Latest Business News from Russia

Welder Builds Sturgeon Farm for RetirementWelder Builds Sturgeon Farm for Retirement
Welder Builds Sturgeon Farm for RetirementA plant worker in Severodvinsk builds a homemade aquaculture farm to raise red-listed sturgeon, aiming for steady income by retirement age.
Tyumen Rentals Underwater; Owners Fear LossTyumen Rentals Underwater; Owners Fear Loss
Tyumen Rentals Underwater; Owners Fear LossFlooding in Tyumen's suburbs has submerged rental cottages, threatening a local entrepreneur's business amid the summer season.
Gleb Nikitin Discusses Support Measures with BusinessGleb Nikitin Discusses Support Measures with Business
Gleb Nikitin Discusses Support Measures with BusinessNizhny Novgorod Governor held an operational meeting on logistics and small business resilience, addressing transport declines and upcoming tax reforms.
Durov announces Gram cryptocurrency wallet for Telegram
Durov announces Gram cryptocurrency wallet for TelegramPavel Durov announced that this summer Telegram will integrate the Gram cryptocurrency wallet, enabling over a billion users to make instant, fee-free transactions.
Telegram Will Integrate Gram Crypto Wallet This Summer
Telegram Will Integrate Gram Crypto Wallet This SummerPavel Durov said on 21 July that Telegram will integrate the Gram crypto wallet this summer, giving more than a billion users the ability to transfer cryptocurrency instantly without fees.
Governor details business support, asks tax complianceGovernor details business support, asks tax compliance
Governor details business support, asks tax complianceGleb Nikitin held an operational meeting with ministers and business representatives to discuss logistics and small business, asking in return for tax transparency.
While We Slept, Our Business Burned. Who Pays?While We Slept, Our Business Burned. Who Pays?
While We Slept, Our Business Burned. Who Pays?Sellers are tallying multimillion-dollar losses after drone attacks sparked fires at Wildberries warehouses in Kotovsk and Elektrostal, killing workers and injuring dozens.
Sellers Lose Millions After Wildberries Warehouse FiresSellers Lose Millions After Wildberries Warehouse Fires
Sellers Lose Millions After Wildberries Warehouse FiresAfter overnight drone attacks on Wildberries warehouses in Kotovsk and Elektrostal, sellers estimate losses in tens of millions of rubles; total damage may reach 50 billion rubles (about $625 million at current rates).
Underground Battle Halts Ufa 'Second City' Sewage ConstructionUnderground Battle Halts Ufa 'Second City' Sewage Construction
Underground Battle Halts Ufa 'Second City' Sewage ConstructionRussia’s Federal Antimonopoly Service suspended the tender for the first stage of water and sewer infrastructure in Zaufimye near Ufa after five complaints; the winner remains undisclosed.
Quarter of gold mining assets sold in TransbaikaliaQuarter of gold mining assets sold in Transbaikalia
Quarter of gold mining assets sold in TransbaikaliaZolotonosha, a gold mining company, has sold a 25% stake in its assets in Transbaikalia's Nerchinsko-Zavodsky district to Kryazh Invest, part of the GeoProMining group.
Tenet A8 Production Begins in ShusharyTenet A8 Production Begins in Shushary
Tenet A8 Production Begins in ShusharyThe AGR holding announced the start of production of the Tenet A8 sedan at its plant in Shushary. The first cars began rolling off the assembly line on July 21.
Tenet A8 Sedan Production Starts in ShusharyTenet A8 Sedan Production Starts in Shushary
Tenet A8 Sedan Production Starts in ShusharyThe AGR holding's plant in Shushary has started full-cycle production of the Tenet A8 sedan. The model is the third brand to be launched at this site.
Marina Fedunkiv Spotted Working at Krasnogorsk Nail Salon
Marina Fedunkiv Spotted Working at Krasnogorsk Nail SalonAccording to locals, actress and TV host Marina Fedunkiv was seen working at the reception desk of a nail salon in Krasnogorsk, Moscow region.
