Latest Business News from Russia

St. Petersburg Offers Standard Holiday Facade DecorationsSt. Petersburg Offers Standard Holiday Facade Decorations
St. Petersburg Offers Standard Holiday Facade DecorationsSt. Petersburg authorities have prepared standard facade decoration options for New Year and March 8, which can be placed without additional approval.
Smolny Establishes Facade Decoration RulesSmolny Establishes Facade Decoration Rules
Smolny Establishes Facade Decoration RulesAmendments to St. Petersburg's landscaping rules regulating holiday facade decorations are under discussion. Using standard templates will eliminate the need for additional approvals.
Two Carnations at the Door: Closure of Rostov Coffee Shop Sparks ScandalTwo Carnations at the Door: Closure of Rostov Coffee Shop Sparks Scandal
Two Carnations at the Door: Closure of Rostov Coffee Shop Sparks ScandalBusiness is incurring losses while social media looks for those to blame.
T-Technologii to Fully Consolidate Tochka Bank by 2026T-Technologii to Fully Consolidate Tochka Bank by 2026
T-Technologii to Fully Consolidate Tochka Bank by 2026The T-Technologii group intends to acquire up to 100% of the shares of digital bank Tochka in autumn 2026. In parallel, the company has proposed a stock split in a 1:10 ratio.
Legendary No Problem Bar in Krasnoyarsk for SaleLegendary No Problem Bar in Krasnoyarsk for Sale
Legendary No Problem Bar in Krasnoyarsk for SaleThe legendary No Problem Bar in Krasnoyarsk's center is up for sale, following a change in ownership during the summer.
St. Petersburg and Leningrad Region Second in Russian Digitalization Ranking
St. Petersburg and Leningrad Region Second in Russian Digitalization RankingSt. Petersburg and the Leningrad Region have taken second place in the nationwide rating of business digitalization levels, losing out only to the capital, according to 2025 data from MTS analysts.
Why Computer Clubs Are Thriving Again in Tyumen and Who Owns ThemWhy Computer Clubs Are Thriving Again in Tyumen and Who Owns Them
Why Computer Clubs Are Thriving Again in Tyumen and Who Owns ThemMajor and well-known entrepreneurs have entered the gaming business in Tyumen.
St. Petersburg Taxis Demand Equal Rights with Federal CompetitorSt. Petersburg Taxis Demand Equal Rights with Federal Competitor
St. Petersburg Taxis Demand Equal Rights with Federal CompetitorSt. Petersburg parliamentarians plan to appeal to federal authorities with an initiative to add local taxi services to the 'white list,' which would allow them to operate during mobile internet outages.
Four Industrial Parks Operating in Tyumen RegionFour Industrial Parks Operating in Tyumen Region
Four Industrial Parks Operating in Tyumen RegionThe regional government announced the establishment of four industrial zones. Two were set up in 2016, and the other two in 2025.
Industrial parks count in Tyumen region revealed by authoritiesIndustrial parks count in Tyumen region revealed by authorities
Industrial parks count in Tyumen region revealed by authoritiesAuthorities have revealed that four industrial parks are located across the vast territories of the Tyumen region.
St. Petersburg Taxis Demand White List Inclusion
St. Petersburg Taxis Demand White List InclusionSt. Petersburg taxi services have requested to be included in the white list of the Ministry of Digital Development to operate during internet shutdowns. This was reported by Alexei Tsivilev, head of the transport commission of the city's Legislative Assembly.
Florinskiy Restaurant in Yekaterinburg to Close in FebruaryFlorinskiy Restaurant in Yekaterinburg to Close in February
Florinskiy Restaurant in Yekaterinburg to Close in FebruaryThe establishment, opened in 2024, will cease operations on February 7. The closure was confirmed by the venue without specifying the reasons.
Florinskiy Restaurant in Yekaterinburg Center to CloseFlorinskiy Restaurant in Yekaterinburg Center to Close
Florinskiy Restaurant in Yekaterinburg Center to CloseThe Florinskiy restaurant in Yekaterinburg, which opened in 2024 and is housed in a historic mansion restored by an oligarch, will cease operations on February 7.
