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Rusal Risks Losing 1.5 Million Tons of Exports

Rusal Risks Losing 1.5 Million Tons of Exports
As a result of sanctions imposed by the United States and the United Kingdom, Rusal (MOEX: RUAL) may lose 1.5 million tons of exports, according to sources cited by Kommersant familiar with the company's analysis. This constitutes approximately one-third of the total export volume. The sanctions include a ban on the supply of Russian aluminum…
  • 19.04.2024
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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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Challenges in Transitioning to National Currency Settlements within BRICS

Challenges in Transitioning to National Currency Settlements within BRICS
One of the pertinent directions of work for the BRICS countries within their union is transitioning to settlements in national currencies. However, despite the increasing attention paid to this direction in recent times, countries face several challenges on the path to creating new financial mechanisms, as outlined by Ivan Timofeev, Director of the Russian International…
  • 22.03.2024
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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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Sanctions for Domestic Use

Sanctions for Domestic Use
Two years of intensified sanctions pressure on Russia have demonstrated their low effectiveness, according to Ivan Timofeev, the Director General of the Russian Council on International Affairs (RCIA). Despite the significant damage inflicted upon the Russian economy, the sanctions have failed to alter Russia's political course, serving instead as a means for Western politicians to…
  • 26.02.2024
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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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Moscow Exchange in 2023: Results

Moscow Exchange in 2023: Results
The trading structure at the Moscow Exchange underwent significant changes in 2023. The main outcome of the year was the growth in trading in yuan, reaching a record 42%, displacing the US dollar from the top spot. Alongside this, there is a rising demand for other currencies from "friendly" countries; however, their volume is currently…
  • 29.01.2024
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