Russian Market

Russian Government Procurement From the BRICS, Asian and Eurasian Banks

BRICS, Finance, Infrastructure, Russian Market, Trade

Contracts from international financial organizations will appear on the Russian government procurement website. These include projects being tendered for by several international banks that Russia holds equity and invests in, including the New Development Bank (NDB – formally known as the BRICS Development Bank). The NDB plans to unfreeze investments in Russia — money that […]

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How Russia Is Repositioning Its Wine Industry To Boost BRICS and Domestic Production 

Agriculture, BRICS, Imports, Russian Market, Trade

A symbol, as well as being representative of Russia’s move to replace previously EU manufactured imported products with products of Russian origin is Russia’s viniculture sector. Wines from Italy, France and Spain have long been popular in Russia, with these three countries alone accounting for 80% of all EU wine exports. In addition, viniculture is

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Russia’s Foreign Trade: 2024 Changes and 2025 Trends

BRICS, Economy, Exports, Imports, Russian Market, Trade

2024 was marked by distinct changes in Russia’s foreign trade turnover, as sanctions and geopolitical instability forced the Russian economy to adapt to a new normal. Despite these challenges, exports grew by 0.5% to reach US$278 billion in value, while the focus of attention of Russian suppliers was Asia, Africa and the CIS countries. It

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Developing Russia’s Low Altitude Economy & Civilian Cargo Drones: Waiting For Lift Off

Economy, Investment, Russian Market

The global market for commercial drone delivery systems will grow by more than 40% annually in the near future, according to analysts, who consider air delivery systems to be part of a new low-altitude economy that includes air taxi, sightseeing and cargo transportation. By 2030, the volume of the low-altitude economy in China alone should

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How Foreigners Can Pay For Goods & Services In Russia

Finance, Foreign Investment, Imports, Infrastructure, Russian Market, Trade

The suspension of Russian banks from SWIFT, and sanctions resulting in Amex, Visa and Mastercard withdrawal from providing services in Russia have made it difficult for foreign visitors to access their own money while in Russia. It has also made it difficult to remit money to Russia for payment of goods or services, or for

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beer

Belgium’s Anheuser-Busch InBev and Turkiye’s Anadolu Efes Lose Total Equity On Russian InBev Beer Takeover

Agriculture, Finance, Foreign Investment, Russian Market

Decision is almost certainly due to Euroclear diverting profits from frozen Russian capital to Ukraine Belgian brewer Anheuser-Busch InBev and Turkey’s Anadolu Efes have lost, in the case of the latter, perhaps temporarily, in their attempts to strike a deal for the assets of Russian joint venture Anheuser-Busch Inbev Efes. On Monday, January 1, Russian

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Russia’s Development Readiness For National Autonomous Transport Networks

Infrastructure, Investment, Logistics & Transport, Russian Market, Security, Trade

Russia ranks third in its readiness to implement Autonomous Transport (AT) systems among the BRICS, CIS and partner countries, second only to China and the United Arab Emirates and ahead of countries such as Saudi Arabia, Brazil and Turkiye, according to the latest Kept (ex-KPMG) ratings. For the assessment, Kept’s analysts compared countries with each

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rice

Russia’s 2024 Rice Harvest Up 17% To Reach A Record High

Agriculture, Asia, Exports, Russian Market, Trade

The Russian Ministry of Agriculture has stated that Russia has produced a record rice harvest this year, amounting to more than 1.2 million tons. This is 17% higher than for 2023. According to the Ministry, Russia now has 207,000 hectares of rice under production. Almost two-thirds of that is from Krasnodar, where the harvest amounted

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Digital Ruble

22 More Russian Banks Join The Pilot Project Offering Digital Ruble Accounts & Services From July 1 

Economy, Finance, Infrastructure, Russian Market, Trade

A total of 22 Russian banks have now signed agreements with the Russian Central Bank and are configuring their systems to participate in national Digital Ruble project, which is scheduled for mass-roll out by July 1st. They join Sberbank, T-Bank, Tochka Bank and twelve others that are already in the program for conducting transactions with

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Foreign Visitor To Russia Arrivals Up 95%, With Asian Arrivals Dominating

Asia, China, Imports, Russian Market, Trade

The Russian Union of Travel Industry (RUTI) has said that up to 2.5 million foreigners visited Russia for tourist and business purposes in 2024, 95% more than in 2023. The RUTI stated that “The number of foreign tourist arrivals in Russia may reach 1.8 million, in addition to about 0.7 million business trips in 2024.

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