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Recovery of Russian consumption is likely to moderate

Location:

RUSSIA

Strong household demand, now restored to pre-war levels, mitigated the impact on GDP of falling exports last year. The consumer market is profoundly changed, with new brands from…

Parallel imports continue to support Russia’s economy

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RUSSIA

Parallel imports have played a crucial role in securing the supply of goods for the Russian economy. The creation and management of parallel import channels is now an important…

Russian household consumption is recovering slowly

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RUSSIA

This was the first acceleration after twelve consecutive declines and was driven by an 11% rise in the prices of services. The war in Ukraine has exposed Russia’s consumers to…

Russia’s car industry will struggle to recover

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RUSSIA

Russia’s full-scale invasion of Ukraine and subsequent Western sanctions caused a severe crisis in the automotive sector. Supply chains were severed, output collapsed and exports…

Many factors will restrict Russia’s recovery in 2023

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RUSSIA

This turnout was a far milder contraction than the many assessments made at the outset of the invasion of Ukraine of its likely impact on the Russian economy. It prompted a public…

Russia's economic decline will continue this year

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RUSSIA

The recession was far shallower than expected; early forecasts had predicted a contraction of up to 10%. However, economic decline will continue into 2023. Unprecedented sanctions…

Inflation could rise again in Russia in 2023

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RUSSIA

Inflation has subsided owing to base effects. War, sanctions, geopolitical isolation and economic restructuring have already undermined population living standards, with poorer…

Armenia could be 'bridge' if Iran opens to the world

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ARMENIA

Vaezi was speaking after talks with visiting Armenian Economy Minister Karen Chshmaritian. Since Iran's nuclear deal with the international powers, Armenia is in a key position…

Georgia will keep exporting sanctioned cars

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GEORGIA

The ban was implemented in response to EU and US pressure, as Georgia was a pivotal player in blunting the intended impact of sanctions. However, Georgian re-export of cars remain…

Putin’s visit to China reveals economic limits

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RUSSIA

Both sides vowed to coordinate their responses to what they describe as a US-led policy ‘dual containment’ directed at Moscow and Beijing, strengthening the impression of a united…