Russian businesses are bracing themselves for a financial crunch that could put many of them out of business. The Central Bank's interest rate has reached a crushing 21%, with expectations for a further hike in December, and over the last two years, companies have built up significant commercial debt with floating-rate interest payments.

The

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A Russian court on Monday declined an appeal by U.S.-Russian resident Ksenia Karelina versus a 12-year prison sentence for donating around $50 to a pro-Ukraine charity. The defendant's appeal was turned down. The sentence will for that reason enter into force, the Sverdlovsk area appeals court stated in a declaration on Telegram.Karelina was apprehended in
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A Russian court ordered the arrest in absentia of International Criminal Court (ICC) Judge Haykel Ben Mahfoudh, who himself earlier issued arrest warrants for Russian military leaders, the independent news website Mediazonareported Monday.

Mahfoudh was among three ICC judges who issuedarrest warrants in June for former defense minister Sergei

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Nizhny Novgorod Governor Gleb Nikitin announced recently that his region will hike the one-time payment to volunteers getting to eliminate in Ukraine to 3 million rubles ($30,000). Along with the Ukraine-bordering Belgorod region, Nizhny Novgorod-- which already lost more than 1,300 of its 3 million locals in the war, according to a tally
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The locked up mom of a prominent critic of Chechen leader Ramzan Kadyrov is facing brand-new criminal charges of disrupting the work of a prison, the human rights group Crew Against Torturesaid Monday.Zarema Musaeva, the mother of activist Abubakar Yangulbaev and the spouse of a retired federal judge, is serving a five-year jail sentence for fraud
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A new film about Donald Trump will not be displayed in Russian theater after its regional distributor failed to receive a screening license from the authorities, the Vedomosti company newspaper reported Monday.Distributor Atmosfera Kino was because of launch The Apprentice, directed by Ali Abbasi, at theaters across Russia last month. However, the
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