The country has enjoyed a rebound in consumption and an uptick in real wages, analyst Alfred Kammer has said The Russian economy will keep growing steadily in 2024, the head of the IMF’s European Department has predicted.
South Korean auto giant Hyundai has announced plans to sell its plant in Russia as the carmaker completes its exit from the country. The facility will reportedly be sold for a nominal fee of just 7,000 rubles ($77.20).