The Russian economy is transitioning, with economic pressures such as inflation, moderate growth and sanctions all contributing to a dampened performance in 2025. However, this is partially offset by significant infrastructure building, high military related output, and increasing foreign reserves and industrial progress in key economic areas. It is also diversifying beyond energy to include new vital technology-driven sectors. Get vital data on Russia’s economy for business decision-making. Analysis of macroeconomic trends, investment climate, and economic policies impacting your operations and investments in the country.
The Russian President, Vladimir Putin, gave a speech at the main Plenary session of the BRICS 2025 annual Heads of State summit currently being held in Rio de Janeiro. In it, he discussed the BRICS growth, economic data, global payment systems and several potential new initiatives including the creation of a BRICS carbon trade mechanism, […]
The Russian Foreign Minister, Sergey Lavrov, has been representing Russia at the BRICS 2025 Heads of State annual meetings in Rio de Janeiro. He spoke at a session themed “Strengthening the Multilateral World Order, Financial and Economic issues, & Artificial Intelligence.” Lavrov’s comments mainly focused on the current state of the global economy, the need […]
The Russian Foreign Minister, Sergey Lavrov, has been on an official visit to Kyrgyzstan to meet with the Kyrgyz President Sadyr Japarov and Foreign Minister Jeenbek Kulubayev. He arrived at Cholpon-Ata, a resort town on the northern shore of Lake Issyk-Kul, where bilateral meetings were held, and the Council of Foreign Ministers of the Collective […]
Russia’s Yadran Group, an investor in Mali’s gold mining industry, laid the cornerstone for a new gold refinery in Bamako on June 16. Construction is scheduled to be completed in 18 months, after which the refinery will go into operation and gradually achieve a design capacity of 100 tonnes of gold per annum in the first phase, with […]
The Eurasian Economic Union (EAEU) has achieved success in the main performance indicators but fallen short of about 20 crucial targets in its 2025 development strategy; over the next decade, the union should, at a minimum, double its share in the global GDP, Belarusian President Alexander Lukashenko has said. He was speaking at the 2025 […]
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Colombia has confirmed it has joined the New Development Bank (NDB), the financial investment arm of the BRICS group. Colombia had requested membership in the NDB in May of this year, amid tensions with the United States over President Trump’s tariff war and Colombia’s joining China’s Belt and Road Initiative. Colombia’s Minister of Foreign Affairs, Laura Sarabia, said, […]
The Russian State Duma has ratified an agreement with the United Arab Emirates to avoid double taxation of income and capital and prevent tax evasion. The government introduced the bill, No. 930586-8, on May 29. This new agreement replaces an earlier 2011 agreement which applied only to the income of state-owned investment funds. An explanatory […]
The Central Bank of Russia has proposed to the Russian State Duma that the largest “systemically important” Russian banks must provide their clients with the option to use digital rubles from September 1, 2026. This is a pushback from the previously agreed-upon deadline of July 1 this year. The bank has instructed Russian retail companies with annual revenues exceeding […]
President Putin has engaged in a lengthy, moderated Q&A session, with Nadim Koteich, of Sky News Arabia the moderator at the SPIEF 2025 event. Questions were direct and included involved answers from Putin about the concept of developing a multipolar global society, in-depth discussions about the Israel-Iran conflict, the Ukraine conflict, and issues pertaining to […]
Vladimir Putin has given the annual plenary speech at the St.Petersburg International Economic Forum (SPIEF). The main basis for his speech was all Russian domestic policy, in which he discussed the Russian Economy, Monetary Policy, Employment, Education, Tax and Funding Policies, Tourism and Recycling, Russia’s Investment Climate, Technological Development and Funding, Digitization, Foreign Trade, Defence […]
Russia’s VTB bank, the second largest in Russia, has finalized the legal merger of Crimea’s largest bank, the Russian National Commercial Bank, (RNCB), with integration procedures to be completed by the end of 2025, according to VTB CEO Andrei Kostin. He stated that “Completing RNCB’s integration is not just a technical step. We hold RNCB […]
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