The Russian government has approved another four Russian-made, Chinese branded vehicles for use as taxis. We provide the full list of approved vehicles for this market. Demand for taxi rides is a fast growing sector of the public transport industry in Russia.
The crisis in the Middle East is drastically affecting Russian oil prices and creating fluctuations in the value of the Ruble. We examine the implications, how the Russian government is benefiting, while at the same time being cautious and managing the situation. We provide analysis of how these issues can be expected to impact the Russian economy and the Russian domestic consumer over the course of this year.
The Russian domestic consumer market can expect supply chain difficulties due to the United States and Israeli attacks on Iran. We explain the developing logistics bottlenecks, which products are likely to be impacted and expected price rises.
A Moscow regional court has ruled in favour of US Domino’s Pizza after a Russian national got tattooed with their logo and won a competition to have free Domino’s Pizza for 100 years. The company pulled out of the Russian market in 2023 and bankrupted their local franchisee. We explain the upholding of international legal protocols by Russia in this unusual case.
The Future Technologies Forum has been taking place in Moscow, a premium annual event that showcases and discusses the technologies of tomorrow, the impacts these may have and how to adapt to them. President Putin usually gives the Plenary speech, a signal of how important these issues are to Russia’s development. This year’s theme was […]
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Russia and Belarus are planning to launch cross-border suburban trains, which will operate on the basis of free movement within the Eurasian Economic Union, according to Alexander Khoroshevich, First Deputy Head of the Belarusian Railways. Citizens of both countries and foreigners holding residence visas of either may use the cross-border service without needing to pass […]
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 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 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 […]
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 […]
The Russian President, Vladimir Putin, has met with the head of the Republic of Ingushetia, Makhmud-Ali Kalimatov. Ingushetia is part of the Russian Federation yet has some autonomous control. It is situated in the North Caucasus and has a population of about 527,000. Kalimatov stated that the development of local industrial sites and their associated […]
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