Vodka production has dropped significantly last year in Russia. According to the Russian Statistics Agency, output fell 22.3 percent compared with 2013.

Russian MPs are considering sending a request to the Prosecutor General’s Office to look into the operations of foreign entities in a bid to avenge them for stopping their work in Crimea.

Russian government plans to institute a number of measures for lowering tax burden for small and medium-sized businesses in the regions, Russian Minister of Finance Anton Siluanov said.

US-based company PayPal, the biggest digital payment system in the world, has notified customers in Crimea that it will stop providing services to residents of the peninsula.

165 tour operators have been excluded from the Federal Register since the beginning of the year. The cause of delisting is in most cases their failure to provide documents on financial guarantees.

Apple is the first company in sales of smartphones in Russia in monetary terms for the first time.

Russian Standard Bank has managed to stay in the black in 2014 through a sale of NPLs worth 22 billion roubles, says RBC, a business news outlet.

The national Deposit Insurance Agency has decided on how to spend most of the one trillion roubles in financial aid pledged by the government.

Russia is in for more trouble as 2015 is likely to see a drop in the prices of major commodities, says a report by the World Bank.

Oil prices will hover around $60 a barrel in 2015, says the head of the World Bank.