Supermarket theft rising in Russia

Shoplifting has increased by up to 20% over the past year, according to market estimates Retail theft in Russia has increased by nearly a third over the past year, which has put pressure on large supermarket chains, the news outlet Shoppers reports, citing market players.

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International firms count losses from Russia exit

Western sanctions have so far cost global corporations almost $60 billion, Wall Street Journal estimates The losses of international companies from Western sanctions on Russia have exceeded $59 billion, the Wall Street Journal reported on Friday, citing data from public statements and securities filings.

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Share of non-cash payments in Russia hits 80%

The share of cashless transactions in Russia has surged to 80%, up from just 25% a decade ago, the head of the Bank of Russia, Elvira Nabiullina, said on Saturday. “The share of non-cash payments is like a barometer for assessment of maturity of state financial system,” Nabiullina said at the international RUSSIA EXPO, which…

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