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.

Featured September 10, 2024

Russian MNC In The West Redomicile To Friendlier Jurisdictions: Two Case Studies  

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, […]

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Featured September 6, 2024

Putin’s Plenary Speech At The Eastern Economic Forum: Analysis

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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International Organizations Image
August 28, 2024

Russia To Evaluate The Performance Of Its International Participation Memberships

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 […]

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Crypto Exchange
August 26, 2024

Russian Crypto Exchanges & Stablecoins To Be Trialled To Support Foreign Trade 

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 […]

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August 22, 2024

Russia’s Trade With BRICS Countries Increases 6% In 5M 2024

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 […]

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August 20, 2024

Russian Residence Visas Available To Foreign Nationals With Shared Russian Values

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 […]

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Ruble Rupee
August 14, 2024

Russia and India Looking At Benchmark Ruble-Rupee Rate To Increase Bilateral Trade

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 […]

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Securities
August 14, 2024

Non-Russian Entities Buy Up Russia’s Frozen Foreign Securities   

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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August 8, 2024

China, Saudi Arabia and Germany Are Top Users Of Russia’s E-Visa System

Russia’s Unified Electronic Visa system for entry into Russia has been in operation now for exactly one year, with 540,900 foreign nationals using it to enter Russia.  The Russian Foreign Ministry has released data for the period August 2023 to July 2024. Bear in mind these figures are for E-Visas only and do not include […]

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Crypto Laws
August 5, 2024

Russia’s New Digital, Crypto, Cross Border Finance and Foreign Banking Laws: An Explainer

Russia just became the world’s largest crypto economy As we had predicted, Russia has adopted a law in the second and third readings that allows cross-border settlements and exchange trading in digital currency within the framework of experimental legal regimes (ELR) from September 1.  Russian lawmakers also legalized cryptocurrency mining in Russia. The Central Bank […]

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Bali
August 2, 2024

Aeroflot Expected To Provide Direct Flights To Bali From September  

Aeroflot has requested permission to arrange direct flights to and from the island of Bali, starting from September 2024, the airline has stated. The airline is now awaiting the Indonesian aviation authorities’ decision, however this is expected to be granted. Indonesian President-elect Prabowo Subianto said at a meeting with Russian President Vladimir Putin on Wednesday […]

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