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 Ministry of Finance, together with the Central Bank and BRICS partners, will prepare a number of initiatives to create an independent international monetary and financial system. The result of this work may be, among other things, the creation of a digital settlement and payment platform “BRICS Bridge”. This was decided following a meeting […]
Russia’s Rostec, a high-tech military-level developer, and the Rostelecom its largest digital services operator have launched production of the Russian smartphones AYYA T1 with protection against data leakage. It is based on the Aurora mobile operating system, also developed by Rostelecom. The phone is available for corporate customers in two versions – with Android 11 […]
An on-going debate has been raging in the West about using frozen Russian capital – about US$282 billion, mostly belonging to the Bank of Russia – to generate funds to give to Ukraine. Of this money, about US$6 billion is held in the United States, with the vast majority being held in Europe. Opinions on […]
The Department of Statistics of the Eurasian Economic Commission has published a monthly analytical review of the main socio-economic indicators of the Eurasian Economic Union (EAEU) for January-February 2024. During the first two months of 2024, there was an increase in industrial production of the EAEU by 3.8%, the volume of construction work performed by […]
The Russian President Vladimir Putin has addressed Russia’s business leaders concerning Russia’s economic strength and strategic goals. Saying that the Russian economy has demonstrated buoyant growth despite unprecedented external challenges, he stressed that he appreciated the contribution of the business community and proposed more engagement on strategic goals. Here are some key takeaways from Putin’s […]
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The United States House of Representatives cleared two important pieces of legislation over this weekend, both of which will affect Russia. Firstly, approval was given to extend an additional US$61 billion in loans to Ukraine, while the “Rebuilding Economic Prosperity and Opportunity for Ukrainians (REPO) Act approves the diverting of profits from Russian government capital […]
African countries have significantly boosted imports from Russia, in signs that the shift to trade development with the global south is having a profound effect on supply chains, trade flows and creating new opportunities. Africa outperformed Russia’s trade partners from the Americas – the United States, Canada, Mexico and Latin America. In 2023, the share […]
The International Monetary Fund (IMF) has raised its outlook for Russian GDP growth in 2024 to 3.2% from the 2.6% it was predicting in January, it said in its April World Economic Outlook update, published on Tuesday (April 16). The IMF forecast is above the 2.2% growth the Russian Economic Development Ministry and 1.0%-2.0% that […]
Our much-praised Russia’s Pivot To Asia PDF Guide is now available for download. This comprehensive book contains details of Russia’s trade and development with over 80 countries as well as analysis on new supply chain routes, trade agreements, and Russia’s involvement with the BRICS, EAEU, SCO and Belt & Road Initiative. Contents include: Russia & […]
Despite Western sanctions on Russia and the threat of sanctions being levied upon several Central Asian countries, industrial production in the Eurasian Economic Union (EAEU) increased by 6.6% in January-February of this year, the press service of the Eurasian Economic Commission (EEC) reported on Tuesday. The ECC is the management board of the EAEU. Industrial […]
Russia’s MTS Bank, the fintech arm of Russia’s leading mobile phone operator MTS, has announced plans to carry out an initial public offering of its common shares on the Moscow Stock Exchange. Investors will be offered newly issued shares, with the proceeds from the IPO used to implement the bank’s growth strategy and further scale […]
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