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Today: March 23, 2025
Today: March 23, 2025
Alexander Marrow

Alexander Marrow

Staff Writer

Latest From Alexander Marrow

Business|Economy|Europe|Finance|Political

Russia to revive privatisation drive with seven large stake sales

Russia's finance ministry on Tuesday said it intends to revive plans for privatisations of state assets and hopes to sell stakes in seven large

Russia to revive privatisation drive with seven large stake sales
Economy|Europe|Finance|Political|World

Rouble hits over six-month high after Ukraine pummels Moscow with drones

The Russian rouble strengthened to a more than six-week high against the dollar on Tuesday, buoyed by subdued imports and hopes for a resolution to the war in Ukraine,

Rouble hits over six-month high after Ukraine pummels Moscow with drones
Economy|Europe|Finance|Political|World

High spending pushes Russia's budget deficit to $31.5 billion in Jan-Feb

Soaring government spending pushed Russia's budget deficit to 2.70 trillion roubles ($31.45 billion) in the first two months of 2025, the finance

High spending pushes Russia's budget deficit to $31.5 billion in Jan-Feb
Business|Economy|Europe|Political

Russia's Severstal warns of construction risks as region bans migrant labour

Russian steelmaker Severstal on Friday slammed a decision by a regional governor to ban migrant workers in the construction industry and

Russia's Severstal warns of construction risks as region bans migrant labour
Business|Economy|Europe|Political|World

Russia's seizures offer warning to Western firms hoping for Trump-inspired return

One morning in October 2024, three men entered the Moscow headquarters of Glavprodukt, the largest maker of canned food in Russia.

Russia's seizures offer warning to Western firms hoping for Trump-inspired return
Business|Economy|Europe|Finance|Technology

Russia's Sberbank reports record 2024 profit of $18.1 billion

Russia's largest lender Sberbank reported on Thursday a record annual profit of 1.58 trillion roubles ($18.1 billion) after corporate and

Russia's Sberbank reports record 2024 profit of $18.1 billion
Business|Economy|Europe

Renault's Russia buyback to cost at least $1.3 billion, says Russia's Avtovaz

Should French carmaker Renault wish to buy back its majority stake in Russia's top carmaker Avtovaz, it would have to pay at least 112.5 billion

Renault's Russia buyback to cost at least $1.3 billion, says Russia's Avtovaz
Business|Economy|Europe|Political|World

After three years of war, Trump hands Russian economy a lifeline

Russia's overheating economy is on the cusp of serious cooling, as huge fiscal stimulus, soaring interest rates, stubbornly high inflation

After three years of war, Trump hands Russian economy a lifeline
Business|Economy|Europe|Finance|Political|World

Will Western companies return to Russia?

As Moscow and Washington discuss how to end the war in Ukraine, one of the many questions on investors' minds is whether the corporate exodus from Russia in

Will Western companies return to Russia?
Business|Europe|Finance|Political|World

Russia to widen asset seizing power with new legislation, sources say

Russia is set to widen its power to retaliate for Western asset seizures with new legislation that could allow it to confiscate the frozen

Russia to widen asset seizing power with new legislation, sources say
Economy|Finance|Political|World

Russia's budget deficit widens to $34.4 billion after late spending spree

Russia recorded a budget deficit of more than 3 trillion roubles for the third year running in 2024, the finance ministry said on Monday, with both

Russia's budget deficit widens to $34.4 billion after late spending spree
Business|Economy|Europe|Political|US

Trump's return adds new twist to Western firms' Russia exit dilemma

Hold or fold?

Trump's return adds new twist to Western firms' Russia exit dilemma
Economy|Finance|News|World

Exclusive-No default risk in event of Russian asset confiscation: Moody's, S&P say

Countries whose sovereign bonds were purchased by Russia would not be considered in default if Western governments

Business|Europe|Technology

US Xerox sells Russian operations to local management

Printer maker Xerox Holdings on Wednesday said it had sold its operations in Russia to local management for an undisclosed sum, becoming the latest Western business to

US Xerox sells Russian operations to local management
Business|Finance|News|World

Western investors spooked as Moscow mulls compulsory share purchase plan

Western investors in Russian companies are bracing for a new presidential decree under consideration in Moscow which

Western investors spooked as Moscow mulls compulsory share purchase plan
Asia|Business|Economy|Finance|Technology

Exclusive-Chinese car sales boom in Russia levels off amid shaky local recovery

Chinese car sales in Russia appear to have peaked as domestic production recovers after the exodus of Western automakers, data shared with

Exclusive-Chinese car sales boom in Russia levels off amid shaky local recovery
Europe|MidEast|News|World

Azerbaijan says border issues shouldn't get in way of peace deal with Armenia

Azerbaijan sees no major obstacles to securing a lasting peace treaty with its neighbour Armenia and believes the question of defining their borders can be

Azerbaijan says border issues shouldn't get in way of peace deal with Armenia
Economy|Europe|Finance|News

Russia to hold interest rates at 16% for third meeting running: Reuters Poll

Russia will keep interest rates on hold at 16% for the third meeting running on Friday, a Reuters poll showed on Monday, with inflation's

Russia to hold interest rates at 16% for third meeting running: Reuters Poll
Economy|Finance|News

Russian central bank warns of slower drop in inflation as it holds rates at 16%

Inflation is set to ease more slowly than previously thought, Russia's central bank said on Friday as it held its key

Russian central bank warns of slower drop in inflation as it holds rates at 16%
Economy|Finance|News|World

Russia can't match a Western asset seizure, but it can inflict pain

Russia's ability to mete out like-for-like retaliation if Western leaders seize its frozen assets has been eroded by dwindling foreign investment, but officials

Russia can't match a Western asset seizure, but it can inflict pain
Business|Economy|Finance

Tax hikes to give Russia fiscal headroom to further increase spending

Russia's proposed tax hikes for companies and the wealthy, which may add an extra $30 billion to next year's budget revenues, will allow

Tax hikes to give Russia fiscal headroom to further increase spending
Business|Economy|Finance|News|Stock Markets

Bank of Russia to keep benchmark rate at 16% on Friday, tighten rhetoric: Reuters poll

The Bank of Russia is likely to keep its benchmark interest rate at 16% on Friday but tighten its rhetoric, a Reuters poll showed on Monday

Bank of Russia to keep benchmark rate at 16% on Friday, tighten rhetoric: Reuters poll
Economy|News

Soaring wages, record-low unemployment underscore Russia's labour squeeze

Russia's unemployment rate dropped to a record-low 2.6% in April and real wages soared in March, data published by the federal statistics service

Soaring wages, record-low unemployment underscore Russia's labour squeeze
Asia|Business|Economy|Technology|World

Zeekr's sales jump as Chinese dominate Russian EV market

Sales of Zeekr electric vehicles have shot up in Russia in the last year, putting Chinese carmakers ahead of local competition in Russia's

Zeekr's sales jump as Chinese dominate Russian EV market
Business|Economy|Europe|Finance|US

Russia, hit by new US sanctions, halts dollar and euro trade on main bourse

New U.S. sanctions against Russia have forced an immediate suspension of trading in dollars and euros on its leading financial marketplace, the Moscow

Russia, hit by new US sanctions, halts dollar and euro trade on main bourse

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