Russian Market Archives - Page 30 of 35

Featured March 31, 2025

President Putin’s Speech About Russian Arctic Development: Content and Analysis

The Russian President, Vladimir Putin gave the Plenary Speech at the 6th International Arctic Forum, which was held in Murmansk on 26/27 March. The event was subtitled “The Arctic: Territory of Dialogue.” Putin’s speech concentrated on very specific Russian Arctic development issues, including investment, infrastructure needs, incentives and the opportunities. Clearly, Moscow is putting huge […]

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Featured March 30, 2025

Russia’s 2024 Median Salary Growth Was The Highest Since 2018

The Russian salary growth rate in 2024 was the highest in the past six years amid increased competition for potential workers. Overall, the median salary offered in Russia increased by 18%, from ₽65,400 in January 2024 to ₽77,200 in January 2025, according to Maria Ignatova of the Human Resources analytical agency HH Help. That equates […]

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March 30, 2025

Italy’s Ariston White Goods Manufacturer Returns To Russia

Italian white goods household equipment manufacturer Ariston has announced its return to Russia after exiting the market in 2022, according to a company statement. Ariston has become the first major Western brand to announce a return, after Russian President Vladimir Putin signed a decree on Wednesday (March 26) removing the Ariston’s subsidiary in Russia from […]

March 30, 2025

South Korea’s LG Electronics Anticipates Restart Of Moscow Production Plant

South Korea’s LG Electronics has carried out a test restart of its manufacturing plant in Ruza, near Moscow, which produces washing machines and refrigerators. The facility has been closed since operations were suspended in 2022 due to Ukraine conflict-related Western sanctions. LG halted all deliveries to Russia and suspended operations shortly after the escalation of […]

March 29, 2025

Russia, China To Collaborate On Co-Produced Films

The Russian Culture Minister Olga Lyubimova has said that Russia and China are planning to adopt an action plan in collaborative filmmaking and approve specific ideas for co-produced films, saying that “Our goal is to approve specific ideas for co-produced films, which would not only attract a large audience in Russia and China, but will […]

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March 27, 2025

Russia’s RDIF Proposes Russian-International Arctic Investment Fund

The Russian Direct Investment Fund (RDIF) has proposed creating a new investment fund together with Russian and international development institutions, banks, pension funds and foreign partners to support the implementation of projects in the Arctic, according to Kirill Dmitriev, the RDIF CEO, and Russian Special Representative for Investment and Economic Cooperation with Foreign Countries. He […]

March 26, 2025

Another EU Listed Retailer Redomiciles To Russia

Shareholders in Luxembourg’s O’Key Group have voted in favor of the company’s re-domiciliation from Luxembourg to Russia, the retailer has stated. The global depositary receipts of the Luxembourg holding company will be recognized as shares of the IPJSC at a 1:1 ratio following re-domiciliation, with the company to be registered in Kaliningrad’s’ Oktyabrsky Island Special […]

March 20, 2025

Russian Seafood Imports From Iran Up 25% In 2024

Russia imported 20,000 tonnes of seafood from Iran in 2024, up 25% from the previous year, the Russia Fish Union said, citing the European Market Observatory for Fisheries and Aquaculture Products (EUMOFA). In monetary terms, imports also increased 25%, reaching US$60 million in value. Russia accounted for 10% of Iran’s total seafood exports in volume […]

March 16, 2025

Russia’s Foreign Trade Up 4.6% In January 2025

Russia’s foreign trade for January amounted to US$50.7 billion, 4.6% more than in the same period last year. Exports increased by 3.2% to US$29.3 billion, and imports by 6.6% to US$21.4 billion, according to the Federal Customs Service (FCS) of Russia. Traditionally, mineral products have formed the basis of Russian exports. Their share in the […]

March 16, 2025

Russia’s Rusal Acquires Indian and Chinese Aluminium Manufacturers

Moscow based Rusal has signed an agreement with India’s Pioneer and KCap to purchase the Pioneer Aluminium Industries Limited alumina refinery, with capacity to produce 1.5 million tonnes per year, the Russian company said. Rusal are the world’s second largest aluminium manufacturer, accounting for almost 9% of the world’s primary aluminium output and 9% of […]

March 7, 2025

Russia To Develop ‘Russia House’ Educational Facility In Central African Republic

A delegation from Russia’s Ministry of Education has paid an official visit to the Central African Republic (CAR), visiting a site in the capital, Bangui, where a ‘Russian House’ joint academic centre will be built, according to Usman Rassukhanov, the director of the Ministry’s Department for the Integration of the National Education System and International […]