in profit, as the country’s fashion retail sector grapples with a deepening crisis that could lead to the shutdown of up to 40% of clothing stores in 2026, The Moscow Times reported on April 8.

8 April, 08:24 PM

Russia’s GDP shrinks 1.8% as 22 industries slide into decline

The Russian economy ended February with a decline. After a 2.1% drop in January, GDP contracted another 1.5% in February and 1.8% for the first two months of 2026 compared with the same period a year earlier, The Moscow Times reported on April 3, citing the State Statistics Service and the Ministry of Economic Development.

3 April, 03:55 PM

Ukraine seizes 25% stake in top railcar plant from Russian businessman

The High Anti-Corruption Court seized in favor of the state 25% of the shares in Ukraine’s largest railcar manufacturer, the Kriukiv Railway Car Manufacturing Plant, owned by Russian businessman Stanislav Gamzalov, according to the court announcement on Telegram on Jan. 14.

15 January, 10:47 AM

Ukrainian intel: Russian firms slash costs, shelve growth amid downturn

Russia’s economy is entering a protracted downturn, with companies increasingly reporting financial troubles, slashing spending, and shelving investment plans, Ukraine’s Foreign Intelligence Service said on Nov. 5.

5 November 2025, 06:30 PM

China moves in as Russian businesses flee Kazakhstan

The number of companies with Russian founders operating in Kazakhstan dropped by 728 in the second quarter of 2025, falling to 17,600. That’s the sharpest quarterly decline since early 2019, Kazakh outlet Kursiv Media reported on July 16.

17 July 2025, 01:29 PM

Russia’s sole TV brand ceases production

Russia’s only homegrown television, the Irbis, is no longer in production as the Voronezh-based Kvant factory has halted assembly due to lackluster demand, particularly from the state sector, The Moscow Times reported on April 9.

9 April 2025, 02:08 PM

Ariston comes full circle: Tech giant that served the USSR returns to Putin’s Russia

Ariston Group, a global leader in sustainable thermal comfort solutions, confirmed that by decree of Russian dictator Vladimir Putin, Ariston Holding N.V. has regained full ownership and operational control over its Russian subsidiary, Ariston Thermo Rus LLC.

27 March 2025, 11:16 AM

Russia sees Trump’s intent to restore ties and bring back Western business

The process of restoring business relations between the United States and Russia has begun, the head of VTB Bank, Andrei Kostin, said in an interview with CNN, Interfax wrote on March 25.

25 March 2025, 02:18 PM

Russian business

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