Russia’s Rusal, the country’s largest aluminium producer, has completed the first stage of a deal to buy a stake in Indian alumina refinery Pioneer Aluminium Industries, acquiring a 26% interest for US$243.75 million. Rusal reported the deal in its most recent financial statement. The company is the world’s second largest aluminium manufacturer, accounting for almost […]
Russia’s Ural Automobile Plant, based in Chelyabinsk, has begun constructing a new foundry complex with an investment of ₽9.5 billion (US$118.8 million), according to the Russian Industrial Development Fund (IDF). The fund provided the plant with a ₽5 billion preferential loan for implementing the project, with the foundation stone laying ceremony held last week. The […]
Russia’s Federal Tax Service (FTS) has contributed 7% more taxes in 7M 2025, rising by ₽2.4 trillion (US$30 billion) more than the same period last year, according to FTS CEO Daniil Yegorov. Tax payments to the federal budget rose 5%. Non-oil revenues administered by the FTS increased 27% YoY (by ₽2 trillion, or US$25 billion) […]
Brazil will discuss a response to US President Donald Trump’s tariffs with other BRICS nations, Brazilian President Luiz Inacio Lula da Silva has stated. Lula said he will reach out to other BRICS nations and discuss how to tackle the tariffs. In addition, he said he would reach out to his Chinese and Indian counterparts, […]
The regional Ukraine conflict, initially a European issue, has now evolved into a new, generally unacknowledged phase that is revealing in its geographic spread and aims – it has morphed into a global economic war, essentially pitting the United States against the rest of the world. It is essentially demanding tributes from its allies, such […]
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Russia’s domestic Mergers and Acquisition (M&A) market has risen in Q2 2025, with the volume of deals reaching ₽907 billion (US$11.3 billion). According to analysts, this is due to expectations of the Central Bank of Russia easing its monetary policy, while the outflow of foreign investors from Russia has also created opportunities. Russian investors also […]
The Russian-owned Ozon Holdings Ltd has been granted permission by the Cypriot Department of Registrar of Companies and Intellectual Property to relocate to Russia, the company has reported. Ozon’s shareholders approved the decision to relocate to the Kaliningrad region’s special administrative district at the end of December this year. There, it will continue operating as […]
The category of “luxury” cars available in Russia has changed radically since 2014. While Western brands such as Ferrari, Lamborghini, Rolls-Royce https://www.rolls-roycemotorcars.com and Bugatti, have dominated the past decade, 13 ‘premium’ brands have been recently added, including China’s Hongqi, Lixiang, and Zeekr marques. Leadership in the luxury segment is consistently held by well-known Western brands […]
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 […]
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