Russia’s VTB bank has rolled out a QR code payment system throughout Thailand, allowing its Russian clients to make instantaneous payments of up to US$1,3460 a time via selected outlets. With 2 million Russian tourists expected to visit Thailand this year, the system bypasses Western financial sanctions and gives back independence to both Thai retailers and Russian consumers.
Russia has tweaked its inbound foreign investment requirements and is looking for FDI that will utilise Russian manufacturing to add value. In addition, the ‘buy-back’ re-entry requirements into Russia for companies that exited the market yet wish to return have been tightened. We also examine the current inbound FDI volumes into Russia and look at the numbers of Western investors remaining operational in the country.
Russia’s MC-21-310 aircraft, built using entirely Russian-made components, has taken to the skies for the first time, the state-run Joint Aviation Corporation (OAK) has said. The development of the aircraft renders Western aviation sanctions against Russia increasingly redundant and has instead boosted Russian engineering and manufacturing capabilities.
Russia’s development of its domestic freight and logistics sector is expected to grow by over 13% in the period 2026-2031. We provide a comprehensive breakdown of this data – which is nearly 3 times more than the United States growth, and over 4 times more than the European Union over the same period.
Russia has become the world’s second largest supplier of coriander spice to the global market, according to the Russian Agroexport federal center. India is the largest exporter, while most of Russia’s exports go to ASEAN, Central Asia and the Middle East.
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The Russia-China auto JV producing Tenet vehicles has just started production in St.Petersburg. The plant has been refitted after US auto maker General Motors pulled out of the Russian market incurring significant losses.
Rosatom’s CEO, Alexey Likhachev, has forecast a record cargo transit of forty million tonnes along Northern Sea Route in 2026, an increase of about 10% above 2025 figures. Rosatom is responsible for managing the route and provides nuclear-powered icebreakers to assist with the transit.
The Russian State Duma is poised to approve a series of investment incentives to attract investment into the Russian Arctic and Far East regions. These include five year tax breaks and other financial considerations. We provide the full investment incentive details.
Despite European media stating the contrary, the Russian economy and foreign trade data improved during January-May 2026. We examine the data, look at the underlying reasons and provide the hard evidence that support the Russian statistics.
INNOPROM Russia has just concluded, showcasing the best of Russian innovation and technical expertise. With billions of dollars of agreements signed, it marks a strategic shift to exporting technologies as opposed to commodities.
We examine the reality behind Russia’s energy shortages, the impact of Ukrainian attacks on its facilities, and how Russia’s logistics and production is changing to adapt to the short-term problems these have created. It is essential reading for anyone interested in the Russian domestic, import and export oil & gas sectors.
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