Moscow plans to develop major infrastructure systems that will link the country to South and Eastern Asia, the president has said The coming decade will see Russia greatly expanding its infrastructure, particularly in railroad transport, President Vladimir Putin told a major industry gathering in Moscow on Friday. The planned projects will have an impact not…

The Russian economy is not expected to go into a recession next year, the head of the central bank, Elvira Nabiullina, announced on Friday. The country’s GDP is forecast to grow by around 2.7% this year, driven by strong domestic demand. For 2024, the central bank is projecting growth of 0.5% to 1.5%. This estimate,…

Foreign debt to Russia jumped by nearly 9% in 2022, RBK reported on Friday, citing data from the World Bank’s annual International Debt Report (IDR). According to the findings, a total of 37 states had outstanding debt to Russian creditors last year, amounting to $28.9 billion, marking a $2.3 billion (or 8.7%) increase from 2021.…