Cherries in Yekaterinburg Priced Like Red CaviarCherries in Yekaterinburg Priced Like Red Caviar
Cherries in Yekaterinburg Priced Like Red CaviarLarge imported cherries have arrived in the city, with prices reaching 5,500 rubles (about $61 at current rates) per kilogram.
Leonid Mikhelson Ranks 95th in Bloomberg Billionaires IndexLeonid Mikhelson Ranks 95th in Bloomberg Billionaires Index
Leonid Mikhelson Ranks 95th in Bloomberg Billionaires IndexLeonid Mikhelson has taken 95th place in the Bloomberg Billionaires Index. His fortune has grown by $1.93 billion since the start of 2026.
Huge Cherries Brought to Yekaterinburg at Caviar PricesHuge Cherries Brought to Yekaterinburg at Caviar Prices
Huge Cherries Brought to Yekaterinburg at Caviar PricesThe city's most expensive cherries, imported and priced comparably to red caviar, are now available in Yekaterinburg.
SIBUR main shareholder Leonid Mikhelson re-enters world's top 100 richestSIBUR main shareholder Leonid Mikhelson re-enters world's top 100 richest
SIBUR main shareholder Leonid Mikhelson re-enters world's top 100 richestLeonid Mikhelson, co-owner of Novatek and main shareholder of SIBUR, has returned to the top 100 richest people globally, ranking 95th in Bloomberg's list as of early February.
Ural-based Zhiznmart chain exits St. Petersburg
Ural-based Zhiznmart chain exits St. PetersburgThe Yekaterinburg-based grocery chain Zhiznmart has significantly reduced the number of its stores in St. Petersburg. Currently, only one franchised store remains in the city.
Pulkovo Airport's new logo by Artemy Lebedev draws mixed reviewsPulkovo Airport's new logo by Artemy Lebedev draws mixed reviews
Pulkovo Airport's new logo by Artemy Lebedev draws mixed reviewsPulkovo Airport has presented a new logo designed by Artemy Lebedev Studio. Residents of St. Petersburg are actively discussing the design, finding both merits and flaws in it.
Perfume chain Parfum-Lider cuts stores in TyumenPerfume chain Parfum-Lider cuts stores in Tyumen
Perfume chain Parfum-Lider cuts stores in TyumenOnly three stores of the Parfum-Lider chain now remain in the Tyumen region.
Well-known perfume chain closes its stores in TyumenWell-known perfume chain closes its stores in Tyumen
Well-known perfume chain closes its stores in TyumenThe Perfume-Lider cosmetics chain is shutting down its stores in Tyumen and the surrounding region, with only three locations remaining.
Chery transfers Omoda production to AGR plant in St. Petersburg
Chery transfers Omoda production to AGR plant in St. PetersburgThe AGR group plans to set up assembly of Omoda crossovers at the former General Motors plant in St. Petersburg in 2026.
Married at 10, father at 14: Romani man's dual life in YekaterinburgMarried at 10, father at 14: Romani man's dual life in Yekaterinburg
Married at 10, father at 14: Romani man's dual life in YekaterinburgMaxim Ditsa became a grandfather by age 30 while running a bar business and adhering to Romani traditions in Yekaterinburg.
Chelyabinsk Residents Angered by Wildberries Pick-Up Point in Closed CourtyardChelyabinsk Residents Angered by Wildberries Pick-Up Point in Closed Courtyard
Chelyabinsk Residents Angered by Wildberries Pick-Up Point in Closed CourtyardResidents of a Chelyabinsk courtyard are outraged over plans to open a Wildberries delivery point in their enclosed area, fearing privacy breaches. Marketplace representatives, the management company, and a lawyer explain the legal and community implications.
BitRiver founder accused of tax evasionBitRiver founder accused of tax evasion
BitRiver founder accused of tax evasionIgor Runets, founder of mining company BitRiver, has been charged with tax evasion and placed under house arrest, according to TASS on February 2.