Russia’s AGD Diamonds has recovered a rare, high-quality diamond weighing 228.62 carats at the Grib deposit in the Arkhangelsk Region. AGD Diamonds said that its specialists have classified the crystal as a type II diamond with minimal nitrogen content. This type of stone is extremely rare and accounts for a small percentage of natural diamonds […]
The creation of a unified Special Economic Zone (SEZ) covering the entire Siberian Federal District, with common tax and investment preferences for each region within it, could become a driver for Siberian development, according to Elena Bezdenezhnykh, the vice president of JSC Rusal Management. She said that “We have 59 SEZs in the country. The […]
The first cryptocurrency transactions could be conducted in normal Russian domestic transactions by the end of this year if the corresponding law is passed, according to Ekaterina Lozgacheva, the head of the Central Bank of Russia’s financial market strategic development department. She said that “We expect that in the near future, when the draft bill […]
The Russian company MK-Polymer , a resident company of the Seversk development territory in the Tomsk Region, supplied a batch of ethylene-propylene rubber to Kazenergokabel, the largest cable factory in Kazakhstan, and conducted operational tests on it, the company said. The joint work was aimed at testing the use of new materials in cable production. […]
Russia retained its position as the main supplier of crabs to the Chinese market in 2025, the Russian Fisheries Association (VARPE) has stated. Last year, Russia’s share in China’s crab imports in physical terms grew to 34.2% from 31.2% in 2024 and to 59.3% from 58.4% in value terms, VARPE said, citing Chinese customs statistics. […]
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The SME services sector in Russia is feeling an economic pinch, as the multiple effects of sanctions, inflation, and high interest rates combine to make certain sectors of the Russian consumer economy distressed. At present, this is being felt by the restaurant trade, with hundreds of small cafes forced to close. It is an early […]
Part Two of a Seven-Part Series in which we document the rise of the new outbound Russian entrepreneurial investor. From 2022 onward, Russia’s entrepreneurs and companies have been reshaping their foreign economic engagements in response to geopolitical realignments. As Western sanctions constrained access to traditional Western markets, Russia’s business community began to seek deeper footholds […]
Russia will help foreign citizens who have expertise in various fields to move to the country and obtain citizenship, President Vladimir Putin has stated. He was speaking at a meeting of the Russian Agency for Strategic Initiatives (ASI) Supervisory Board on Wednesday (February 18). In 2024, Putin signed a decree making it easier for foreigners […]
Russia’s FESCO transportation group has achieved a new weekly record volume of railway container transport from the Vladivostok Commercial Sea Port. From 9 to 15 February, 6,767 TEU were sent from VMTP as part of 45 container trains. This is 62 TEU more than the previous weekly maximum achieved in August 2024. FESCO stated that […]
Russia’s FESCO Transport Group has launched container shipping between Cambodia and Russia as part of expanding its maritime services, the company has said. Cambodia is in Southeast Asia and a member of the ASEAN trade bloc. It is also in the process of negotiating a Free Trade Agreement with the Eurasian Economic Union (EAEU), which […]
Russian President Vladimir Putin has met with Madagascar’s interim president, Michael Randrianirina, in Moscow. Putin noted that the two countries have many promising areas of cooperation, including agriculture, geological exploration, energy, medicine, healthcare, and education, saying that “Many students from Madagascar have already received higher education in Russia and are highly qualified.” President Randrianirina emphasized […]
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