Latest Business News from Russia

Kvartal Faces Bankruptcies and Criminal Cases Amid Power OutagesKvartal Faces Bankruptcies and Criminal Cases Amid Power Outages
Kvartal Faces Bankruptcies and Criminal Cases Amid Power OutagesWe investigate how the scandalous firm is linked to a major waste operator and why its director and co-owner face trial.
Yakutian Platform Owes 734,000 Rubles to Indigenous TheaterYakutian Platform Owes 734,000 Rubles to Indigenous Theater
Yakutian Platform Owes 734,000 Rubles to Indigenous TheaterThe management of the Yakutian app Most has gone silent as it owes over 734,000 rubles (about $7,700 at current rates) to the Theater of Indigenous Minorities of the North for sold tickets.
Tsenalom Chain Faces Bankruptcy ClaimTsenalom Chain Faces Bankruptcy Claim
Tsenalom Chain Faces Bankruptcy ClaimEntrepreneur Alexei Klimenkov has filed a bankruptcy claim against the Krasnoyarsk discount chain Tsenalom, which was among the top 10 in revenue.
Vote for the Best in 29.RU People's AwardVote for the Best in 29.RU People's Award
Vote for the Best in 29.RU People's AwardFrom each top ten semifinalists, which company do you trust the most? Vote now in the 29.RU People's Award to choose the winner in each category.
24-hour Chita store loses license for night alcohol sales24-hour Chita store loses license for night alcohol sales
24-hour Chita store loses license for night alcohol salesComplaints to the governor prompted a raid on a Chita 24-hour store, leading to the suspension of its alcohol license for illegal night sales.
What Are the Million-Dollar NFTs Worth Now?What Are the Million-Dollar NFTs Worth Now?
What Are the Million-Dollar NFTs Worth Now?The NFT market has experienced a massive crash, and many digital assets bought for millions have sharply depreciated. Only a few projects that managed to turn into sustainable brands survived.
Wildberries to Open Logistics Complex in SaratovWildberries to Open Logistics Complex in Saratov
Wildberries to Open Logistics Complex in SaratovThe first phase of a new logistics complex in Saratov, designed for 23 million units of goods, will begin operations soon.
After Putin Tasted Pies, Bakery Faces Tax SpikeAfter Putin Tasted Pies, Bakery Faces Tax Spike
After Putin Tasted Pies, Bakery Faces Tax SpikeA month after Putin tasted his pies on live TV, the owner of a small Moscow-region bakery is battling a 50-fold tax increase that threatens to shut him down.
Interview: The Hard Truth About Funeral BusinessInterview: The Hard Truth About Funeral Business
Interview: The Hard Truth About Funeral BusinessWe spoke with Kirill Nazarov, owner of funeral service Zavet, about how scammers exploit grieving families and the dark side of the funeral industry.
Gold and Silver Mining to Start in Oymyakonsky District, YakutiaGold and Silver Mining to Start in Oymyakonsky District, Yakutia
Gold and Silver Mining to Start in Oymyakonsky District, YakutiaThe OKTO Gold group has announced a tender for developing the Khangalas gold deposit in Yakutia's Oymyakonsky District, with reserves of over 8 tonnes of gold and 13 tonnes of silver.
Black Funeral Agents Pay for Death InformationBlack Funeral Agents Pay for Death Information
Black Funeral Agents Pay for Death InformationIn Omsk, 'black' funeral agents pay emergency services 20,000 to 50,000 rubles ($210 to $530 at current rates) for information about deaths, and funeral service owner Kirill Nazarov warns of scams.
St. Petersburg Industrial Production Grows 5.4% in 2025
St. Petersburg Industrial Production Grows 5.4% in 2025The industrial production index for St. Petersburg in 2025 reached 105.4%. The data was published by Petrostat on 4 February.
Police Raid Bars on Nekrasova Street
Police Raid Bars on Nekrasova StreetLaw enforcement conducted an inspection of drinking establishments on Nekrasova Street in St. Petersburg on February 4, during which they confiscated alcoholic tinctures.
