Latest Business News from Russia

Midiynoye Mesto Opening Stalled by Heating, VentilationMidiynoye Mesto Opening Stalled by Heating, Ventilation
Midiynoye Mesto Opening Stalled by Heating, VentilationThe restaurant Midiynoye Mesto on Lenina Street faced a delayed opening due to a dispute with landlord Kineks over heating and ventilation connections, leading to a court case.
PSB Launches Below-Market Acquiring Tariff for Zabaykalsky EntrepreneursPSB Launches Below-Market Acquiring Tariff for Zabaykalsky Entrepreneurs
PSB Launches Below-Market Acquiring Tariff for Zabaykalsky EntrepreneursIt suits companies with a turnover of more than 100,000 rubles (about 1,100 USD at current rates) per terminal per month.
New Frank by Basta restaurant at Marx SquareNew Frank by Basta restaurant at Marx Square
New Frank by Basta restaurant at Marx SquareThe new tenant has begun work at the former social fair premises on Marx Square. It will be the second Frank by Basta restaurant in Novosibirsk, scheduled to open around June 2026.
Tyumen's Siberian Trail Store Closes, Relocates to ProductionTyumen's Siberian Trail Store Closes, Relocates to Production
Tyumen's Siberian Trail Store Closes, Relocates to ProductionThe handmade shoe store 'Siberian Trail' in Tyumen closed its branch on Respubliki Street to optimize operations and move to its production site.
Siberian Trail store in Tyumen closes; mayor wore sneakersSiberian Trail store in Tyumen closes; mayor wore sneakers
Siberian Trail store in Tyumen closes; mayor wore sneakersThe Siberian Trail handmade shoe store on Respubliki Street in Tyumen has closed its retail location and moved to its production facility on Uritskogo Street, as part of cost-cutting measures. The brand is known for its custom sneakers worn by the city's mayor and governor.
Omsk's Midiynoye Mesto Sets Opening DateOmsk's Midiynoye Mesto Sets Opening Date
Omsk's Midiynoye Mesto Sets Opening DateThe restaurant will open on Lyubinsky Prospekt on Monday, February 9.
AGR plant assembles Chinese Jeland cars in Shushary
AGR plant assembles Chinese Jeland cars in ShusharyThe former General Motors plant in Shushary has begun assembling Chinese Jeland-brand cars, though official production launch is not planned until 2026.
Bashspirt to Pay Dearly for Vodka Label RightsBashspirt to Pay Dearly for Vodka Label Rights
Bashspirt to Pay Dearly for Vodka Label RightsBashspirt announced two tenders worth a combined 166.95 million rubles (approximately $1.85 million at current rates) for the right to apply labels to vodka bottles. The company seeks to purchase over 50 million labels for different varieties.
SSK Group Presents Development Strategy Until 2030SSK Group Presents Development Strategy Until 2030
SSK Group Presents Development Strategy Until 2030At the Vision-2026 conference in Krasnodar, the SSK group of companies unveiled its development plans for the next five years, emphasizing technology and human capital.
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.