Russia’s state energy giant Gazprom and top lender Sberbank decided Thursday not to pay their investors dividends for 2021, sending the companies’ shares downward.

Gazprom’s canceled 2021 dividends would have marked an all-time record payout for the company, giving investors an expected 1.24 trillion rubles ($23.37 billion).

“The shareholders d

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Russian forces have withdrawn from the strategic Black Sea outpost of Ukraine’s Snake Island. 

Russia’s Defense Ministry claimed Thursday that the withdrawal was a voluntary show of “goodwill” as Moscow seeks to discredit claims that it is enforcing a naval blockade in the area.

"On June 30, as a step of goodwill, the Russian Armed Forces fulfilled

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More than a third of Russian movie theaters were forced to temporarily close in June as visitor numbers dwindled amid the disappearance of Hollywood blockbusters, the Kommersant business daily reported Thursday.

Russia’s film industry was thrown into turmoil after the five major Hollywood studios — Disney, Warner Bros, Universal, Sony Pictures and P

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Chinese smartphone maker Honor has stopped shipments to Russia over fears of secondary sanctions for Moscow’s invasion of Ukraine, the Vedomosti business daily reported Thursday. 

Honor halted deliveries to Russia as early as March without an official announcement, the publication cited two unnamed industry sources saying. 

The United States and its

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Russia on Thursday began shipping grain from Ukraine's occupied territory, with a vessel carrying 7,000 tons of cereal sailing from Ukraine's occupied port of Berdyansk.

Kyiv has for weeks accused Russia and its allies of stealing its grain from southern Ukraine, contributing to a global food shortage caused by grain exports blocked in Ukrainian

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Auto production in Russia has slowed to a crawl after major automakers exited and Western governments imposed debilitating sanctions on Moscow in response to its invasion of Ukraine. 

Russia manufactured 3,700 cars in May, 97% fewer than the same month last year, the country’s statistics agency Rosstat said late Wednesday.

Output fluctuated at the

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