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 two countries have been ramping up economic cooperation at an unprecedented pace Russia supplied more oil and petroleum products to China in the first ten months of this year than during the whole of 2022, as Moscow ramps up energy cooperation with the Asian country, Deputy Prime Minister Alexander Novak revealed on Friday.

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,…