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News
Russians are pulling cash out of banks. How likely is the deposit freeze they fear? — Meduza
7+ hour, 3+ min ago (780+ words) Russians are rattled by a new wave of rumors about a possible freeze on bank deposits. Last week, The Washington Post reported on that risk. The paper linked the scenario to the growing volume of cash in circulation. The current…...
Reuters: Ukrainian drones knocked out a major Russian oil refinery in Perm for the second time this year — Meduza
9+ hour, 17+ min ago (169+ words) The oil refinery in Perm has halted operations following a Ukrainian drone attack, two industry sources told Reuters. The sources said repairs could take up to two weeks. Ukrainian forces struck Perm with drones on the morning of August 21. Journalists…...
Russian Finance Ministry proposes tax deferrals, audit freeze for Wildberries through year’s end — Meduza
19+ hour, 41+ min ago (334+ words) Russia’s Finance Ministry has submitted a package of support measures to the government for RWB Group — the merged company formed by Wildberries & Russ — as well as for sellers whose goods were destroyed in Ukrainian drone attacks. Russiaâs Finance Ministry…...
Russian publishers reportedly cut print runs after Ukrainian strikes on Wildberries warehouses, where their books are stored — Meduza
3+ day, 18+ hour ago (276+ words) Some Russian publishers have stopped printing new titles and are cutting print runs following Ukrainian drone strikes on Wildberries warehouses, two sources at major retail chains told the Russian business daily Kommersant. Rosman general director Boris Kuznetsov confirmed the cuts....
Russia’s beauty industry sees wave of business closures as tax burden grows — Meduza
3+ day, 19+ hour ago (308+ words) Business closures in Russia’s beauty services sector jumped 52.5% to 12,300 between January and July compared with the same period last year, according to calculations the data firm Kontur.Focus prepared for the Russian business daily Kommersant. Business closures in Russiaâs…...
Russian tech company VK sues Apple in Moscow court over removal of its apps from App Store — Meduza
3+ day, 20+ hour ago (167+ words) VK has sued Apple in the Moscow Arbitration Court, the Russian news agency Interfax reported. VK has sued Apple in the Moscow Arbitration Court, the Russian news agency Interfax reported The Russian company is demanding that Apple restore its apps…...
Russia’s second fuel crisis this summer: prices climbing, rationing in 59 regions, and now a motor oil shortage — Meduza
4+ day, 8+ hour ago (689+ words) Gasoline prices rose in 40 Russian regions between August 11 and 17, according to Russia’s state statistics agency, Rosstat. The steepest increase, 8.1%, came in Krasnoyarsk Krai. Prices fell in 20 other regions, with the sharpest drop, 3.6%, in Tyva. From the start of the year…...
Motor oil prices in Russia spike 40% as imports run short — Meduza
5+ day, 9+ hour ago (374+ words) Motor oil prices in Russia spike 40% as imports run short Meduza Motor oil prices in Russia spike 40% as imports run short Russia’s motor oil supply chain has run into trouble. Market participants told the Russian business daily Kommersant that a…...
Record crowds are crossing the Russia–Georgia border at Verkhny Lars. Here’s what the numbers actually show. — Meduza
5+ day, 7+ hour ago (497+ words) “Record passenger traffic at Verkhny Lars: more than 20,000 passengers crossed the checkpoint in a single day. Heavy tourist traffic has brought with it a record number of passenger cars. […] The same trend has held for several days now: on August…...
Russian vaccine maker expands dog vaccine recall to four batches, claiming possible sabotage — Meduza
5+ day, 10+ hour ago (211+ words) The Moscow-based company Vetbiokhim has urged dog owners and veterinarians not to use four batches of its Multikan vaccines. The Moscow-based company Vetbiokhim has urged dog owners and veterinarians not to use four batches of its Multikan vaccines The advisory…...