Russian Market

Dubai

Russia Imports Its First Shipment Of Dates From Dubai

Agriculture, Imports, Middle East, Russian Market

In another sign of shifting supply chains, Russia’s FESCO Transport Group has organised the first shipment of imported dates in a refrigerated container from Dubai (United Arab Emirates) to Russia. 23 tonnes of dried dates were loaded into a FESCO refrigerated container and delivered to the UAE’s Jebel Ali Port. The cargo was then loaded […]

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MIR Card

Russia’s MIR ATM Cards International Use: Update

Economy, Exports, Finance, Infrastructure, Russian Market, Trade

The Bank of Russia Chairwoman, Elvira Nabiullina has stated that Russia’s MIR card is being accepted in more countries, despite Western sanctions. She was speaking to the State Duma, the lower house of the Russian parliament. The main countries that are accepting MIR transactions are in friendly countries where Russian tourists tend to visit. Some

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Invasion

Why Russia Won’t Invade Europe: There’s Too Much Debt, Too Little Trade, And Limited Assets  

Economy, Russian Market, Security, Trade

Western media has been full of numerous European Heads of State asking for increased military budgets to spend in order to repel a Russian invasion. These have mainly appeared to be based on the situation in Ukraine, which has largely been sold to the Western public as an unwarranted invasion to order to gain unspecified

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Trade Surplus

Russia’s 2024 Current Account Surplus Up 26% On Previous Year

China, Economy, Exports, Imports, Russian Market, Trade

The Bank of Russia has released 2024 statistics showing that the current account surplus of the balance of payments of Russia for the year amounted to US$62.3 billion. That is US$12.8 billion, or 26.0% more than in 2023 (US$49.4 billion). The Central Bank had previously estimated the current account surplus for last year at US$53.8

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Irtysh

Russia, Kazakhstan and China To Discuss Irtysh River Freight Development

China, Eurasian Economic Union, Infrastructure, Investment, Logistics & Transport, Russian Market, Trade

The Irtysh River originates in the Xinjiang Province of China and flows north-west across Lake Zaisan in Kazakhstan, meeting the Ishim and Tobol Rivers before merging with the Ob River in Western Siberia. The total length of the Irtysh across China, Kazakhstan and Russia is 4,248 kilometres, and it is navigable for 3,784 kilometres, from

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Putin Arctic

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

Economy, Energy, Infrastructure, Investment, Logistics & Transport, Russia's Belt & Road, Russian Market, Trade

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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Salary

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

Economy, Finance, Russian Market

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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Ariston

Italy’s Ariston White Goods Manufacturer Returns To Russia

Russian Market, Trade

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

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LG image

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

Asia, Russian Market, Trade

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

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