Fifth Kors station in Chita open until 20:00Fifth Kors station in Chita open until 20:00
Fifth Kors station in Chita open until 20:00A gas station in central Chita has become the fifth Kors and BRK location to operate from 08:00 to 20:00, with a 20-liter fuel limit.
Uzbek Hoteliers Show Pricing as They Plan Ufa HotelUzbek Hoteliers Show Pricing as They Plan Ufa Hotel
Uzbek Hoteliers Show Pricing as They Plan Ufa HotelUzbek businessmen, partnered with Bashkiria authorities, plan a five-story hotel on Ufa's Belaya River embankment and have also registered a legal entity in Tatarstan. Their existing resort in Aktash, Uzbekistan, offers rooms from 7,200 rubles per night.
Yekaterinburg Amends Rules for People's AwardYekaterinburg Amends Rules for People's Award
Yekaterinburg Amends Rules for People's AwardRepeated winners of the E1.RU People's Award in Yekaterinburg become experts and are excluded from the 2026 vote, allowing new businesses a chance to win.
E1.RU drastically changes award rules for businessE1.RU drastically changes award rules for business
E1.RU drastically changes award rules for businessThe E1.RU People's Award in Yekaterinburg has changed its rules, making past winners expert guests and opening competition to new businesses.
Main owner of First Spetstrans dies at 49
Main owner of First Spetstrans dies at 49Konstantin Yazyev, the main shareholder of JSC Avtopark No. 1 Spetstrans, died on July 20 at the age of 49. The First Spetstrans group of companies announced this on July 21.
Pervy Spetstrans Owner Konstantin Yazyev Dies at 49
Pervy Spetstrans Owner Konstantin Yazyev Dies at 49Konstantin Yazyev, the main shareholder and strategic head of St. Petersburg-based JSC Avtopark No. 1 Spetstrans, died at age 49. His death was announced on July 21 by the Pervy Spetstrans group of companies.
Ufa's Tsentralny Mall Bank Accounts BlockedUfa's Tsentralny Mall Bank Accounts Blocked
Ufa's Tsentralny Mall Bank Accounts BlockedUfa's Tsentralny shopping center had its Alfa-Bank accounts blocked due to multimillion-ruble debts. It owes 13.2 million rubles in taxes.
Omsk Cheese Factory Property Sold for 44 Million RublesOmsk Cheese Factory Property Sold for 44 Million Rubles
Omsk Cheese Factory Property Sold for 44 Million RublesThe property of LLC 'TPK Molprodukt', a cheese factory in Omsk region, is being auctioned for 44.1 million rubles (about $488,900 at current rates) after the company was declared bankrupt in January 2026.
Meat Fix Price Replaces Two Eateries in NovosibirskMeat Fix Price Replaces Two Eateries in Novosibirsk
Meat Fix Price Replaces Two Eateries in NovosibirskA restaurant from the Moscow chain 'The Byk' has opened in Novosibirsk's Aura mall, taking over the space of two former eateries. The franchise is owned by entrepreneurs from Altai Krai.
Milty coffee shop opposite Perm Polytechnic closesMilty coffee shop opposite Perm Polytechnic closes
Milty coffee shop opposite Perm Polytechnic closesNatalia Tikhomirova, founder of the Milty chain, announced the closure of the coffee shop near Perm Polytechnic University on July 20.
Moscow supplier threatens UMPO with bankruptcyMoscow supplier threatens UMPO with bankruptcy
Moscow supplier threatens UMPO with bankruptcyA Moscow engineering supplier has become the fifth creditor this year to threaten the Ufa defense plant ODK-UMPO with bankruptcy, following a notice on the Fedresurs portal. The company claims to have identified signs of insolvency, though the amount of debt is undisclosed.
Goose-themed coffee chain to open in KrasnoyarskGoose-themed coffee chain to open in Krasnoyarsk
Goose-themed coffee chain to open in KrasnoyarskA federal coffee chain with a goose mascot is opening in Krasnoyarsk's Pokrovka district, where the average check is just over 500 rubles ($6).