In 2025, Russians reduced their purchases of clothes and shoes in stores: sales fell by 11% compared to the previous year. This follows from the data of the company “Platform OFD”, which cites “Izvestia”. At the same time, the average check increased by 5% — to 2,988 rubles. The latter happened due to a 10–15%…
In Russia, more than 800 companies have been transferred to state ownership through courts , reported the head of Rosimushchestvo, Vadim Yakovnenko, at a departmental board meeting. “According to my recollection, about 805 companies have been transferred to the state’s ownership,” he said. According to him, the number of such assets is increasing every day.…
During one week, five Russian passenger planes had engine failures right during flights. This was reported by the specialized channel “Aviatorstina”. Thus, on March 16, a Sukhoi Superjet 100 of the “Russia” airline, flying from Moscow to St. Petersburg, returned to Sheremetyevo due to increased vibration of the second engine. Earlier, on March 13, the…
“Lukoil”, the largest private oil company in Russia, recorded a net loss of 1.059 trillion rubles in 2025, according to IFRS-based financial statements published on Friday. This is the first time in its three-decade history that the company owned by billionaire Vagit Alekperov has ended the year in the red. In the past, the company,…
The Russian aluminum giant “Rusal” recorded a net annual loss for the first time since 2014. The company, founded by billionaire Oleg Deripaska, which unites 12 factories and is the largest aluminum producer in the world outside of China, lost $455 million in 2025, according to financial statements published on Wednesday. Although Rusal’s revenue increased…
The company “Russian Railways” will lay off 15% of its central office staff, including branch managers, against a backdrop of billions in losses, said its head, Oleg Belozerov, in an interview with “Interfax”. “We will lay off about 6,000 people,” he said. According to Belozerov, these and other actions by Russian Railways will save 74…
Russian clothing brands continue to exit the market amid a worsening economic situation in the country and falling demand. The company “Odezhda 3000”, which manages the budget clothing store chain Modis, has filed for bankruptcy. This follows from the case files of the Moscow Arbitration Court, noted “Kommersant”. Modis operated in the Russian market since…