Latest Business News from Russia

Children's Goods Store to Close in Central ArkhangelskChildren's Goods Store to Close in Central Arkhangelsk
Children's Goods Store to Close in Central ArkhangelskThe owners announced when it will cease operations.
Moscow Firm to Extract Tungsten in Primorye's Zabytoe DepositMoscow Firm to Extract Tungsten in Primorye's Zabytoe Deposit
Moscow Firm to Extract Tungsten in Primorye's Zabytoe DepositA Moscow company has acquired the assets of Primorvolfram, enabling tungsten mining at the Zabytoe deposit in Primorye.
Urals Oligarchs Lose Business in Major 2025 NationalizationUrals Oligarchs Lose Business in Major 2025 Nationalization
Urals Oligarchs Lose Business in Major 2025 NationalizationThis autumn, Ural businessmen Artem Bikov and Alexei Bobrov saw their companies seized by the state.
Omsk Plant Temporarily Closed Due to Safety ViolationsOmsk Plant Temporarily Closed Due to Safety Violations
Omsk Plant Temporarily Closed Due to Safety ViolationsA court in Omsk has suspended operations at an energy equipment plant for 90 days after finding industrial safety violations. The plant must correct deficiencies during this time.
All Closed: Business Owners Evicted from Ryazan's Trade RowsAll Closed: Business Owners Evicted from Ryazan's Trade Rows
All Closed: Business Owners Evicted from Ryazan's Trade RowsEvery entrepreneur has left the historic Trade Rows in Ryazan, leaving the building completely empty, according to a local business owner and a YA62.RU journalist.
Tyumen companies can compete for the People's PrizeTyumen companies can compete for the People's Prize
Tyumen companies can compete for the People's PrizeIn Tyumen, the third People's Prize 72.RU has launched, where residents will choose the city's best businesses. Voting will take place in several stages.
Tyumen's Best Business Can Win City-Wide Fame: Here's HowTyumen's Best Business Can Win City-Wide Fame: Here's How
Tyumen's Best Business Can Win City-Wide Fame: Here's HowThe third annual People's Award by 72.RU is now open, inviting Tyumen residents to nominate their favorite local businesses for recognition.
Monro closes Karl Marx Avenue store in OmskMonro closes Karl Marx Avenue store in Omsk
Monro closes Karl Marx Avenue store in OmskA Monro shoe store branch on Karl Marx Avenue in Omsk has closed after operating since 2006, with five other locations remaining in the city.
Raising wages, breaking even: Saratov restaurants survive VAT hikeRaising wages, breaking even: Saratov restaurants survive VAT hike
Raising wages, breaking even: Saratov restaurants survive VAT hikeThe real business opinion: In January 2026, 45 popular venues closed in Moscow—a worrying signal for the entire industry. The wave of closures began in 2024 due to weakening demand, and in 2026 a new factor was added—a VAT increase and tighter benefit conditions.
Ural oligarchs' assets nationalized in Tyumen regionUral oligarchs' assets nationalized in Tyumen region
Ural oligarchs' assets nationalized in Tyumen regionThis autumn, Ural oligarchs Artyom Bikov and Alexei Bobrov lost their companies to state nationalization, including key utilities in the Tyumen region.
Whoosh and YurentBike e-scooter merger opposed by antitrust serviceWhoosh and YurentBike e-scooter merger opposed by antitrust service
Whoosh and YurentBike e-scooter merger opposed by antitrust serviceThe electric scooter rental companies Whoosh and YurentBike are in talks to merge, but the Federal Antimonopoly Service is opposing the deal due to competition concerns.
Deputies criticize cancellation of benefits for buying municipal landDeputies criticize cancellation of benefits for buying municipal land
Deputies criticize cancellation of benefits for buying municipal landThe St. Petersburg parliament has passed in first reading a bill to cancel some benefits for businesses buying land plots. Elected representatives fear that this will be followed by an increase in rent, leaving entrepreneurs with no choice.
