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By Rhod Mackenzie

Russia has become the leading economy in Europe and the fifth in the world in terms of purchasing power parity (PPP). It has not only overtaken Germany, but is also preparing to catch up with Japan. What does PPP mean? And how has Russia achieved such a rise?
Russia has become t...

By Rhod Mackenzie

Europe and Russia started 2024 on different paths. Germany, the EU's largest economy, has experienced a record decline in its locomotive industry over the past three years. Conversely, Russia's locomotive industry has soared to its highest level in the last seven years, despite W...

By Rhod Mackenzie

The expansion of BRICS to include five new countries will come into force on January 1. This will lead to their total GDP at purchasing power parity exceeding a third of the world's. Additionally, proven oil reserves will increase several times.

During the BRICS summit in South...