@EconomicNews_Russia
Economic News | Russia
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Russia’s economy, trade statistics, market signals, and business news GSA Expert - B2B export development & market access agency Website: gsa-expert.com Email: info@gsa-expert.com LinkedIn: linkedin.com/in/anna-shebanova
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Latest Posts
Savings Accounts: Top 5 by Yield 1. Ozon Bank - at 15.1% ▫️ for new clients ▫️ term: 1, 2, or 3 months (14.3% for 3 months) ▫️ interest paid monthly 2. Yandex Bank - at 15% ▫️ with a Yandex Plus subsc...
113 views
05-13 06:03
05-13 06:03
Starting in July, Finland will suspend the issuance of preferential export permits to Russia for medical and pharmaceutical products covered by EU sanctions. The restrictions affect a broad range of p...
103 views
05-13 06:00
05-13 06:00
By the end of 2025, imports of confectionery products into Russia reached $1.3 billion, with Germany ranking #1 among foreign suppliers. Russian companies imported chocolate, caramel, and baked g...
102 views
05-13 05:59
05-13 05:59
New tool for importers: Russia offers a three-month interest-free VAT deferral Since late April, large companies importing goods into Russia have been able to receive a deferral of up to three months ...
164 views
05-07 06:01
05-07 06:01
Russia’s Ministry of Industry and Trade has supported introducing the full 22% VAT rate on all foreign online purchases from January 1, 2027, rejecting the Finance Ministry’s phased approach of 7%, th...
147 views
05-07 05:57
05-07 05:57
In March 2026, Russia increased purchases of Turkish cosmetics, with imports rising by 32.6% year-on-year to USD 12.6 million. The largest import category was mixtures of aromatic oils, worth USD 7.1 ...
128 views
05-07 05:56
05-07 05:56
The government approved amendments legalizing the use of cryptocurrency for import payments. For transactions with digital money within foreign trade contracts, income and expenses will be included in...
199 views
05-01 01:34
05-01 01:34
Mi-171A3 certified in a fully import-substituted configuration In Russia, certification of the Mi-171A3 helicopter in a version without foreign components has been completed. Rosaviatsia issued 7 appr...
182 views
05-01 01:32
05-01 01:32
Starting May 1, 2026, individuals, sole proprietors, and legal entities are prohibited from taking refined gold bars out of Russia if the total weight exceeds 100 grams. An exception for individuals a...
164 views
04-29 04:40
04-29 04:40
Domestic wine accounts for 63% of the Russian market. This is driven by a record grape harvest and an 11.5% increase in production in 2025, according to the office of Deputy Prime Minister Dmitry Patr...
158 views
04-29 04:29
04-29 04:29
Russia more than doubled imports of footwear from the United States in February 2026. In February 2026, Russia increased imports of footwear from the U.S. to $1.4 million, more than doubling comp...
147 views
04-29 04:29
04-29 04:29
Russia increased imports of pet food from Brazil nearly 30 times in March. In March 2026, Russia sharply increased imports of Brazilian pet food, with purchases totaling $1.8 million. As a result...
124 views
04-29 04:29
04-29 04:29
A twofold increase in purchases has moved Russia into the top 10 importers of contact lenses from the United States. In February 2026, Russia increased its imports of contact lenses from the U.S. to &...
133 views
04-29 04:28
04-29 04:28
Government does not plan to scale back parallel imports, according to the Minister of Industry and Trade: monthly supplies will remain at $1–1.5 billion.
135 views
04-29 04:27
04-29 04:27
Imports of Chinese cars to Russia double. In March 2026, Russia nearly doubled passenger car imports from China year-on-year to $1.109 billion (+1.8x). Russia remains the largest importer of Chin...
181 views
04-29 04:21
04-29 04:21
Russia and its Eurasian Economic Union partners are negotiating free trade deals with India, Jordan, and Pakistan. If successful, the potential market for Russian exporters could expand to 2.5 billion...
174 views
04-29 04:20
04-29 04:20
Central Bank cuts key rate from 15% to 14.5%
158 views
04-29 04:18
04-29 04:18
Rosatom’s U1 and NBEPar to Establish Metals Mining Venture in Brazil The new company, Nadina Minerals, will focus on obtaining licenses, conducting geological exploration, and developing modern produc...
369 views
03-25 05:28
03-25 05:28
Russia Exports Record Volume of Confectionery Products In 2025, exports of confectionery products increased by 13%, reaching $258 million. In total, Russia exported 84,000 tons of confectionery p...
355 views
03-25 05:28
03-25 05:28
Russia Tightens VAT Control on Imports from EAEU Countries A government commission has approved amendments to the Tax Code allowing authorities to adjust the declared import price from EAEU countries ...
333 views
03-25 05:27
03-25 05:27