Russia’s ‘Shadow Economy’ Is Nearly 13% of GDP, Reports Say

More than $175 billion had circulated in Russia’s shadow economy in 2017, according to the latest available official data analyzed by the RBC news website on Thursday. Russia’s State Statistics Service (Rosstat) defines the shadow economy as off-the-books salaries, unofficial employment and informal sales, but not criminal activity. Financial authorities say the shadow economy’s share…

Russia to Launch Nuclear-Powered Fish Shipping Around Scandinavia

Russia’s 30-year-old nuclear-powered Sevmorput container carrier will soon transport 5,000 tons of fish from the country’s Far East to St. Petersburg via the Northern Sea Route. “This test voyage with the container carrier gives hope that someday such deliveries will become regular,” the Kamchatka region governor Vladimir Kuzmitsky has said in an interview with the region’s official news portal.…

Russia’s First Floating Nuclear Power Plant Sets Sail in Arctic Amid Environmental Fears

Russia’s first floating nuclear power plant set sail Friday from the Arctic port of Murmansk to provide power to one of the country’s most remote regions, sparking environmental concerns. Developed by the Russian state nuclear company Rosatom, the plant, known as “Akademik Lomonosov,” set off on a 5,000 kilometer (3,100 mile) journey through Arctic waters…

Putin Plays Down Moscow Protests, Blames Opposition for ‘Falsification’

Russian opposition members were banned from running for Moscow’s legislature because they had submitted “falsified” signatures, President Vladimir Putin has said, playing down the election protests that rocked the capital this summer. Tens of thousands of people have demonstrated in central Moscow since mid-July in support of the opposition candidates. Authorities barred the candidates from…