... hydrocarbon consumption, while Russia contributes 11% of global production, stated Igor Sechin, Secretary of the Commission on Energy Development Strategy under the President of the Russian Federation and CEO of Rosneft, during the 6th Russian-Chinese Energy Business Forum (RCEBF) on July 23. In 2023, Russia exported 107 million tons of oil to China (+24%), increasing its share of China's oil imports to 19% (+2 percentage points compared to 2022). Broader Energy Cooperation Russia's energy cooperation with China extends beyond oil supplies. Since ...

... development and enhance the platform's functionality. Today, TimePad is one of the most popular platforms for event organization in Russia. CarPrice CarPrice is an online auction for selling used cars. The project went through IIDF's acceleration program, which enabled the company to attract investments and rapidly scale its business. CarPrice has become one of the leaders in the Russian used car market and continues to grow as one of the largest online ...

Inflation in Russia has slowed down, which means that new opportunities for investors are emerging in the financial market. What factors have ... ... Deceleration Monetary Policy of the Central Bank. The increase in the key interest rate limits access to credit for both consumers and businesses, leading to a decrease in consumer demand and inflation rates. This allows the Central Bank to control price growth ...

... fall, what forecasts do experts give for 2025, and how will this affect the economy, business, and the lives of Russians? We analyze the key factors, current data, and strategies... ... Implications By the end of 2024, the exchange rate of the ruble closed for the first time in history above the 100 rubles per US dollar mark, demonstrating a significant weakening... ... weakened amidst a range of internal and external factors. According to the Central Bank of Russia, the national currency ended the year with the following indicators: US Dollar...

... virtually unchanged from March. The composite PMI, which combines data from the services and manufacturing sectors, rose to 49.8 (up from 49.1 previously). Overall, these economic indicators suggest stagnation in the Russian economy and only slight progress in the business cycle. Given the persistent high inflation (approximately 10% annually) and the tightening of the Central Bank of Russia's policy (key rate at 21%), the PMI data closely aligned with market expectations. Key Takeaways: The services PMI index remained in the growth zone (50.1), indicating moderate activity in the services sector. The manufacturing PMI increased to ...