Due to the departure of foreign companies and the emergence of new opportunities in the Russian market, the number of rapidly growing companies (RGCs) increased significantly in 2023, rising from 1,034 to 1,711 enterprises. The sector’s structure began to shift under the influence of sanctions, with so-called “gazelle” companies becoming more prevalent in the…
Trade between Russia and Afghanistan Increased Fivefold
Trade turnover between Russia and Afghanistan has significantly increased, reaching $1 billion, following the withdrawal of US and NATO forces, according to Rustam Khabibullin, head of the Russian Business Center in Afghanistan. In an interview with RIA Novosti, he noted that the main trade areas include gas, petroleum products, flour, wheat, and recently added dairy…
Returning Russians Benifit Economy
Many Russians who left the country after February 24, 2022, are now considering the possibility of returning, as reported by Bloomberg. Their return has become a significant factor in Russia's economic growth, adding from one-fifth to one-third to the 3.6% overall annual economic growth in 2023. The returning workers constitute only 0.3% of…
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…
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…
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…
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…
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…
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…
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…