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 Digital Ruble will be in use across Russia in less than a years’ time, as the Central Bank has issued instructions to Russia’s systemically important lending institutions to allow clients the option to conduct transactions in Digital Rubles by July 1, 2025. The regulator has sent the corresponding proposals on amending the legislation to […]
Some Russian businesses have begun using gold to pay Chinese suppliers to get around US sanctions and threats of sanctions against Chinese banks affecting Russia-China bank transfers. The alternative solution means that gold is purchased in Russia, transported by private courier to Hong Kong, where it is sold, and the cash is deposited into the […]
Russia’s bilateral trade growth with China is being subjected to the commercial brakes being applied to it by the United States sanctions policy, a scenario both Moscow and Beijing detest, and vehemently protest, but at present are being forced into adhering to some restrictions. The main problems come from sanctions, or the threat of them, […]
Russian-owned multinationals (MNCs) are relocating to friendlier jurisdictions, with another two businesses announcing redomiciling plans this past week. Both are representative of the new, more financially attractive options available for them. Qiwi Qiwi provides payment and financial services in Russia and CIS countries. The group includes QIWI payment systems, QIWI Bank, CONTACT money transfer system, […]
The Russian President, Vladimir Putin, gave a plenary speech at the Eastern Economic Forum (EEF) on Thursday (September 5) in which he outlined Russia’s plans for regional Asian development and other issues related to security, trade and investment. The speech was one of Putin’s longer talks, lasting close to 45 minutes. Attendees included the Malaysian […]
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The Russian government is to put into place a more assertive approach in promoting its national concerns and development agenda within multiple international organizations, including the World Bank, APEC, OECD, APEC, G20 and BRICS amongst others. To do this, the Ministry of Finance (MoF) has selected the Economic Expert Group, who during 2024–2025, will conduct […]
Two crypto exchanges are expected to be launched in Russia, one in Moscow and the other in St. Petersburg, with the aim of assisting foreign trade payments. While the operating mechanics are not yet specifically in place, Russian lawyers feel they will most likely be created in an experimental legal mode. To begin with, usage […]
The BRICS Partnership for a New Industrial Revolution is Underway Anton Alikhanov, Russia’s Trade & Industry Minister, has been attending the 8th meeting of the BRICS Industrial Ministers in Nizhny Novgorod, and has said that during the first five months of 2024, Russia’s trade turnover with the complete BRICS membership increased by 6.3%. This includes […]
Foreign nationals who share Russia’s traditional values, and disagree with the ‘neoliberal’ principles imposed by their own governments can now apply for Russian residency permits, according to a decree signed on Monday (August 19) by President Vladimir Putin. Unofficial estimates suggest that up to 80,000 foreign individuals – and their families – would take up […]
India and Russia are exploring the idea of a benchmark Ruble-Rupee exchange rate to start direct trade using the two currencies, according to Indian media. Top regulators and bankers from both nations are seeking to overcome dollar trade barriers created by Western sanctions against Moscow, and to facilitate more Russian purchases of Indian goods. India […]
Russia’s Investment Chamber (RIC) brokerage, which has been mandated to organize the exchange of frozen assets between Russian and non-resident investors, has announced the completion of settlements for the purchase of foreign securities. RIC commented that “Despite external sanctions pressure while bids were being accepted, RIC managed to sell to non-residents about a quarter of […]
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