Economy Archives - Page 10 of 28 - RUSSIA'S PIVOT TO ASIA

President Putin’s Speech About Russian Arctic Development: Content and Analysis

Economy, Energy, Infrastructure, Investment, Logistics & Transport, Russia's Belt & Road, Russian Market, Trade

The Russian President, Vladimir Putin gave the Plenary Speech at the 6th International Arctic Forum, which was held in Murmansk on 26/27 March. The event was subtitled “The Arctic: Territory of Dialogue.” Putin’s speech concentrated on very specific Russian Arctic development issues, including investment, infrastructure needs, incentives and the opportunities. Clearly, Moscow is putting huge […]

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Russia’s 2024 Median Salary Growth Was The Highest Since 2018

Economy, Finance, Russian Market

The Russian salary growth rate in 2024 was the highest in the past six years amid increased competition for potential workers. Overall, the median salary offered in Russia increased by 18%, from ₽65,400 in January 2024 to ₽77,200 in January 2025, according to Maria Ignatova of the Human Resources analytical agency HH Help. That equates

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Russia, India, Looking To Boost Bilateral Trade Beyond US$100 Billion

Economy, Exports, Imports, India, Trade

Russia and India have been exploring ways develop their bilateral trade partnership, with officials and experts participating at the “Russia and India: Towards a New Bilateral Agenda”, organized by the Russian International Affairs Council (RIAC) in Moscow. The event, which took place last Thursday (March 27) with support from the Indian embassy, highlighted that while

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Another EU Listed Retailer Redomiciles To Russia

Economy, Finance, Russian Market, Trade

Shareholders in Luxembourg’s O’Key Group have voted in favor of the company’s re-domiciliation from Luxembourg to Russia, the retailer has stated. The global depositary receipts of the Luxembourg holding company will be recognized as shares of the IPJSC at a 1:1 ratio following re-domiciliation, with the company to be registered in Kaliningrad’s’ Oktyabrsky Island Special

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BRICS March 2025 PMI 2.8 Points Higher Than The Eurozone As Access To Russian Energy Proves Key

BRICS, Economy, Trade

The collective BRICS economies are displaying a positive Purchasing Manufacturers Index (PMI) growth rate of 51.5 points for March 2025 against a comparative negative collective PMI for the Eurozone, at 48.7 points. The PMI is an economic gauge used to measure industrial manufacturing output, and is based upon purchasing managers orders on a global basis.

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Russia’s Foreign Trade Up 4.6% In January 2025

Africa, Economy, Exports, Imports, Russian Market, Trade

Russia’s foreign trade for January amounted to US$50.7 billion, 4.6% more than in the same period last year. Exports increased by 3.2% to US$29.3 billion, and imports by 6.6% to US$21.4 billion, according to the Federal Customs Service (FCS) of Russia. Traditionally, mineral products have formed the basis of Russian exports. Their share in the

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VTB Launches QR Payment System In Turkiye, Bypasses SWIFT

Economy, Finance, Infrastructure, Middle East, Trade

Russia’s VTB bank has launched a QR code payment system for purchases in Turkiye, with the system coming operational from March 12. About 7 million Russians visit Turkiye every year, either on holiday or in transit elsewhere. Western sanctions have restricted the use of Russian Mir cards in Turkey – The US Treasury Department’s Office

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Hong Kong Developing Alternative Clearing House After Euroclear’s Distribution Of Russian Assets

China, Economy, Finance, Trade

Hong Kong’s Exchanges and Clearing house, which runs the Hong Kong stock market, said last week that it was working with the Hong Kong monetary authority to develop an Asian international settlement house intended to rival Belgium’s Euroclear and Luxembourg’s Clearstream. The move comes as a bid to lessen dependence on western financial infrastructure, and

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Russia’s Pivot To Asia: New 2025 Guide To Southern Africa Out Now

Africa, BRICS, Economy, Exports, Imports, Infrastructure, Investment, Trade

Southern Africa is a diverse region, with considerable European colonial influences, and access to both the Atlantic and Indian Oceans. A major driver for Russian involvement in Africa has been continuing assistance from and good relations with South Africa, the continents wealthiest nation and regionally, its most influential. This region will develop to become more

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Putin Lays Out Russian Development Strategy At “Future Technologies” Forum: Analysis

Economy, Finance, Infrastructure, Investment, Russian Market

The Third International Future Technologies Forum held February 20 and 21 in Moscow, which sets the stage for groundbreaking scientific exploration, where emerging ideas, still taking shape in laboratories and research centres, are discussed and refined. This year’s forum focused on chemistry and the application of new materials – cross-cutting fields that will play a

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RUSSIA'S PIVOT TO ASIA

«Поворот России в Азию»

Economy