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• April 27, 2017 by Russia Briefing
  

  Understanding Russia’s e-Commerce Market

  The e-commerce market in Russia is constantly growing. The volume of cross-border trade in Q1, 2016, grew more than twice compared with the same period in 2015. In 2017, Russian buyers will spend 37 percent more via foreign online stores than in the past. According to AKIT, the association of e-commerce companies, online sales volume[…..]
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  February 28, 2017 by Russia Briefing
  

  Russia Becomes World’s Largest Supplier of Crude Oil

  Russia has taken over from Saudi Arabia as the world’s largest supplier of crude oil, according to the Riyadh based Joint Organisations Data Initiative. This development will benefit China’s Silk Road infrastructure ambitions, which link Russian oilfields directly to China.
• November 22, 2016 by Russia Briefing
  

  LinkedIn Banned in Russia

  By Marina Romanova Since Friday, November 17 LinkedIn is officially blocked for around 6 million Russians, who have accounts in the world’s largest job searching engine. Russia’s Roskomnadzor communications watchdog, told Interfax news agency on Thursday that the website would be blocked within 24 hours, and a number of Internet service providers appeared to have immediately begun blocking the website,[…..]
• November 8, 2016 by Russia Briefing
  

  Kazakhstan to Set Up its First Cargo Airline

  By Marina Romanova According to the national railway operator, Kazakhstan Railways is setting up a cargo airline in partnership with national carrier Air Astana. The first national cargo airline will begin to operate in 2017 with China, Europe, Iran, Russia and Turkey among its first destinations. The new transportation project aim is to strengthen Kazakhstan’s[…..]
• November 3, 2016 by Russia Briefing
  

  Severstal to Export Chinese Steel to EU to Avoid the Utmost Anti-dumping Tariffs

  By Marina Romanova Russian steelmaker found the way to lower the effect of severe anti-dumping duties levied by the EU on Russian steel in August 2016. According to Vadim Larin, chief executive of Severstal, Russia’s fourth-largest steelmaker, the firm is exporting Chinese cold rolled steel to the European Union instead of Russian one, because EU[…..]
• October 13, 2016 by Russia Briefing
  

  Apple Pay to Launch in Russia

  By Marina Romanova 10 Russian financial institutions including VTB 24, Alfa-Bank, Tinkoff Bank and Raiffeisen bank are planning to launch Apple Pay following the market leader, state owned Sberbank, which has launched Apple contactless payment service since last week, Russian media reports. According to the appleinsider.com, at launch, participating retailers include ATAK, Aushan, Azbuka Vkusa,[…..]
• October 10, 2016 by Russia Briefing
  

  Eurasian Transport Hub for the Silk Road Economic Belt to be Built in Outskirts of Moscow

  By Marina Romanova Russia and Kazakhstan plan to build a 400,000 TEU international logistic center ‘Central Dry Port’ in Moscow suburbs, Russian daily Kommersant reports. Russian firm Coalco Development and KTZExpress, subsidiary of Kazakhstan’s Railways, signed an agreement on this project on October 5th. The construction site of the logistics hub handling containers passing along[…..]
• September 22, 2016 by Russia Briefing
  

  E-learning Market to Grow in Russia

  By Marina Romanova Online education industry, also known as e–learning, is growing fast in Russia, and according to the experts forecast, is expected to grow by 25 percent a year, Russian daily Kommersant reports. Statistics reveal that the world e-learning market is worth around US$107 billion and one of its major markets – Eastern Europe –[…..]
• September 12, 2016 by Russia Briefing
  

  Alrosa to Double Diamond Sale to Asia in 2018

  By Marina Romanova A day ahead of the Second Eurasian Economic Forum, Russian PJSC Alrosa, the world’s largest producer of rough diamonds, has open its Eurasian Diamond Centre in Far Eastern port-city of Vladivostok. According to the miner press release, the company wants to boost gem sales to Asia-Pacific nations, including China, India, Japan, and[…..]
• August 30, 2016 by Russia Briefing
  

  Russian Art Market to Return to the Health

  By Marina Romanova This summer London’s Russian art sales at four London auction houses – Sotheby’s, Christie’s, Bonhams and MacDougall’s – were the lowest in over a decade in records dating to 2007 at £16.4 million (around US$21.5m), falling short of their £17.7 million (US$23.2m) target, according to the UK and international press. In 2015[…..]