In 2022, Russia’s chemical market experienced a notable surge, growing by 22.
In 2023, the Russian electricity retailing sector faced a significant downtur
In a year marked by global upheavals, the Russian travel & tourism indust
In 2022, the Russian food and grocery retail market encountered a downturn, s
In 2022, the Russian jewelry and watches market demonstrated resilience amids
In 2022, the Russian media industry experienced a contraction, decreasing by
In a dramatic turn of events, the Russian new car market faced a sharp declin
The Russian oil and gas sector saw substantial growth in 2022, with a 40.1% i
The Russian online retail sector, which experienced a growth of 2.7% in 2022,
Saint Petersburg, the second-largest city in Russia, stands as a prominent hub of industrial, scientific, and cultural significance.
The U.S. government announced a comprehensive package of sanctions targeting over 500 Russian individuals and entities.
In the latest sanctions unveiled on Monday, February 26, 2024, the U.S.
In a bid to curb illicit financial flows sustaining Russia’s war efforts, the UK Government on February 23, 2024 imposed sanctions on a Swiss trading house and its Dutch owner implicated in the Rus
As the second anniversary of the Kremlin’s invasion of Ukraine approaches, Russia’s economy, including its asset finance and equipment leasing sectors, is expected to face significant challenges in
On February 21, 2024, NATO announced a significant milestone: for the first time, European allies had collectively met the defense spending target of 2% of GDP.
Despite the improvement in budget transparency, Russia still faces sanctions from the European Union and other major nations.
In 2022, Russia’s chemical market experienced a notable surge, growing by 22.1% to achieve a valuation of $74.6 billion, amidst a complex global la
In 2023, the Russian electricity retailing sector faced a significant downturn, with market value decreasing by 16.7% to $25.7 billion.
In 2022, the Russian jewelry and watches market demonstrated resilience amidst a challenging global landscape, maintaining its market value at $5,2
In a dramatic turn of events, the Russian new car market faced a sharp decline of 62.6% in 2022, plummeting to a market value of $21.9 billion and
The Russian steel market faced a downturn in 2022, with a market value contraction of 8% to $61,564.4 million, alongside a 7.2% reduction in volume
The Russian automotive manufacturing industry faced a significant downturn in 2022, with market values plummeting by 52.4% to $13.1 billion and pro
The Russian airline industry experienced a significant downturn in 2022, with a market value decrease of 56.7% to $10,547 million, attributed to th
IAEA Chief Rafael Mariano Grossi met with Russian President Vladimir Putin on March 7, 2024, to deliberate on the safety and security concerns of t
Rosatom announced on March 4, 2024, the commissioning of the second stage of the Trunovskaya Wind Power Plant in Stavropolsky Krai, adding 35 MW to
TSAT Rostec announced on March 4, 2024, the impending deployment of a cutting-edge domestic 3D printer designed to manufacture heat-resistant compo
On March 1, 2024, the capacity of the Ezminskaya Hydroelectric Power Station in North Ossetia was significantly increased by 15 MW, reaching a tota
Rosatom CEO Alexei Likhachev, speaking in the State Duma on February 28, 2024, revealed discussions with Lukoil among others for constructing small
The Salyut production complex of the Rostec United Engine Corporation in Moscow is set to double its training intake in 2024, welcoming over 1,000
The United Engine Corporation’s UEC-Saturn on February 26, 2024, initiated a new application round for the Wings of Rostec, aiming to nurture futur
PJSC OGK-2, a prominent Russian power company with an installed capacity of approximately 16.3 GW across 12 branches, disclosed its 2023 RAS financ
Despite Western automakers exiting Russia due to economic sanctions related to the 2022 invasion of Ukraine, a ‘parallel import’ scheme initiated b
Polymetal International plans to sell its Russian business to JSC Mangazeya Plus for approximately $3.69 billion, involving 100% of JSC Polymetal’s
Mercedes-Benz Group has completed the sale of its shares in Kamaz, the leading Russian truck manufacturer based in Naberezhnye Chelny, known for pr
In 2023, Russia imported approximately 486,000 tons of stainless steel, a 31% increase from the previous year.
