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Dual Effect of Sanctions on Russia

Dual Effect of Sanctions on Russia
Over the two years since the onset of military escalation in Ukraine, Western countries have imposed a significant number of sanctions against Russia. However, their effectiveness is at least debatable. On one hand, Russia has successfully adapted to the new restrictions, evidenced by the growth of its economy. On the other hand, the costs of…
  • 12.04.2024
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Russia to Establish Commission for «Compulsory Licensing»

Russia to Establish Commission for «Compulsory Licensing»
Russia is set to establish a special commission tasked with issuing permissions for the use of foreign intellectual property without the consent of rights holders, reports RBC citing official documents. The necessity for such a mechanism arises from sanctions that have led many companies to cease official cooperation with Russia.   The creation of a…
  • 05.04.2024
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Revenue of Russian Airlines Grow Despite Traffic Decline

Revenue of Russian Airlines Grow Despite Traffic Decline
The revenue of Russian airlines in 2023 increased by a third, reaching record levels despite a decline in passenger traffic to the level of 2017, according to an analytical report by ACRA. The main factors contributing to this growth are the increased ticket prices and a nearly 20% increase in the average flight distance over…
  • 27.03.2024
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India Stopped Buying Premium Russian Oil

India Stopped Buying Premium Russian Oil
India has not bought Russian premium grade ESPO oil for two months, and has also reduced shipments of another Russian grade Sokol, Kommersant reports. India is the largest buyer of offshore oil shipments from Russia. The current cuts are related to the fear of secondary sanctions, as well as differences in calculations.   According to…
  • 15.03.2024
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Two Scenarios of Russian Export Dynamics

Two Scenarios of Russian Export Dynamics
The Central Bank of Russia has presented two primary scenarios for the future development of Russian exports, which are currently contracting. One scenario involves the revival of exports, while the other entails a shift towards the domestic market. Experts believe that a combination of these scenarios will likely be operative to varying extents. However, the…
  • 06.03.2024
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Russia’s NNE fell by almost a quarter in 2023

Russia’s NNE fell by almost a quarter in 2023
Russia's non-primary non-energy exports (NNE) decreased by 23% in 2023, reaching $146.3 billion, according to data from the Ministry of Industry and Trade. In the previous 2022, this figure was $190.4 billion, and a year earlier — a record $194.2 billion. It is worth noting that data on specific commodity items have not been published…
  • 19.02.2024
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What Awaits Russian Economy in 2024

What Awaits Russian Economy in 2024
In 2023, the Russian economy showed growth of 3.5% and almost 4% in industrial production. This year, however, it will not be possible to repeat these successes, as there are a number of favorable factors that contributed to growth. The main challenges to growth in 2024, among other things, will be the risks of high…
  • 16.01.2024
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Russia’s Gold Reserves Reached Record Levels

Russia’s Gold Reserves Reached Record Levels
In November, the current volume of monetary gold in Russia's reserves exceeded the $150 billion mark for the first time. According to the regulator, the value of monetary gold amounted to $151.9 billion, which is 2.2% higher than in October and by $3.198 billion. in total.   The physical volume of gold decreased by about…
  • 14.12.2023
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Russian Companies Succeed at Adaptation

Russian Companies Succeed at Adaptation
The majority of Russian companies have managed to adapt to sanctions by finding new suppliers and replacing raw materials, materials, services, and software, according to a study by the Russian Union of Industrialists and Entrepreneurs (RSPP). Mainly, equipment and components are now being procured from new foreign counterparts, and some companies have succeeded in establishing…
  • 21.11.2023
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Investments in Russian Startups Have Fallen Tenfold

Investments in Russian Startups Have Fallen Tenfold
In the first half of 2023, the volume of investments in startups fell by more than 10 times, Kommersant writes with reference to data from the Dsight platform. Experts explain this by the fact that in the current context, venture capital investments have ceased to be a priority, and the focus has shifted towards buying…
  • 23.10.2023
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