Russian Market

Russia’s Development Readiness For National Autonomous Transport Networks

Infrastructure, Investment, Logistics & Transport, Russian Market, Security, Trade

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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rice

Russia’s 2024 Rice Harvest Up 17% To Reach A Record High

Agriculture, Asia, Exports, Russian Market, Trade

The Russian Ministry of Agriculture has stated that Russia has produced a record rice harvest this year, amounting to more than 1.2 million tons. This is 17% higher than for 2023. According to the Ministry, Russia now has 207,000 hectares of rice under production. Almost two-thirds of that is from Krasnodar, where the harvest amounted

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Digital Ruble

22 More Russian Banks Join The Pilot Project Offering Digital Ruble Accounts & Services From July 1 

Economy, Finance, Infrastructure, Russian Market, Trade

A total of 22 Russian banks have now signed agreements with the Russian Central Bank and are configuring their systems to participate in national Digital Ruble project, which is scheduled for mass-roll out by July 1st. They join Sberbank, T-Bank, Tochka Bank and twelve others that are already in the program for conducting transactions with

22 More Russian Banks Join The Pilot Project Offering Digital Ruble Accounts & Services From July 1  Read More »

Foreign Visitor To Russia Arrivals Up 95%, With Asian Arrivals Dominating

Asia, China, Imports, Russian Market, Trade

The Russian Union of Travel Industry (RUTI) has said that up to 2.5 million foreigners visited Russia for tourist and business purposes in 2024, 95% more than in 2023. The RUTI stated that “The number of foreign tourist arrivals in Russia may reach 1.8 million, in addition to about 0.7 million business trips in 2024.

Foreign Visitor To Russia Arrivals Up 95%, With Asian Arrivals Dominating Read More »

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

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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

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