russia
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Business
Europe gas prices rise 60% in two weeks as Russia reduces supply
On June 16, natural gas prices reach as high as €124.36 at closing, the highest closing level since March 31…
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Business
Russia becomes China’s largest oil supplier
World’s biggest crude oil importer country purchased about 8.42 million tonnes of crude oil in May, up 55% from May…
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Business
Chipmakers brace for more trouble as Russia limits exports of rare gases
The semiconductor industry just can’t catch a break. After grappling with pandemic-fueled supply bottlenecks, chipmakers are facing a new headache:…
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Business
Turkish, Chinese investors could hunt for UniCredit’s Russian business
Italian bank UniCredit has widened its search for a buyer for its Russian business beyond local investors, as it steps…
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Business
Russia’s new car sales plunge 83.5% in May
Sales of all car brands drop in double digits year-on-year amid sanctions over Ukraine war New car sales dropped dramatically…
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Business
Russian manufacturing production up in May, but exports keep falling
PMI climbs to 50.8 in May, up from 48.2 in April, backed by slower declines in output, new orders, employment…
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Business
McDonald’s new brand name in Russia could be ‘Fun and Tasty’
McDonald’s in Russia has registered possible brand names for the firm taking over its fast-food restaurants there, including “Fun and…
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Business
British retailer Marks & Spencer fully exits Russia
Firm faces $38.7M cost for its withdrawal from Russia over war in Ukraine The UK-based retail giant Marks & Spencer…
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Business
Russian shopping centers invite Turkish retailers
Russia’s shopping centers are hoping that Turkish retailers can step in to fill the large gap left by Western companies…
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Business
Global companies continue to abandon Russia
Over 100 Western companies have left the Russian market or suspended their operations since Moscow started its war on Ukraine…
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