Breaking News
Investing Pro 0
Extended Sale! Save on premium data with Claim 60% OFF

War comes to Russian business after drones strike Moscow's financial centre

Published Aug 01, 2023 02:42AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
2/2 © Reuters. Emergency personnel work near a damaged office building in the Moscow City following a reported Ukrainian drone attack in Moscow Russia, August 1, 2023. REUTERS/Evgenia Novozhenina 2/2
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio

By Alexander Marrow

(Reuters) - Economic sanctions have been the biggest headache for Russia's business elite since the start of the war in Ukraine, but two drone strikes in the heart of Moscow's financial district are forcing companies to think about their employees' safety.

An explosion early on Sunday rocked the Moskva-Citi business district, a few miles west of the Kremlin and home to several skyscrapers, in what Russia's defence ministry said was a thwarted Ukrainian drone attack, the second in a week.

Early on Tuesday, an out of control drone hit the same high-rise building, damaging the facade on the 21st floor, according to Moscow Mayor Sergei Sobyanin.

Nobody was hurt in either incident and there was only minor damage, but such attacks are uncomfortable for the authorities who have told the public that Russia is in full control of what they call its "special military operation" in Ukraine.

After the first attack, tech giant Yandex (NASDAQ:YNDX), which has offices dotted around the Russian capital including in Moskva-Citi, asked staff to vacate offices at night, when strikes on the Russian capital have tended to occur.

"Taking into account the situation, we ask you not to be in the office at night (from 1 a.m. to 6 a.m.)," Yandex said in a message to employees. "The restriction applies to all Moscow offices. Take care!"

Yandex, which like many technology companies has relatively flexible working hours, declined a Reuters request for comment.

Many companies in Russia continue to allow employees to work in hybrid mode, split between home and the office, following the lockdowns imposed during the coronavirus pandemic.

Kremlin spokesman Dmitry Peskov said on Monday Ukrainian attacks on Moscow and other Russian targets were "acts of desperation" and that Russia was taking all measures possible to protect against strikes.

Kyiv typically does not claim responsibility for specific incidents on Russian territory, and did not claim Sunday's attack, though President Volodymyr Zelenskiy said the war was "gradually returning to Russia's territory - to its symbolic centres".

Two drones reached the Kremlin in May, the most high-profile incident, but other attacks have targeted buildings near the defence ministry's headquarters on the Moscow River and the capital's exclusive Rublyovka suburb, home to much of Russia's political, business and cultural elite.


Reuters spoke to several people, who asked not to be identified, in order to gauge the business community's reaction to the first incident, with some expressing fear and concern, while others remained unfazed.

"I can say that for myself it has of course become more worrying for me and my colleagues," said one person who works in Moskva-Citi. "Somewhere in the back of my mind it was always understood that Citi could be one of the targets."

One employee at a company with an office in a Moskva-Citi skyscraper said working there felt "weird", but that staff were not being sent to work remotely.

Another, who works for a bank, said most staff had been told to work from home.

Some said business was continuing as normal and that everything was calm.

One financial services professional said he did not think the attack would deter people from going to Moskva-Citi.

The attack damaged a building reported to house government offices. Reuters on Sunday saw glass panels blown out in one high-rise building and glass, debris and office documents littering part of the pavement below.

Video footage from the incident showed a bright orange explosion, accompanied by a deafening bang.

A Telegram channel run by the Russian online media group Mash broadcast photos of the damage done to the digital ministry's headquarters.

Mash reported that the ministry's staff had been asked to be resilient, but that most employees would be permitted to work from home temporarily.

The ministry did not respond to a request for comment.

For one employee at a large Russian company, the attack was a "really scary" warning.

"No one is safe, I'm afraid now."



War comes to Russian business after drones strike Moscow's financial centre

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your profile, will be public on and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email