Latest updates, insights, and analysis.
ALROSA, which produces about 90% of diamonds in Russia, increased sales of investment-grade diamonds by a multiple of three times in 2024, to more than 1,000 units, the company has said. The investment category includes diamonds from 2 carats with certain colour and purity characteristics. Their price point starts from ₽2 million (over US$20,000) per […]
Russia exported 700,000 tonnes of confectionery products in 2024, up 8% year-on-year, while the value of these exports grew 10.3% to reach US$1.81 billion, according to the Russian Association of Confectionery Industry Enterprises. They were presenting at the “Confectionery Products of the 21st Century” conference in Moscow last week. The 2025 export forecast for Russian […]
Russian pig farmers had a significant boost in 2024, when China, the world’s largest importer of pork, began accepting Russian pork from April. That has resulted in expectations that 2025 will be a record-breaking year in Russian pork meat exports. Yury Kovalev, the CEO of the National Union of Pig Breeders stated that Russia exported […]
Russian President Vladimir Putin has been discussing and analysing Russia’s economic position during 2024 with Prime Minister Mikhail Mishustin to see areas that worked and where attention to change needs to be directed. Mishustin was presenting the results of Russia’s economic performance for last year. The results are generally positive but there are some critical […]
The upcoming BRICS Congress will take place in June, where it is planned to approve the creation of a BRICS Agrarian Alliance, according to Lyudmila Orlova, the President of the Russian National Movement of Conservation Agriculture. Orlova stated that “We held a round table in December and have now agreed on holding a congress and […]
Russian auto factories increased production of all types of vehicles by 16.5% during 2024, with the production of some types of cars increasing while others, began to be assembled less. The domestic automobile industry has great potential for further growth, but increasing production volumes will largely depend on the general situation on the market. Last […]
Russia has significantly increased its exports of petroleum products to Brazil, primarily diesel fuel, over the past two and a half years, and there is potential for further cooperation in this area, according to Alexei Labetsky, the Russian Ambassador to Brazil. Labetsky said that “Over the past two and a half years, the volume of […]
Russia’s System Operator has proposed considering imports of electricity from China, constructing a 250 MW rapidly deployable gas turbine unit (GTU) and developing renewable energy sources as near-term measures to address the energy deficit in the Russian Far East. Fyodor Opadchy, Chairman of Unified Energy System (SO UES JSC) the System Operator, said that “In […]
Russian spending on trips abroad has exceeded pre-2019 record levels, according to the Russian Central Bank. In 2024, Russian nationals spent almost US$38 billion on travel to other countries, overtaking the previous record by US$1.5 billion. Among the main reasons for the growth of the Russian overseas tourism sector are the availability of new destinations […]
Turkiye’s AJet airline will launch direct flights between Istanbul and St. Petersburg on March 14, according to St. Petersburg’s Pulkovo Airport. There will be four flights a week, on Mondays, Wednesdays, Fridays and Sundays. Pulkovo airports press service stated that “AJet is the fourth carrier on the St. Petersburg-Istanbul route. The number of flights to […]
The Israeli Tourism Ministry has said that 72,600 Russian tourists visited Israel in 2024, a sharp decline from the 158,500 Russian tourist arrivals in 2023. The number of tourists fell after the Israeli-Palestinian conflict escalated on October 7, 2023. Overall, Russian visitors retained the fourth position among foreign tourists to Israel in 2024 with a […]
Russia’s Pivot To Asia have published our 2025 Guide to North Africa, which discusses Russia’s geopolitical, trade and investment trends with Algeria, Egypt, Libya, Morocco, Mauritania and Tunisia. North Africa is a key development region offering much potential for Russia as it transitions away from its colonial-era towards a more definitive North African and global […]
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