Trade between Russia and EU tumbles – official

The volume of commerce has been decreasing dramatically, according to a deputy PM Trade turnover between Russia and the EU fell by a third in April-December 2022 amid Western sanctions on Moscow, First Deputy Prime Minister Andrey Belousov has revealed.

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Russian real estate investment set for new record in 2023

The volume of investment in Russian real estate surged 76% from January to May in annual terms to reach 274 billion rubles ($3.4 billion), an industry study has shown. Research conducted by IBC Real Estate evaluated investment transactions in residential, retail, hotel and industrial properties, excluding the purchase of plots without a project, joint ventures…

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Morgan Stanley plans sale of valuable Russian asset – Vedomosti

A local buyer is reportedly eyeing the US conglomerate’s share in a St. Petersburg shopping mall US investment bank Morgan Stanley is looking to sell its last asset in Russia, a 50% share in a shopping mall in St. Petersburg, business daily Vedomosti reported on Thursday.

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