Russian Transport Minister Roman Starovoit has stated that Russian airlines are to sign contracts for 200 MS-21 aircraft, with the certification process for the aircraft already underway. He was speaking at the 2025 St. Petersburg International Economic Forum (SPIEF). Western aircraft manufacturers have lost the Russian market after Western countries imposed bans on aircraft from […]
Russia’s VTB bank, the second largest in Russia, has finalized the legal merger of Crimea’s largest bank, the Russian National Commercial Bank, (RNCB), with integration procedures to be completed by the end of 2025, according to VTB CEO Andrei Kostin. He stated that “Completing RNCB’s integration is not just a technical step. We hold RNCB […]
The German Economic Institute has reported that Russia’s exports have grown considerably compared to figures recorded prior to the Ukraine conflict and despite sweeping Western sanctions. In a report published on Friday (June 13), the institute stated that “despite all European efforts, Moscow is ‘skilfully exploiting the loopholes in the sanctions regime to expand its financial resources.’” […]
Russia’s alcohol consumption behaviour has been changing in recent years due both to geostrategic changes in global markets and because of Russia’s internal policies. The latter has included a tightening of fiscal policy in the alcohol industry in early 2025, introducing higher excise taxes, higher minimum retail prices, and higher import duties. This has led to a […]
The Russian Republic of Kalmykia is set to host the 3rd International Buddhist Forum, a major international event celebrating spiritual dialogue and cultural unity. It will take place in Kalmykia’s capital city, Elista, from September 25 to 28. Kalmykia is the only Buddhist republic in Europe, located in the Eastern Caucasus. Most Kalmyks practice Tibetan Buddhism. The ancestors […]
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Russia and Myanmar are ready to sign an intergovernmental visa-free travel agreement in September, the Russian Economic Development Ministry has said. The subject was discussed at a meeting of Russian Economic Development Minister Maxim Reshetnikov and Kyaw Soe Win, Myanmar’s Minister of Hotels and Tourism at the Travel International Tourism Forum in Moscow. Reshetnikov said […]
The Russian Economic Development Minister, Maxim Reshetnikov, and Serbian Tourism and Youth Minister, Husein Memic, have coordinated a roadmap for developing bilateral cooperation in tourism. Serbia remains one of the key and fastest-growing destinations for Russian tourists with connecting flights from Belgrade to most European capital cities as well as Russia. It has become a key hub […]
Russia and Iran are drafting an agreement on cooperation in joint film production, Russian Culture Minister Olga Lyubimova said on Tuesday, saying, “Cinematography is a key area for cooperation.” New Russian and Iranian films are traditionally presented at major festivals, and there is regular exchange of delegations of filmmakers.” She was speaking after meeting with […]
The Russian Ministry of Economic Development, together with the Russian Foreign Ministry, is working on introducing the possibility of multiple uses of an electronic visa to Russia, according to Maxim Reshetnikov, the Minister of Economic Development. He was speaking at the international tourism forum “Travel!” on Tuesday (June 10). Reshetnikov said that “Currently, nationals from […]
Update: 11th June 2025The Russian President, Vladimir Putin has extended a ban on Russian oil companies selling their products at the price cap issued by the EU yesterday. It prohibits the sale of Russian oil and petroleum products to foreign legal entities and individuals if contracts stipulate the terms and conditions of the price cap set […]
As part of the recently concluded 16th International Economic Forum “Russia – Islamic World: KazanForum 2025,” a panel discussion was held on the “International North-South Transport Corridor” (INSTC). Deputy Prime Minister Vitaly Savelyev, the Special Representative of the President for the Development of the INSTC, took part in the discussions. The session also involved Russian Deputy Prime […]
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