Crimean producers have been having something of a banner year with sales onto the mainland Russia market, with sales of fast-moving consumer goods (FMCG) produced in the region increasing by almost 40%. Sales of Crimean wines are amongst the most popular. According to a study by the analytical company Nielsen from February 2024 to February […]
A potential consequence of tariff wars triggered by the new U.S. administration’s decisions for Russian businesses could be the weakening of the Chinese RMB Yuan, and consequently increased competitiveness of Chinese manufacturers in foreign markets, including Russia, Kirill Tremasov, an advisor to the Central Bank of Russia’s governor has stated. Tremasov said that “One possible […]
The International North-South Transportation Corridor (INSTC), which links Russia to the Middle East, East Africa and South Asia, is set to increase its carrying capacity by 8.3 million vehicles per year, according to the Russia Federal State Budgetary Institution, Rosgranstroy. All major construction and reconstruction works are expected to be completed by 2030, which includes […]
The countries of the Global South, which include 133 countries in Asia, Africa, Latin America and the Middle East, will trade more actively with China in the next decade, the Boston Consulting Group (BCG) has stated in their latest report. They note that trade turnover between China and the Global South will grow by 5.9% […]
A Sukhoi Superjet 100 (SJ-100) aircraft with all of its component parts made in Russia has joined Russia’s test flight program, the aircraft manufacturer, Rostec has stated. The aircraft, bearing factory number 97003 performed its maiden flight in Komsomolsk-on-Amur. The trials were designed to test and prove the capability and stable operations of all the […]
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In signs that some businesses are preparing to return to the Russian market, South Korea’s auto giant Hyundai has registered at least eight new trademarks with Russia’s intellectual property service, Rospatent, this month. The filings suggest that Hyundai could be preparing for a return to the Russian market. The new trademarks grant the company the […]
Russia’s Trade & Industry Ministry has stated that Russia will impose increased customs duty of 35% on perfume, eau de toilette, powder, hair and lip makeup products, as well as skin care products imported from unfriendly countries. The tariffs are immediately effective. The Ministry notes said that the updated list of goods subject to duty […]
French luxury brand Louis Vuitton has registered up to six new trademarks in Russia, according to media reports citing records kept by the country’s federal intellectual property agency, Rospatent. Louis Vuitton filed an application in October, and Rospatent registered a new trademark this month, which is valid until 2034. The Rospatent database apparently shows that […]
The European Union has lost another listed company to Russian domiciliation as video analytics solutions developer NtechLab has completed redomiciliation from Cyprus to the Kaliningrad Region Special Administrative District. The entity will be known as IPJSC NTK. N-Tech.Lab LTD owns NtechLab’s main operational legal entity in Russia – NTech Lab LLC, which is a world […]
The independent Ranking Royals analytics company, which measures statistical data on a global basis, has released its latest survey, this time on global IQ measurements. Testing 1.39 million individuals from 100 countries from January 1st this year, the findings showed that the countries with the highest IQ’s were Asian, with China leading with an average […]
The policy of de-dollarizing the Russian economy has been boosted over the past three years, mainly as an obvious reaction to US dollar sanctions being placed upon the country. Russian Deputy Prime Minister Alexei Overchuk said at the Federation Council that Russia has effectively completed a transition to settlements in national currencies: by the end […]
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