Economy

Russia has risen to the eighth place in global manufacturing output, according to a report issued by “Make UK”,  a British institution that represents UK manufacturers and competitive markets. The report  includes a wide variety of data about the contribution of manufacturing to different economies including exports, sectoral breakdown, R&D investment, salary levels and provides

Changes in Russia’s policy towards allowing Foreign banks to operate in the county are in the pipeline, as growing problems with cross-border payments have forced the government and the Central Bank to agree to open branches of foreign banks in Russia. These have been strictly prohibited in recent decades. Additionally, Russian officials are ready to

One of the difficulties when reporting statistics concerning Russia or the European Union in these chaotic times is the ultra-partisan nature of contemporary thought. Anything pro-Russian or Western-negative is automatically regarded as suspect and not to be trusted. Such items are also avoided as subjects for discussion in Western media. Hiding the truth has always

Other unexpected bonuses are increasing Russia’s taxable corporate income from foreign investors originating from unfriendly countries as a direct result of sanctions being placed upon the country. Political pressures are also being placed on foreign investors to exit. It is another example of political thinking in the West apparently being divided from the fiscal repercussions.