SCO & BRICS latest news and insights
The industry is contributing to the Russian economy's growth this year. Notably, the manufacturing sector has demonstrated consistent growth, setting new records for two consecutive years. Historically, the most significant growth has consistently been driven by oil and gas production. The question...
Despite the challenging circumstances, Russian mechanical engineering is demonstrating remarkable resilience. The decline of the industry began in the spring of 2022, coinciding with an increase in geopolitical tensions. However, this proved to be a short-lived phenomenon. The first growth impulse o...
To reduce import dependence in the manufacturing industry and mechanical engineering, it is essential to accelerate the development of component manufacturers, in fact, the third industrialisation. Otherwise, there will be complete dependence on supplies from China.
The import dependence of mechani...