Rostec’s Obninsk Research and Production Enterprise “Technology” has initiated the serial production of domestically produced cockpit glazing for t
In a year marked by global upheavals, the Russian travel & tourism i
In 2022, the Russian food and grocery retail market encountered a downtu
In 2022, the Russian media industry experienced a contraction, decreasin
The Russian online retail sector, which experienced a growth of 2.7% in
In 2022, the Russian toys & games retail market experienced a slight
In 2022, the Russian sports equipment retail market witnessed a signific
In 2022, the Russian software market witnessed a 7.9% increase, reaching
In 2022, the Russian pharmaceutical market witnessed a growth of 4.9%, r
In 2022, the Russian consumer electronics retail market experienced a sl
Rostelecom, on March 7, 2024, unveiled plans to spin off and list its da
On March 4, 2024, Carlsberg’s Kazakhstan operations appealed to a Russia
Fix Price, one of the leading variety value retailers globally and the l
Rosneft has developed a software, RN-AKZT, to automate pipeline design i
On March 5, 2024, Cherkizovo Group, Russia’s leading meat producer, published its inaugural sustainability report, marking a significant step towards transparency and accountability in its environmental, social, and governance (ESG) practices. The report highlights Cherkizovo’s alignment with UN Sustainable Development Goals and its dedication to sustainable development within the agri-food sector.
On February 22, 2024, Latvia made a groundbreaking move by becoming the first country in the European Union to ban the import of agricultural products from Russia and Belarus. This decision followed the final approval of amendments to the law on agriculture and rural development by the Latvian Saeima. These amendments, developed by several ministries, are a response to the geopolitical tensions in the region and aim to reduce dependence on Russian and Belarusian agricultural products.
On February 22, 2024, it was revealed that from July 2023 to February 2024, the European Union imported 576.1 thousand tons of rapeseed meal from Russia, making up 40.3% of the total imports. This information was disclosed during an online event discussing the challenges and opportunities of Ukraine’s accession to the EU. Russia’s prominent role as a supplier highlights its significant impact on the EU’s agricultural imports market.
Russia has significantly bolstered its wheat exports to Egypt, with supplies exceeding $2.3 billion in the first eleven months of last year. This surge represents more than a third increase in annual terms, capturing over 70% of Egyptian wheat imports. The data, compiled by Russian RIA Novosti, highlights Russia’s growing influence in the Egyptian wheat market, illustrating the shifting dynamics of global agricultural trade.
PhosAgro’s Board of Directors declared the company’s 2023 operations successful and supported a 15% wage indexation starting February 1, 2024. CEO Mikhail Rybnikov highlighted a record production of 11.3 million tons of agrochemical products in 2023.
Roscosmos and the China National Space Administration (CNSA) disclosed plans on March 6, 2024, for a collaborative project to deploy a nuclear reactor on the moon by 2035.
The United Engine Corporation’s RD-107A/RD-108A engines ensured the successful launch of the Soyuz-2.1b launch vehicle from the Vostochny Cosmodrome on February 29, 2024.
Three tankers carrying Sokol crude oil, previously stranded due to Western sanctions making Russian oil shipping more challenging, are now headed toward China and India.
In a dramatic turn of events, the Russian new car market faced a sharp decline of 62.6% in 2022, plummeting to a market value of $21.9 billion and
The Russian automotive manufacturing industry faced a significant downturn in 2022, with market values plummeting by 52.4% to $13.1 billion and pro
The Russian airline industry experienced a significant downturn in 2022, with a market value decrease of 56.7% to $10,547 million, attributed to th
TSAT Rostec announced on March 4, 2024, the impending deployment of a cutting-edge domestic 3D printer designed to manufacture heat-resistant compo
The United Engine Corporation’s UEC-Saturn on February 26, 2024, initiated a new application round for the Wings of Rostec, aiming to nurture futur
The Salyut production complex of the Rostec United Engine Corporation in Moscow is set to double its training intake in 2024, welcoming over 1,000
Despite Western automakers exiting Russia due to economic sanctions related to the 2022 invasion of Ukraine, a ‘parallel import’ scheme initiated b
Mercedes-Benz Group has completed the sale of its shares in Kamaz, the leading Russian truck manufacturer based in Naberezhnye Chelny, known for pr
Rostec’s Obninsk Research and Production Enterprise “Technology” has initiated the serial production of domestically produced cockpit glazing for t
In a significant shift in the automotive market, Chinese brands emerged as leaders in new car sales in Russia throughout 2023, according to data fr
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