Jeland at the Start: New Car Brand InfoJeland at the Start: New Car Brand Info
Jeland at the Start: New Car Brand InfoAGR Holding announced the launch of a new automotive brand Jeland in partnership with Chinese Defetoo. Production at the former GM plant in Shushary will begin in the first half of 2026.
Arkhangelsk Entrepreneurs Share Secret to Public LoveArkhangelsk Entrepreneurs Share Secret to Public Love
Arkhangelsk Entrepreneurs Share Secret to Public LoveEntrepreneurs from Arkhangelsk shared the secrets of winning public love at the semifinal of the People's Award, where residents selected the most trusted companies.
Finalists Turn to Stickers and Videos for VotesFinalists Turn to Stickers and Videos for Votes
Finalists Turn to Stickers and Videos for VotesFinalists of the 29.RU People's Award are using creative tactics, from stickers to viral videos, to encourage voting. Here are examples from top companies.
St Petersburg commercial realty investments fall, auctions riseSt Petersburg commercial realty investments fall, auctions rise
St Petersburg commercial realty investments fall, auctions riseTotal investments in commercial real estate of St. Petersburg and Leningrad Region in 2025 amounted to 75.1 billion rubles ($834 million at current rates), which is 8.5% less than in the previous year. Meanwhile, the share of auction deals increased significantly.
Aviation Expert: S7 Tu-214 Deliveries Not Before 2029Aviation Expert: S7 Tu-214 Deliveries Not Before 2029
Aviation Expert: S7 Tu-214 Deliveries Not Before 2029S7 Airlines will receive 100 Tu-214 aircraft from the Kazan Aviation Plant, but serial deliveries will not begin until 2029.
Kuzina Opens New Outlet After Years of DeclineKuzina Opens New Outlet After Years of Decline
Kuzina Opens New Outlet After Years of DeclineKuzina, once Novosibirsk's largest coffee chain, has opened its first new pastry shop in years after a period of decline marked by lawsuits and employee complaints.
Bashkiria to Build 49-Million-Ruble Tourist BaseBashkiria to Build 49-Million-Ruble Tourist Base
Bashkiria to Build 49-Million-Ruble Tourist BaseThe project for a 49-million-ruble tourist base in the Burzyansky District has been included in the priority investment list of Bashkiria, with support from regional authorities.
Omsk Lake to Be Leased for Commercial FishingOmsk Lake to Be Leased for Commercial Fishing
Omsk Lake to Be Leased for Commercial FishingResidents of Omsk Region have been asked to weigh in on a proposal to lease one of the region's lakes for commercial fishing, after which recreational fishing would be banned.
Owner to repurpose Daursky meat plant in KrasnokamenskOwner to repurpose Daursky meat plant in Krasnokamensk
Owner to repurpose Daursky meat plant in KrasnokamenskThe owner of the Daursky meat processing plant in Krasnokamensk, Zabaykalsky Krai, plans to repurpose the facility. Reasons for halting sausage production were given on February 4.
Kazan Tu-214 Serial Deliveries Begin in 2029Kazan Tu-214 Serial Deliveries Begin in 2029
Kazan Tu-214 Serial Deliveries Begin in 2029The United Aircraft Corporation (UAC), the transport leasing company GTLK, and S7 Group have signed a memorandum for the supply of 100 Tu-214 aircraft at the civil aviation infrastructure exhibition, with serial deliveries set to begin in 2029.
Entrepreneurs in Kurgan Region Added to Special RegisterEntrepreneurs in Kurgan Region Added to Special Register
Entrepreneurs in Kurgan Region Added to Special RegisterEntrepreneurs in Kurgan Region are increasingly being added to the federal register of dishonest suppliers, with 110 entries in 2025 — twice as many as the previous year, the local antimonopoly service reports.
Polar Geological Expedition Closed Over 300 Million Ruble DebtPolar Geological Expedition Closed Over 300 Million Ruble Debt
Polar Geological Expedition Closed Over 300 Million Ruble DebtThe Polar Marine Geological Exploration Expedition ceases operations on February 12. The liquidation was caused by a debt of nearly 300 million rubles for repairs to a research vessel.