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.
Trading of Chinese RMB Yuan on Russia’s foreign exchange market hit an all-time high in March, the Bank of Russia (CBR) reported in its financial risk review on Monday (April 8). Russia’s shift away from major Western currencies started with the US and EU sanctions imposed on the country over the Ukraine conflict. The financial […]
Russia’s Pivot to Asia sat down last week with a highly experienced group of people, including high-profile China and Asia experts, an American banker, and Russian academics. The question on the table: “Does the west have a game plan for Russia?” First, about the attendees. All are well known in their fields and government influential. […]
Russia’s Pivot to Asia have published our first annual Russia’s Pivot to Asia Guide, in Russian. It is a 300-page full colour PDF with maps and graphics that details Russia’s 2024 trade and development with 80 countries, in addition to evaluating new supply chain routes such as the INSTC and the NSR, and Russia’s developments […]
Russian consumers now possess more income at their disposal since pre-covid times, where according to Macrotrends Russian consumer spending rose 19.68% in 2022. That has led to seven new international brands opening their first stores in Russia during Q1 2024, according to Nikoliers a commercial real estate consulting firm. “Based on the results of the […]
The Russian Finance Ministry has transferred ₽7.8 billion (US$84.4 million) to the National Settlement Depository (NSD) to pay a coupon yield on sovereign Eurobonds maturing in 2042, the ministry said. NSD, the payment agent, has received the funds. A Eurobond is a bond issued offshore by governments or corporates denominated in a currency other than […]
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The United States has imposed sanctions against Russia’s JSC NSPK, the operator of MIR payment cards. These act as a Russian form of Visa and Mastercard and allow card holders the ability to access ATM machines, pay for goods in stores and conduct transactions. The latest countries to be targeted by US secondary sanctions are […]
Denis Manturov, the Russian Industry and Trade Ministry expects manufacturing output could grow at least 5% if current trends persist in 2024, he said to the State Duma on Wednesday (April 3). “Everything will depend on many factors, including monetary policy, but given the results we see in the first two months, I think that […]
Russia’s foreign debt, already amongst the lowest of developed nations, is continuing to be reduced as a matter of government policy. Its entities have been steadily reducing the amount of money they owe to foreign lenders, according to the latest official data. The Russian regulator and central bank, the Bank of Russia announced that national […]
Russian current SME demand for intermediary agents to work with counterparties from China is growing at a record pace and includes a whole range of services – from searching for manufacturers of goods in demand in Russia, their delivery to setting up payment processes. The popularity of intermediaries has begun to increase as Chinese banks […]
Russia’s Pivot To Asia has been asked for comments by World Geostrategic Insights for what it terms “Russia’s shift to the global south.” In four detailed and highly complex questions – we provide the answers about issues concerning Russia’s identity, the prospects for a “Greater Eurasia”, Russia’s relationship with China, and the impact of sanctions […]
Western companies that have left the Russian market have suffered billions in write-downs and lost revenue, Reuters reported on Thursday, (March 28) citing calculations based on company filings and statements. The US and its allies have placed unprecedented sanctions on Russia over the past two years in retaliation for Moscow’s military operation against Ukraine. The […]
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