Russian Market

Putin

President Putin’s Annual Q&A: The Economy and BRICS: Analysis

BRICS, Economy, Russian Market

The Russian President, Vladimir Putin gave his annual public Q&A address yesterday, with him fielding questions from across Russia, including the general public and journalists. 2.2 million questions were received, ranging from the situation in Ukraine, which tended to dominate, to personal issues such as ‘What do you dream about?’ And what artworks he has […]

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Russia – Japan Total Trade Down, But Russian Exports To Japan Up

Asia, China, Russian Market, Trade

The practical difficulties of imposing sanctions upon Russia on an economy are adequately shown in Russia’s 2024 bilateral trade data with Japan, which has declined by 15.9% during 2024. However, a closer look at the data reveals that the trade damage inflicted has been on Japanese products – its exports to Russia were down 22.2%,

Russia – Japan Total Trade Down, But Russian Exports To Japan Up Read More »

Direct Sharjah – Sochi Flights To Start From June 2025

BRICS, Eurasian Economic Union, Logistics & Transport, Middle East, Russian Market, Trade

Air Arabia plans to launch direct flights on the Sharjah, of the United Arab Emirates, to Sochi on  Russia’s Black Sea Coast route starting from June 27, 2025, according to Sochi Airport. Flights will operate three times per week on Mondays, Wednesdays, and Fridays on narrow-body Airbus A320 aircraft, with travel time just under four

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BRICS AI

Russia’s Sovereign Wealth Fund Invests In A BRICS+AI Alliance

BRICS, Infrastructure, Investment, Russian Market, Trade

Russia’s State-Owned Direct Investment Fund (RDIF) has announced the launch of a strategic alliance within the BRICS to jointly develop Artificial Intelligence (AI), according to Kirill Dmitriev, the RDIF chief executive. RDIF’s government mandate is to make investments in high-growth sectors of the Russian economy, as well as co-invest alongside the world’s largest institutional investors,

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Interest Earned By Russian Frozen Financial Assets Now Given To Ukraine – Analysis & Global Implications

BRICS, Economy, Finance, Regulatory, Russian Market, Security

The United States and European Union have green-lit a decision to pass interest earned by Russian securities frozen in the US and EU to Ukraine, to use in order to repay a US$20 billion loan. We examine the implications and the potential global fallout over this unprecedented financial development.   The Total Amount Due The US

Interest Earned By Russian Frozen Financial Assets Now Given To Ukraine – Analysis & Global Implications Read More »

Eurasian Economic Union Reaches Agreement on Unified E-Commerce  

Eurasian Economic Union, Exports, Imports, Russian Market, Trade

The Eurasian Economic Union (EAEU) has reached an agreement on a draft document regarding e-commerce in goods within the EAEU territory which sets unified requirements for the operations of EAEU marketplaces. The EAEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia and fits the geographic space between Eastern Europe and Western China. It has a population

Eurasian Economic Union Reaches Agreement on Unified E-Commerce   Read More »

Rubber

Asia’s Rubber Exports To Russia To Decline As SIBUR Looks To Introduce Synthetics

Asia, Imports, Investment, Russian Market

Russia’s SIBUR, a major integrated petrochemicals company, is finalizing tests of experimental tires made with synthetic rubber instead of natural rubber in collaboration with its partners and plans to present the results in 2025. Daria Borisova, SIBUR’s Managing Director for Development and Innovation, said that preliminary results from bench, test site and durability tests confirm

Asia’s Rubber Exports To Russia To Decline As SIBUR Looks To Introduce Synthetics Read More »

Russia Relaxes Visa Requirements For Another Eleven Countries: The Demographics 

Africa, Asia, Infrastructure, Russian Market, Trade

Russia has announced an expansion of the list of countries whose nationals are eligible for its single-entry electronic visa (e-visa), including three African countries: Kenya, Eswatini, and Zimbabwe. The move is expected to improve travel between Russia and countries concerned, boosting tourism, business, and cultural exchanges. Russian Prime Minister Mikhail Mishustin signed an order on

Russia Relaxes Visa Requirements For Another Eleven Countries: The Demographics  Read More »

Russia’s Ozon To Import Indian Workers To Offset Russian Labour Shortages

BRICS, India, Logistics & Transport, Russian Market, Trade

Russian e-commerce giant Ozon is looking at recruiting thousands of skilled workers from India, according to reports from Russian media. The move highlights Russia’s increasing focus on sourcing labour resources from friendly nations as it grapples with a shortage of workers. Ozon’s legal entity, Internet Solutions LLC, is actively working with Indian recruitment agencies to

Russia’s Ozon To Import Indian Workers To Offset Russian Labour Shortages Read More »

China Auto Manufacturer Considering Manufacturing Facility In Siberia and Russian Far East

China, Foreign Investment, Imports, Russian Market

A Chinese automaker is considering Novosibirsk and Irkutsk regions as possible locations for a plant, the chairman of the Russian-Asian Union of Industrialists and Entrepreneurs (RAUIE), Vitaly Mankevich has stated. He was speaking at the GlobalSibExpo-China 2024 Automobile Transport, Logistics and Engineering Forum in Novosibirsk. Mankevich said that “The construction of a Chinese automobile company’s

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