Latest Business News from Russia

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).
Ural Dairy Plant Recovers From Tornado, Floods HitUral Dairy Plant Recovers From Tornado, Floods Hit
Ural Dairy Plant Recovers From Tornado, Floods HitIn an interview, the director of the Kushva dairy plant Molochnaya Blagodat (Milk Grace) listed the main problems facing the industry, from tornado damage to flooding and fuel shortages.
Teens get bank cards for gifts via QR: any risks?Teens get bank cards for gifts via QR: any risks?
Teens get bank cards for gifts via QR: any risks?A festival promotion let teenagers get gifts by applying for a bank card via QR code, raising concerns about hidden agreements and data sharing.
Young Ulan-Ude company to repair road to Tuzhi parkYoung Ulan-Ude company to repair road to Tuzhi park
Young Ulan-Ude company to repair road to Tuzhi parkA young company from Ulan-Ude has won a 130.2 million ruble ($1.45 million) contract to repair a road to the Tuzhi land art park and the village of Ukurik.
Itakinskoye Deposit Development Gets Final ApprovalsItakinskoye Deposit Development Gets Final Approvals
Itakinskoye Deposit Development Gets Final ApprovalsThe Itakinskoye gold deposit development in Zabaykalsky Krai gets approved by Glavgosexpertiza and Rosprirodnadzor; launch before 2028.
Moscow May Be Left Without School UniformsMoscow May Be Left Without School Uniforms
Moscow May Be Left Without School UniformsAhead of September 1, entrepreneurs filled warehouses and took out loans — everything burned down in a drone attack on Wildberries facilities, leaving up to 10,000 sellers in distress.
Drone Attacks on Wildberries Cost Ural Businessmen MillionsDrone Attacks on Wildberries Cost Ural Businessmen Millions
Drone Attacks on Wildberries Cost Ural Businessmen MillionsEntrepreneurs from Chelyabinsk lost millions in goods after Ukrainian drone attacks on Wildberries warehouses in Elektrostal and Kotovsk on July 18, and fear they may not receive timely compensation despite company promises.
Death and Money: The Bone-Burning Factory on GutuyevskyDeath and Money: The Bone-Burning Factory on Gutuyevsky
Death and Money: The Bone-Burning Factory on GutuyevskyTwenty years ago the air on Gutuyevsky Island was saturated with the smell of stewed bones and fat. Today, only ruins and a few rented buildings remain from the once profitable factory.
Ruins of a Bone-Burning Plant: History and FutureRuins of a Bone-Burning Plant: History and Future
Ruins of a Bone-Burning Plant: History and FutureOn St. Petersburg's Gutuevsky Island, the ruins of a 19th-century bone-burning plant await investors, but none have come forward. The plant once produced bone fat for taverns and earned millions.
Gukasyan Brothers' Decade of Kuban Funeral BusinessGukasyan Brothers' Decade of Kuban Funeral Business
Gukasyan Brothers' Decade of Kuban Funeral BusinessAfter the arrest of Krasnodar Krai's health minister, the head of the regional Bureau of Forensic Medical Examination quietly stepped down amid ongoing funeral business scandals.
Why Ozon and Wildberries Sell Fake ChanelWhy Ozon and Wildberries Sell Fake Chanel
Why Ozon and Wildberries Sell Fake ChanelDespite the «Honest Sign» system and trillions of rubles in turnover, marketplaces cannot eradicate counterfeit perfumes. Journalists investigated how this works using Chanel as an example.
Chanel for 700 Rubles: Trillions and AI Fail to Stop FakesChanel for 700 Rubles: Trillions and AI Fail to Stop Fakes
Chanel for 700 Rubles: Trillions and AI Fail to Stop FakesThe combined turnover of sellers on Russia's two largest marketplaces has reached 10 trillion rubles, but counterfeits thrive. Journalists investigated how fake Chanel perfume is sold with the "Honest Mark".
Property seized from Orkish and daughter over unpaid taxesProperty seized from Orkish and daughter over unpaid taxes
Property seized from Orkish and daughter over unpaid taxesThe Russian Federal Tax Service has seized assets from businessman Sergei Orkish, his daughter Anna Pyatkova, and others to recover a tax debt of over 23.7 million rubles (over $263,000 at current rates) related to the Aquario water park.
Inside RC Group: Luring Kazan Residents with Credit CardsInside RC Group: Luring Kazan Residents with Credit Cards
Inside RC Group: Luring Kazan Residents with Credit CardsA journalist went undercover to test how the controversial IT company RC Group recruits clients in Kazan, including pressure to take out credit cards.
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.