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.
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 […]
The Chinese Hurun Research Institute has released its latest Global Rich List rating, with a surprise result in that India’s Mumbai has surpassed the Chinese capital Beijing in terms of the number of billionaires living there. Mumbai is now in third place in the world rankings after New York and London. In Russia, according to […]
Western sanctions on Russian diamonds are proving good business for Mumbai and Dubai, where European traders and cutters are now relocating too, after Brussels decided to impose sanctions on Russian sourced gems. Russia is the world’s largest supplier of raw diamonds, mostly sourced from Siberia’s Yakutia region. Neither India nor Dubai have followed the sanctions […]
The subject of Ukraine’s public debt is shortly to become a pressing issue as the International Monetary Fund (IMF) has scheduled a meeting to discuss it with creditors on April 17. The IMF have already stated that the matter requires ‘deep treatment’. According to Focus Economics, Ukraine’s Public Debt reached 78.5% of GDP in 2022, and is almost certainly […]
In a nod to the BRICS grouping’s ability to increase trade and alternative supply chains, Russia exported 900,000 tonnes of wheat to Brazil in 2023, rising from fourth place to second place among Brazil’s leading suppliers, according to Russia’s Agriculture Ministry Agroexport center. Argentina is traditionally Brazil’s largest supplier of wheat, with a market share […]
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The phrase “Russia’s Pivot to Asia” has been in use for over a decade – and deployed by many to describe the reactions of Russia towards to economic sanctions imposed by the West. Those began in 2012. So, with over ten years of tracking this phenomenon, how accurate has Western media been in detailing what […]
On March 18, 2014, the Republic of Crimea and the city of Sevastopol became part of Russia. The Russian newspaper Kommersant has published data on how Crimea has changed since it returned to Russia. GDP Growth From 2014 to 2022, the GDP of Crimea increased 3.5 times — from ₽189.4 billion to ₽655.9 billion (US$9.32 […]
The new spring 2024 schedule for Russian airlines flight schedules includes the opening of new foreign destinations and the resumption of previously existing, but mothballed routes. Details are as follows: Russia-China Yakutia Airlines are to begin operating direct regular flights on the Yekaterinburg-Beijing route from April 4, with departures three times a week on Mondays, […]
An Atlantic Council study published on Thursday showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring the launch of a central bank digital currency (CBDC). This number has surged from just 35 since May 2020. The development is significant as it seems to predict an almost universal move […]
The Russian economy is in the investment phase of growth, with investment activity at a record level and imports of investment goods are growing, according to Central Bank of Russia (CBR) Governor Elvira Nabiullina. She made the comments following a meeting of the regulator’s board, at which it held the key interest rate at 16%. […]
The influential World Geostrategic Insights (WGI) forum has provided an interview with US-Russia expert Paul Goncharoff concerning Russia taking the Chairmanship for the BRICS group for 2024. The WGI also namechecked our own new Russia’s Pivot To Asia guide, which contains extensive chapters and details of the prospects for BRICS 2024. It can be downloaded […]
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