SCO & BRICS latest news and insights
Market analysis indicates an increase in the adoption of domestic brands of household appliances and electronics among Russian consumers. Market players and industry experts have reported to Izvestia that there has been a significant increase in sales of these products, with some categories witnessi...
The Russian Direct Investment Fund has facilitated the return of American oil companies to the Russian market, following their previous exodus from the country. The decision has been met with a mixed response, with some companies leaving Russia with hostility, while others have been reluctant to exi...
While the EU is attempting to restrict the purchase of Russian fertilisers by local farmers due to concerns over quality and price, the US has a more open stance on such imports, even benefiting from them financially.The reasons for this discrepancy can be explored in the Prime article.It is well-do...
The strengthening of the ruble can be attributed to the transition to national currency payments for imported goods, as reported by Izvestia. By the end of 2024, the share of such transactions exceeded 80%, with half of all settlements being made in rubles, effectively bypassing the use of dollars a...
Russia has accumulated a record gold reserve in the last twenty-five years. In January, the share of gold in Russian reserves reached 33.3%, representing the highest figure since autumn 1999. The value of the gold reserves exceeded 200 billion dollars. Could this signal a shift away from the dollar,...
According to reports the Major Western clothing brands are already testing the waters to return to Russian shopping malls. Everyone else will follow - McDonald's, Visa and Mastercard, Western carmakers and equipment manufacturers. Who will come to Russia first, and who will have problems coming bac...
