Alexander Marrow

Carlsberg will sell its Russian assets to two longstanding employees of Baltika Breweries, the Danish brewer said on Tuesday, after a government document seen by Reuters showed Moscow had approved the 34-billion-rouble ($320.75 million) deal.

AI infrastructure firm Nebius Group on Monday said it was raising $700 million in a private placement from investors including Nvidia , Accel and some accounts managed by Orbis Investments.

Activity across Russia's manufacturing sector increased marginally in November, a business survey showed on Monday, thanks to fresh expansions in outputs and new orders even as work backlogs depleted and firms cut workforce numbers.

High interest rates in Russia are making export contracts unprofitable, Sergei Chemezov, the head of Russian state industrial conglomerate Rostec, said on Tuesday, warning of production slowdowns and bankruptcy risks.

A Moscow court on Tuesday fined U.S. technology giant Apple 3.6 million roubles ($36,889) for refusing to remove two podcasts that contained "information aimed at destabilising the political situation in Russia", the RIA news agency reported.

Russian President Vladimir Putin met North Korea's foreign minister in the Kremlin on Monday at a time of mounting concern in the West that North Korean soldiers are about to enter the Ukraine war on Moscow's side.

Activity in Russia's manufacturing sector returned to expansion in October, recovering from its first slide into contraction in more than two years, a business survey showed on Friday, boosted by a sharp uptick in new export orders.

Russian President Vladimir Putin has authorised the transfer of German airport operator Fraport's 25% stake in St Petersburg's Pulkovo Airport to an unidentified party, a decree published on Friday showed.

A growing chorus of Russian industrial companies and lobby groups are complaining of prohibitively high interest rates and warning that goals for infrastructure development may be missed, with the central bank bearing the brunt of the criticism.

Amsterdam-based Nebius Group closed 5.6% higher on Monday, recovering from huge early losses when trading for the first time since February 2022, as the AI infrastructure firm's Nasdaq listing, formerly held by Yandex, often dubbed "Russia's Google", went live.