The Japan National Tourism Organization (JNTO) has released 2024 tourism data, showing that almost 100,000 Russian tourists visited Japan last year, 2.3 times the figure for 2023. The JNTO stated that “99,300 people travelled from Russia to Japan in 2024, 136.6% more than the year before. In 2023 tourist flows from Russia stood at 41,960. […]
The now three-year conflict with Ukraine has resulted in an almost complete deterioration in Western European and Russian political ties, with this particular struggle marked by an intensive media campaign waged against Russia. That has manifested itself in a somewhat unique, blanket overview of the conflict, largely directed by the pro-Kiev factions, sometimes to a […]
2024 saw the biggest tax base reform in Russia for the last twenty years, with numerous changes. The tax innovations will affect all Russian citizens, foreigners working in the country, individual entrepreneurs, as well as small and large businesses. The move to “a fairer distribution of the tax burden” for those with higher personal and […]
Jim Rogers, the legendary American investor and hedge fund manager has predicted a Russian economic boom once the Ukraine conflict ends, allowing foreign investors to return to the market. In an interview he gave on January 8th, Rogers said the resolution of the conflict would stabilize the geopolitical situation and positively impact Russian bonds, the […]
Contracts from international financial organizations will appear on the Russian government procurement website. These include projects being tendered for by several international banks that Russia holds equity and invests in, including the New Development Bank (NDB – formally known as the BRICS Development Bank). The NDB plans to unfreeze investments in Russia — money that […]
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A symbol, as well as being representative of Russia’s move to replace previously EU manufactured imported products with products of Russian origin is Russia’s viniculture sector. Wines from Italy, France and Spain have long been popular in Russia, with these three countries alone accounting for 80% of all EU wine exports. In addition, viniculture is […]
2024 was marked by distinct changes in Russia’s foreign trade turnover, as sanctions and geopolitical instability forced the Russian economy to adapt to a new normal. Despite these challenges, exports grew by 0.5% to reach US$278 billion in value, while the focus of attention of Russian suppliers was Asia, Africa and the CIS countries. It […]
The global market for commercial drone delivery systems will grow by more than 40% annually in the near future, according to analysts, who consider air delivery systems to be part of a new low-altitude economy that includes air taxi, sightseeing and cargo transportation. By 2030, the volume of the low-altitude economy in China alone should […]
The suspension of Russian banks from SWIFT, and sanctions resulting in Amex, Visa and Mastercard withdrawal from providing services in Russia have made it difficult for foreign visitors to access their own money while in Russia. It has also made it difficult to remit money to Russia for payment of goods or services, or for […]
Decision is almost certainly due to Euroclear diverting profits from frozen Russian capital to Ukraine Belgian brewer Anheuser-Busch InBev and Turkey’s Anadolu Efes have lost, in the case of the latter, perhaps temporarily, in their attempts to strike a deal for the assets of Russian joint venture Anheuser-Busch Inbev Efes. On Monday, January 1, Russian […]
Russia ranks third in its readiness to implement Autonomous Transport (AT) systems among the BRICS, CIS and partner countries, second only to China and the United Arab Emirates and ahead of countries such as Saudi Arabia, Brazil and Turkiye, according to the latest Kept (ex-KPMG) ratings. For the assessment, Kept’s analysts compared countries with each […]
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