Latest Business News from Russia

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.

Apr 19, 2026

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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.

Apr 19, 2026

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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.

Apr 19, 2026

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Perfume chain Parfum-Lider cuts stores in TyumenOnly three stores of the Parfum-Lider chain now remain in the Tyumen region.

Apr 18, 2026

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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.

Apr 18, 2026

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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.

Apr 18, 2026

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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.

Apr 16, 2026

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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.

Apr 16, 2026

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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.

Apr 16, 2026

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Hyundai will not buy back its former St. Petersburg plantSouth Korean automaker Hyundai Motor has confirmed it will not use its option to repurchase its former enterprise in St. Petersburg. The deadline for this decision expired in January.

Apr 16, 2026

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'Indians Will Work in Our Fields': Interview with Chairman of Omsk's Biggest FarmVladimir Gerk, head of the SPK 'Yermak' agricultural cooperative, discusses delayed harvests, low grain prices, and the potential need for foreign workers like Indians.

Apr 16, 2026

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Where Will We Go? Tyumen's 1990s Market Braces for DemolitionTyumen's Southern Market, a relic from the 1990s, is slated for demolition to make way for a road expansion on Chaplyna Street.

Apr 16, 2026

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Pyaterochka Expands Far East with Primorye Logistics HubX5 Group will open a new distribution center in Primorye to supply its Pyaterochka stores in the Far East, after gaining resident status in an advanced development territory.

Apr 16, 2026

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Chelyabinsk's Stylish Clothing Store Closes After 16 YearsThe owners of the clothing store Stylish in Chelyabinsk have closed its doors after 16 years, sending unsold items to charity shops.

Mar 11, 2026

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Stylish Clothing Store in Chelyabinsk Closes Its DoorsThe Stylish clothing store in Chelyabinsk has ceased operations after 16 years. Some merchandise was sold off, and the remainder was donated to charity shops.

Mar 11, 2026

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Tyumen's Benat Distillery Sold to New OwnerThe alcohol plant has been transferred to private ownership, with the sale proceeds earmarked to fund the regional budget deficit.

Mar 11, 2026

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Tyumen Authorities Sell Off Major Alcohol PlantThe regional government has transferred the shares of the Benat distillery to a new owner, with the proceeds from the sale being used to cover the regional budget deficit.

Mar 11, 2026

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Yakutia leads Far East gold mining in 2025The republic mined 56.9 tons of gold, making it the regional leader, while Magadan Oblast took second place with 55.1 tons.

Mar 10, 2026

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Construction of gold extraction plant starts in Zabaykalsky KraiConstruction has begun on a gold extraction plant at Nornickel's Zabaykalsky division, with the agreement signed at the Eastern Economic Forum.

Mar 10, 2026

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Novosibirsk's Burger Records sold quickly to new ownersThe new owners of Burger Records outlets in Novosibirsk and the brand's founder have shared their plans for the future.

Mar 10, 2026

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Avito Reports Order Pick-Up Points Sales Double in ChitaAnalysts from Avito Business 360 have released preliminary 2025 data, showing demand surges for beauty and health franchises and growth in IT and agriculture ready-made businesses in Chita.

Mar 9, 2026

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Alrosa's Diamond Production Falls in 2025Alrosa, Russia's leading diamond miner, produced 29.7 million carats in 2025, a planned decrease from 33 million in 2024.

Mar 9, 2026

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Tax Break for Landlords: A Hidden RiskThe Federal Tax Service has proposed that entrepreneurs not pay property tax on real estate used in business, but this savings could turn into multi-million losses when selling the property.

Mar 9, 2026

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Doctor's company plans 40M-ruble medical center in BashkiriaA doctor's company plans to construct a medical center in the Chishmy district of Bashkiria, with the project expected to take five years and cost over 40 million rubles.

Mar 8, 2026

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Mini-Krasnaya Polyana Near Krasnodar: New Sober-Bash Resort PlansA new eco-resort, Sober-Bash, is set to open an hour from Krasnodar, becoming the closest tourist cluster to the city with a winery, thermal complex, and cable car.

Mar 8, 2026

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