Economy

workers

Average Salaries In Russia Set To Increase By 12% In 2025

Economy, Finance, Russian Market

Average monthly salaries in Russia are expected to grow to ₽100,000 (US$1,273) by the end of 2025, an increase of 12% over the year, according to Izvestia, Russia’s equivalent of the Financial Times. The best earners now are in the IT sector, finance and raw material extraction, insurance, construction, transportation and storage, while the manufacturing […]

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EU CIS

Commonwealth Of Independent States GDP To Equal European Union’s By 2050 

Commonwealth of Independent States, Economy, Finance, Infrastructure, Trade

Based on current GDP growth trends, the Russian-backed Commonwealth of Independent States is likely to reach GDP economic parity with the European Union and may even overtake it, by 2050. The current GDP (PPP) of the European Union is €25.09 trillion, with a current average growth rate, according to the World Bank, of 1.2%. The

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Lavrov SCO

Russian Foreign Ministerial Statements and Q&A At The Shanghai Cooperation Organisation: Content & Analysis  

Asia, China, Economy, Finance, India, Infrastructure, Middle East, Security, Shanghai Cooperation Organisation, Trade

The Russian Foreign Minister, Sergey Lavrov, has summarised his meetings with the Foreign Ministers of the Shanghai Cooperation Organisation (SCO) which has been held in Tianjin, China. These are important geopolitical discussions, with the SCO including full members Belarus, China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan. Afghanistan and Mongolia are observers, while

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CIS Flag

Commonwealth Of Independent States 2025 GDP Growth Data and Trade: Analysis

Commonwealth of Independent States, Economy, Exports, Imports, Trade

The member countries of the Commonwealth of Independent States are illustrating good economic growth during 2025, according to forecasts taken from Eurasian Development Bank data. They are averaging GDP growth rates for the year at 4.7%. Details are as follows: Country 2025 GDP growth forecast Armenia               4.5%   A return to normality following conflict with

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Iran

Russia, Iran Bilateral Developments: July 2025 Update

Economy, Infrastructure, Middle East, Security, Shanghai Cooperation Organisation, Trade

Russia’s Foreign Minister, Sergey Lavrov, met with Foreign Minister of the Islamic Republic of Iran Abbas Araghchi on July 15, (Tuesday) on the sidelines of the Shanghai Cooperation Organisation’s (SCO) Foreign Ministers Council Meeting in Tianjin, China.  They continued their exchange of views on regional and international issues of mutual interest. They reiterated the imperative

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Gold

Russia To Begin Trading Gold On St. Petersburg Exchange

BRICS, Economy, Eurasian Economic Union, Finance, Russian Market, Shanghai Cooperation Organisation, Trade

Russia, the world’s second-largest gold producer, is to free itself from the current dependence of gold prices on the London Stock Exchange (LSE), and plans to launch gold trading on the St. Petersburg Exchange (SPIMEX) by the end of the year. One of the main objectives of the exchange when launching a new market is

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WTO-Russia

Russia, World Trade Organisation To Collaborate On Reform

BRICS, Economy, Finance, Regulatory, Trade

The Russian Foreign Minister, Sergey Lavrov, has met with the Director-General of the World Trade Organisation Ngozi Okonjo-Iweala on the sidelines of the BRICS summit in Rio de Janeiro. They both reaffirmed the need for prompt reform of the WTO based on inclusiveness, non-discrimination, transparency and mutual respect, and exchanged views on several aspects of

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BRICS

President Putin’s Plenary Speech At BRICS 2025: Content & Analysis    

BRICS, Economy, Finance, Infrastructure, Investment, Russian Market, Security, Trade

The Russian President, Vladimir Putin, gave a speech at the main Plenary session of the BRICS 2025 annual Heads of State summit currently being held in Rio de Janeiro. In it, he discussed the BRICS growth, economic data, global payment systems and several potential new initiatives including the creation of a BRICS carbon trade mechanism,

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Lavrov

Russian Foreign Minister Discusses Multipolarity, Global Reform, Economics and AI At 2025 BRICS: Contents & Analysis

BRICS, Economy, Finance, Infrastructure, Trade

The Russian Foreign Minister, Sergey Lavrov, has been representing Russia at the BRICS 2025 Heads of State annual meetings in Rio de Janeiro. He spoke at a session themed “Strengthening the Multilateral World Order, Financial and Economic issues, & Artificial Intelligence.” Lavrov’s comments mainly focused on the current state of the global economy, the need

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