Samara businesswoman joins 'I am/We are Mashenka' flashmobSamara businesswoman joins 'I am/We are Mashenka' flashmob
Samara businesswoman joins 'I am/We are Mashenka' flashmobSmall business owners across Russia are sharing stories of failure in a flashmob inspired by a bakery that appealed to President Putin. Hundreds of entrepreneurs say they are on the brink of closure due to new taxes and regulations.
St. Petersburg to tighten rules for kiosks on private landSt. Petersburg to tighten rules for kiosks on private land
St. Petersburg to tighten rules for kiosks on private landStarting September 1, St. Petersburg authorities will have the right to approve the installation of kiosks on private territories. The new rules could lead to the closure of thousands of pavilions.
St. Petersburg to Tighten Control Over Private Kiosks
St. Petersburg to Tighten Control Over Private KiosksGovernor Alexander Beglov announced new powers for city authorities in the non-stationary trade sector. This has become possible due to a federal bill that will come into force in 2026.
Channel 31 in Chelyabinsk appoints new directorChannel 31 in Chelyabinsk appoints new director
Channel 31 in Chelyabinsk appoints new directorOn January 28, Valery Shagiev stepped down as director of the Chelyabinsk media holding Channel 31, introducing chief editor Evgenia Morunova as his successor.
Nationalized Chelyabinsk TV channel appoints new headNationalized Chelyabinsk TV channel appoints new head
Nationalized Chelyabinsk TV channel appoints new headValery Shagiev, the longtime director of the nationalized Channel 31 in Chelyabinsk, has stepped down and introduced his successor, Yevgenia Morunova.
Top 10 educational centers in Arkhangelsk region: from massage to bloggingTop 10 educational centers in Arkhangelsk region: from massage to blogging
Top 10 educational centers in Arkhangelsk region: from massage to bloggingResidents of Arkhangelsk, Severodvinsk, and Novodvinsk have selected ten leading educational centers offering courses from speed reading and massage to playing musical instruments.
St. Petersburg Deputies Criticize Abolition of Land Purchase Benefits
St. Petersburg Deputies Criticize Abolition of Land Purchase BenefitsThe St. Petersburg Legislative Assembly approved in first reading the abolition of the preferential mechanism for land plot purchase by tenants. Speaker Alexander Belsky and other deputies sharply criticized the officials' initiative.
Gold Sets New Records: Is Now the Time to Buy?Gold Sets New Records: Is Now the Time to Buy?
Gold Sets New Records: Is Now the Time to Buy?The global price of gold has surpassed $5,000 per ounce, and since the beginning of 2026, the metal has appreciated by more than 17%. Analysts forecast further increases in quotations.
Kuzbass to get large coal processing plant costing 0.7 billion rublesKuzbass to get large coal processing plant costing 0.7 billion rubles
Kuzbass to get large coal processing plant costing 0.7 billion rublesKemerovo Oblast authorities have approved a semi-coking plant project in Guryevsk, costing almost 700 million rubles, though the construction start date is yet to be announced.
Craft Supply Store Closes in Central ArkhangelskCraft Supply Store Closes in Central Arkhangelsk
Craft Supply Store Closes in Central Arkhangelsk'Hobby Room' had been operating since 2014.
Production of asphalt and crushed stone planned in ChitaProduction of asphalt and crushed stone planned in Chita
Production of asphalt and crushed stone planned in ChitaA new resident of the Zabaykalsky advanced development territory plans to invest 128.6 million rubles (approximately $1.43 million at current rates) in an asphalt and gravel plant in Chita, creating 29 jobs.
Shopping, dining, cinema: Arkhangelsk residents pick top 10 mallsShopping, dining, cinema: Arkhangelsk residents pick top 10 malls
Shopping, dining, cinema: Arkhangelsk residents pick top 10 mallsFind out which shopping centers are finalists for the People's Award 29.RU.
Leprechauns, hoteliers, and developers: who owns Ryazan's most expensive restaurantsLeprechauns, hoteliers, and developers: who owns Ryazan's most expensive restaurants
Leprechauns, hoteliers, and developers: who owns Ryazan's most expensive restaurantsPeople in Ryazan love to eat well and are willing to pay for a good dinner. But who really stands behind the city's priciest establishments, and what does the mayor have to do with it?