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Featured June 4, 2025

Russia To Develop Space Tourism Industry: Prospects

Russia’s Roscosmos is planning to send space tourists to the Russian space station currently under development, according to Roscosmos CEO Dmitry Bakanov. He stated that “Instead of the ISS (International Space Station), there will be a Russian space station where we are planning to develop tourist missions as well.” Russia is creating the new station […]

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Featured June 3, 2025

Russia To Invest Millions Into The Creation Of New Industrial Parks

The Russian government will allocate nearly ₽860 million (US$11 million) this year to finance the development of industrial parks and techno parks in numerous regions. Industrial and technological parks were a key component of China’s manufacturing success from the early 2000’s to the present day. They offer investment incentives, such as tax breaks, reduced utility […]

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June 2, 2025

Russia Launches New Sadko 9 Off Road Truck For Tough Terrain Logistics

Russia’s Modern Transport Technologies (STT) company has just launched sales of its new Sadko 9 vehicle, according to a company press release. This medium-duty 9-ton all-wheel-drive truck is built for rugged conditions and is aimed at buyers requiring off-road capabilities and support for heavy mounted equipment. This all-wheel drive truck has a load capacity of […]

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May 31, 2025

Russian Summer 2025 Outbound Tourist Volumes Expected To Increase 24.8%

Outbound tourism from Russia may reach some 6.4 million this coming summer, which is a 24.8% increase from last year, the Russian Association of Tour Operators (ATOR) said on Friday (May 30). Artur Muradyan, vice president of ATOR for international tourism, said that “The early booking of summer vacations is almost twice as successful this […]

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May 30, 2025

Russia To Open Consulate In Sharm-El-Sheikh

Russia is to open a Consulate General in the Egyptian resort city of Sharm El-Sheikh, according to a decree signed by Russian Prime Minister Mikhail Mishustin and published on Tuesday. It will be the second Russian Consulate General in Egypt, along with the one located in another resort city, Hurghada, and the Russian Embassy in […]

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May 29, 2025

Sberbank To Issue Bonds Tied To Crypto Values

Russia’s Sberbank is developing structured bonds whose yields will be tied to cryptocurrency price movements, according to Sberbank Executive Board Deputy Chairman Anatoly Popov. He said that “In the near future, we will present investors with a product that provides convenient and secure exposure to cryptocurrency assets – without direct ownership of cryptocurrencies, while fully […]

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May 28, 2025

Foreign Business Asset Buy-Back Laws Considered By State Duma

In June, the Russian State Duma will consider a bill prohibiting the buy-back of shares to foreign companies in the second and third readings. The document has already been approved by the Russian Ministry of Finance. The bill describes in which cases foreigners will be refused the ability to buy back their once-owned assets, with […]

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May 28, 2025

Russia-China Flights Up 57% Year on Year

Nearly 2,000 flights have been made between Russia and China as of April 2025, up 57% year-on-year, according to Wang Riu of the China National Tourist Office in Moscow. She said, “The number of flights between China and Russia is growing, with flights between Russian and Chinese cities reaching 1,903 in April 2025. This is […]

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May 27, 2025

Vietnam Budget Airline To Launch Vladivostok Flights

The Vietnamese low-cost carrier VietJet Air plans to launch direct regular flights from Hanoi (Noi Bai Airport) to Vladivostok starting June 15, according to Vladivostok Airport’s schedule, with flights operating twice a week on Airbus 321 aircraft. VietJet Air was established in 2007 and positions itself as an international low-cost carrier. Its headquarters is located […]

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