SCO & BRICS latest news and insights
In his speech from the rostrum at the 17th Verona Eurasian Economic Forum, Igor Sechin, Chairman of the Forum and CEO of Rosneft, stated that the total value of Russia's natural resources is approxamitely $100 trillion. He stated that this figure is almost twice that of the United States. Plus its...
A recent report by the Center for Macroeconomic Analysis and Short-Term Forecasting (CMASF), has agreed with the earlier assessment of the Internationanl Monertary Fund from September that predicted the industrial production growth in Russia would be at least 3.5% by the end of 2024.
This is lar...
According to the IMF over the next five years, the global economy will become increasingly reliant on the BRICS countries, with a corresponding decline in influence for the G7 states. China and India are expected to lead in terms of growth in purchasing power parity (PPP). Concurrently, the United S...
The World Bank (WB) has recently classified Russia as a high-income country. The document has been published on the WB website. In addition to Russia, Bulgaria and Palau have been included in this category.
According to World Bank criteria High-income countries are states where the gross income ind...
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...
