Russia’s non-resource, non-energy exports are adapting to new conditions and strengthening their positions in the eastern and southern markets. In 2024, the positive balance of foreign trade increased by almost 8%, with exports to Africa and Asia continuing to grow. Export development reflects the potential of the domestic industry: Russian companies produce more than the […]
Russia’s Mariinsky Theatre Symphony Orchestra, conducted by Valery Gergiev, undertook a first comprehensive acoustic rehearsal at the newly constructed Sirius Concert Hall in Sochi. The rehearsal took place on Saturday (July 26) as part of the Sirius Summer Music Festival, which is currently running from July 15 to August 24. According to Gergiev, the Sirius […]
The share of the Russian ruble in payments for Russian exports has surpassed 50% of the total for the first time, according to the Russian Central Bank. Moscow and many of its trading partners have stepped up efforts to reduce exposure to the Western financial system since major Russian banks were cut off from […]
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 […]
China’s Great Wall Motors (GWM) will build a new plant for the production of automobile components and transmissions in Russia’s Tula Region. GWM and the regional government signed the agreement on the sidelines of the St. Petersburg International Economic Forum in June. The plant, which will create 1,000 jobs, will be built at the Uzlovaya […]
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Türkiye’s aquaculture exports reached US$217 million in H1 2025, with Russia and Belarus emerging as the leading buyers, according to data compiled from the Aegean Fisheries and Animal Products Exporters’ Association. Turkish salmon emerged as the fastest-growing product in Türkiye’s aquaculture sector. Russia previously sourced its salmon from European nations such as Norway, but sanctions […]
WhatsApp might be blocked in Russia as early as August 2025, according to some media. Russian federal and municipal authorities are transferring their chats from WhatsApp and, in some cases, Telegram to the MAX app The Kremlin believes that the risks of Telegram being blocked are significant, thus the concern of losing the large […]
The Russian President, Vladimir Putin has said that Russia is considering the issues of building access roads to the state border with Kazakhstan, Mongolia, China and North Korea. He was speaking at the opening ceremony of the M-12 Vostok (East) Highway. Putin stated “We are going to continue proactively develop the Vostok route. It should […]
Russia’s FESCO Transport Group have organised the dispatch of the first container train on the Vladivostok Nizhnekamsk (Tatarstan) route with imported goods for businesses in the Kama Economic Zone. The Kama Economic Zone is a key component of Tatarstan’s economic strategy, focusing on industrial and production activities within the region. It’s a designated area aimed […]
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 […]
Russian Deputy Prime Minister Dmitry Patrushev has met with leaders of several Moldovan political parties: Igor Dodon of the Socialists of the Republic of Moldova, Irina Vlah of the Heart of Moldova party, and Vasile Tarlev of the Future of Moldova party. Current Moldovan politics has become extremely partisan for a small country. In essence, […]
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