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.
Russian airlines saw total passenger turnover rise 13% year-on-year to 18.8 billion passenger-kilometers in February 2024, according to data from Rosaviatsia – Russia’s Federal Agency for Air Transport. The figure increased nearly 7% to around 11.3 billion passenger-kilometers on domestic routes, and 24% to 7.6 billion passenger-kilometers on international routes. Airlines saw passenger traffic rise […]
Russia’s maritime crude oil exports have reached a record level in 2024, as shipments from Russian terminals in the Far East regained momentum. Oil production spiked by 590,000 barrels daily in the week ending March 10. This upswing came after Russia renewed its commitment to the OPEC+ effort to mitigate against a global market glut […]
The four regions annexed by Russia in September 2022 from Eastern Ukraine have seen a surge in taxable revenues, following their reorganisation and investments and incentives made into the territories by Moscow. Tax revenues in Donetsk, Lugansk, Kherson and Zaporozhye have continued to grow, with a total of 210 billion rubles (US$2.27 billion) raised in […]
The market for passenger cars and light commercial vehicles in Russia grew 80% in February 2024 and is forecast to continue growing in March, the Association of European Businesses (AEB) has stated in a press release. The AEB is the main representative body of foreign investors in Russia. Based on calculations by the AEB Committee […]
The Moscow Stock Exchange (MOEX) has seen an increase in domestic Russian corporate interest for conducting IPOs and SPOs compared to 2023; with more than 20 transactions potentially taking place in 2024, according to Vladimir Krekoten, the Managing Director of the exchange. Krekoten was speaking at the ‘Financial Markets: New Guidelines in a Changing World’ […]
Subscribe to receive exclusive insights and analysis on Economy.
Russian President Putin has approved the construction of the delayed High-Speed Moscow-St.Petersburg railway. Discussions on a new link were prominent in 2019, but Covid issues put the project on hold. However, in February this year, a masterplan for the Moscow-St. Petersburg line was agreed. Construction is to start immediately. At present, one line runs […]
Industrial output in the Eurasian Economic Union (EAEU) countries rose 4.7% year-on-year in January, with all EAEU countries demonstrating growth, the EAEU press service has said, stating “The EAEU had an industrial production volume of 104.7% in January 2024, on par with January 2023.” Armenia had industrial output growth of 21%, Belarus of 5.4%, Kazakhstan […]
The Russian economy will become the fourth largest economy in the world before 2030, with sustainable growth at a rate of at least 2% per year and gradual acceleration to 3%. This will yield approximately 20% growth by 2030, Russian First Deputy Prime Minister Andrei Belousov said at a meeting of Russian President Vladimir Putin […]
The Eurasian Economic Union (EAEU) and Mongolia intend to complete the preparation of a temporary agreement on setting up a free trade zone by the end of 2024, the Eurasian Economic Commission (EEC) said following consultations with Mongolian representatives earlier this week. The EAEU includes Russia in addition to Armenia, Belarus, Kazakhstan, and Kyrgyzstan. It […]
Vladimir Efimov, the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations, has stated on March 10 that Russia’s capital city now concludes about 80% of contracts for the purchase of Russian goods on its Russian supplier portal. He stated that “In 2023, Moscow customers concluded 130,400 contracts on our supplier portal […]
The Russian State Duma has approved in the first reading this March, a bill on the gradual decoupling of prices for goods on the domestic market of Russia from global indicators. This means about the possibility of the Russian Federal Antimonopoly Service (FAS) to not take these into account when determining the monopoly high and […]
Русский
