Russian business

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

Russia expropriates major lead and zinc producer in Far East

A Russian court has nationalized the assets of Dalpolimetall Mining Company (MMC Dalpolimetall), a significant producer of lead and zinc, after the Prosecutor General’s Office of Russia filed a lawsuit. The company was controlled by Eduard Yanakov, a former State Duma member from the ruling United Russia party, The Moscow Times reported on March 18.

18 March 2025, 02:53 PM

EU extends sanctions against Russian individuals and entities for another six months

The European Union member states have agreed to extend for another six months the sanctions imposed on Russian individuals and legal entities due to the war against Ukraine, Interfax-Ukraine reported on March 14.

14 March 2025, 01:58 PM

Russia accuses Kyrgyzstan of unlawful actions against its companies

Russian Prime Minister Mikhail Mishustin has accused Kyrgyzstan of unlawful actions and extortion against Russian companies operating in the country, Russian business outlet Kommersant reported on Jan. 31.

1 February 2025, 01:37 PM

Russia’s rail sector faces worst downturn since 2008

Russia’s state-owned railway monopoly, Russian Railways, faces a third consecutive year of sharp freight transport declines, driven by Western sanctions, the Moscow Times news agency wrote on Jan. 9.

10 January 2025, 01:02 PM

Disney and Sony receive millions from Russian business after war outbreak

Disney and Sony reportedly received £13.5 million (approximately $17 million) in payments from their Russian joint venture despite suspending operations in Russia in post-2022 period, the Telegraph wrote on Jan. 5.

6 January 2025, 02:18 PM

Chechen puppet leader Kadyrov demands shutdown of beauty salons over inappropriate photos

Chechen warlord Ramzan Kadyrov has demanded the closure of beauty salons that advertise their services using photos of models in poses "unacceptable for Muslim women", The Moscow Times reported on Dec. 15.

17 December 2024, 06:54 PM

U.S. secondary sanctions trigger wave of Russian account freezes in Chinese banks

Russian companies are facing a significant increase in the blocking of their accounts in Chinese banks due to matching legal addresses with sanctioned organizations, Ukrainian business news outlet Liga.net reported on Nov. 19.

20 November 2024, 10:14 AM

Russian businessmen reap billions in dividends as brutal war against Ukraine continues – Bloomberg

Russian tycoons have received billions of dollars in dividends as their companies resumed or increased payouts amid easing economic uncertainty over Russia's war against Ukraine, Bloomberg reported on July 9.

9 July 2024, 02:17 PM

Lithuanian surimi manufacturer Vici to sell its Russian business

Lithuania's Viciunai Group, which produces Vici crab sticks, is preparing to sell its Russian business, Russian business news outlet Kommersant reported on April 8, citing a report by Viciunai-Rus.

9 April 2024, 01:48 PM

Romanian company linked to Russians wanted by Ukraine – NV investigation

Romania is building a gas purification plant, which may be linked to Russian businesspeople charged by Ukrainian prosecutors and whose Odesa-based enterprise has been seized by the courts at the request of Ukraine’s SBU security service.

8 April 2024, 09:40 PM

Russian business

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