Economy

Brazil BRICS

Brazilian President Encouraging New Intra-BRICS Payment Platforms    

BRICS, Economy, Finance, Trade

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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Cocoa

Russia To Support Global Cocoa Productivity By Supplying Fertilizers To Ghana

Africa, Agriculture, Economy, Exports, Trade

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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Vladivostok

Russia Increases Far East State Development PPP Budgets    

Asia, Economy, Infrastructure, Investment

Russian Prime Minister Mikhail Mishustin has signed a decree increasing funding for projects aimed at developing economic growth centres in the Russian Far East by another ₽32 billion (US$360 million). The total amount available in the state budget is now ₽73.3 billion (US$830 million). Mishustin said “This will ensure federal co-financing for projects implemented under

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Rare Earths

Ukraine’s ‘Rare Earth Deposits’ Are Mainly In Russia   

Economy, Exports, Russian Market, Trade

The discussions between US President Donald Trump and Ukrainian figurehead Volodymyr Zelensky concerning giving the United States access to Ukrainian rare earth deposits has hit a snag – most of the concentrated deposits referenced by Zelensky are actually in Russia. In an article by the UK’s Independent Newspaper the news media provides an interactive map

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Bali

Russia Engages With Indonesian Navy In Joint Exercises Off Bali

Asia, BRICS, Economy, Security

The Russian Navy has sent some of its Pacific Fleet ships to the Indonesian island of Bali to participate in the international exercise Komodo-2025. The Russian ships travelled more than 6,000 nautical miles, conducted a number of exercises and visited the Chinese Far Eastern port of Qingdao. As part of the exercises, the sailors of

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Diamonds

Russian Domestic Investment Grade Diamond Sales Increase Threefold

Economy, Finance, Russian Market, Trade

ALROSA, which produces about 90% of diamonds in Russia, increased sales of investment-grade diamonds by a multiple of three times in 2024, to more than 1,000 units, the company has said. The investment category includes diamonds from 2 carats with certain colour and purity characteristics. Their price point starts from ₽2 million (over US$20,000) per

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Economy

Russian Disposable Income Levels Grew By 8.6% In 2024: Economic Analysis

Economy, Finance, Infrastructure, Russian Market, Trade

Russian President Vladimir Putin has been discussing and analysing Russia’s economic position during 2024 with Prime Minister Mikhail Mishustin to see areas that worked and where attention to change needs to be directed. Mishustin was presenting the results of Russia’s economic performance for last year. The results are generally positive but there are some critical

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Auto

Russia’s Auto Manufacturing Sector Grew By 16.5% In 2024 

Economy, Infrastructure, Investment, Russian Market, Trade

Russian auto factories increased production of all types of vehicles by 16.5% during 2024, with the production of some types of cars increasing while others, began to be assembled less. The domestic automobile industry has great potential for further growth, but increasing production volumes will largely depend on the general situation on the market. Last

Russia’s Auto Manufacturing Sector Grew By 16.5% In 2024  Read More »

Tourism

Russian’s Spending More Tourist Dollars On Overseas Trips

Asia, Economy, Exports, Logistics & Transport, Middle East, Russian Market, Trade

Russian spending on trips abroad has exceeded pre-2019 record levels, according to the Russian Central Bank. In 2024, Russian nationals spent almost US$38 billion on travel to other countries, overtaking the previous record by US$1.5 billion. Among the main reasons for the growth of the Russian overseas tourism sector are the availability of new destinations

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Russia Proposes Small Nuclear Modular Reactors For India NPP Development  

BRICS, Economy, Energy, Exports, India, Investment, Trade

Russia’s nuclear energy giant Rosatom has offered technology transfer to India for small modular reactors (SMR), as the country looks to boost nuclear energy generation. Rosatom is exploring the feasibility of setting up SMRs in the coastal areas of India, according to Indian media. Rosatom is currently developing India’s largest nuclear energy facility – the

Russia Proposes Small Nuclear Modular Reactors For India NPP Development   Read More »

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