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 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 […]
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 […]
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 […]
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. […]
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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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 […]
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 […]
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 […]
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 […]
Brazilian President Luiz Inacio Lula da Silva has said that the BRICS nations remain committed to developing new “transparent and secure” payment platforms to boost their economic integration and reduce “vulnerabilities” in the global market. He was speaking at a meeting of the BRICS Ambassadors (also known as “Sherpas”) on Thursday, (February 27) as the […]
Dmitry Mazepin, of the Russian Union of Industrialists and Entrepreneurs (RSPP) has said that Russia is looking to increase its fertilizer exports to Ghana. The West African country has experienced a decline in agricultural output in recent years, contributing to a global cocoa bean shortage and rising prices. Ghana, along with the Ivory Coast, are […]
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