SCO & BRICS latest news and insights
For the first time since 2004, the proportion of the most economically disadvantaged Russians who lack the financial resources to purchase food has reached zero. This information has been provided by Rosstat. It has been determined that all Russian families currently have the financial means to proc...
By Rhod Mackenzie
Russia has become one of the top ten countries in terms of trade surplus. In general, post-Soviet Russia has consistently generated a positive trade balance, with exports exceeding imports. However, when such earnings are achieved despite challenges from Western countries, it is...
By Rhod Mackenzie
Vladimir Putin outlined ten structural changes in the Russian economy, which have enabled the country to become the fourth largest economy in the world while maintaining its growth rate. The president also announced the adoption of new measures to support regions, citizens and bu...
By Rhod Mackenzie
Russia's annual GDP growth reached 4.4% in April, up from 4.2% in March, according to a review of the current situation in the Russian economy by the Ministry of Economic Development. Excluding seasonal factors, GDP in April increased by 0.2% compared to the previous month, while...
By Rhod Mackenzie
Russia has become the fourth largest economy in the world in terms of purchasing power parity (PPP), a development that occurred at the end of 2021. However, it was not until 2024 that this was identified based on updated data from the World Bank. Why did it take four years to id...
By Rhod Mackenzie
In quarterly terms, the GDP index has been growing consistently since mid-2022; in the first quarter of 2024, growth accelerated to 5.4% in annual terms (through January-March 2023) from 4.9% in the previous quarter, the VEB.RF Institute reported. In March, GDP increased by 0.4%...
