Economy News & Analysis

Economy

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.

Putin Arctic
Featured March 31, 2025

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

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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Salary
Featured March 30, 2025

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

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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India
March 30, 2025

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

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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Okey
March 26, 2025

Another EU Listed Retailer Redomiciles To Russia  

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 25, 2025

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

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 Trade
March 16, 2025

Russia’s Foreign Trade Up 4.6% In January 2025

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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Rubles Lira
March 13, 2025

VTB Launches QR Payment System In Turkiye, Bypasses SWIFT 

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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FeaturedImage
March 10, 2025

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

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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Brazil BRICS
March 2, 2025

Brazilian President Encouraging New Intra-BRICS Payment Platforms    

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 […]

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