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's oil and gas revenues have continued to grow since the beginning of the year. This extra cash has made it possible to resume replenishing the country's reserves. However, the situation has become quite ambiguous and the risks of a decline in the country's income have not...
By Rhod Mackenzie
Russia's net revenues from oil sales in October amounted to $11.3 billion, or 31% of the country's total budget revenues for the month. This was the highest figure since May 2022 and exceeds the figure for any month before the start of the Russian special military operation in Uk...
By Rhod Mackenzie
The Russian budget will receive an additional 4 trillion rubles in tax revenue in 2023,( $42 billion). with credit going to non-oil and gas businesses. Amid a challenging year for the oil sector, it was the non-resource sector that managed to bolster the Russian economy. How was...
