Russia Economy

Big Beijing Steps In: How Chinese brands are replacing iPhones and Audis in Russia’s sanction-hit economy

The Ukraine invasion saw an exodus of global brands from Russia. Beijing noticed and decided to take advantage. A year on, Xiaomi and other Chinese smartphones enjoy 95 per cent of the market share. Chinese cars are also racing ahead in the country crippled by sanctions

Seven talking points from Vladimir Putin’s speech: Nuclear weapons, Russian economy, same-sex marriage and more

Vladimir Putin’s state-of-the-nation address lasted for 1 hour and 45 minutes. He made one major announcement of suspending the New START arms control treaty with the US, claimed it was impossible to beat Russia, and digressed to deride same-sex marriage and ‘corrupt Western’ values

Explained: What the Russian oil ban means for the European Union

The bold decision to cut Russian oil imports by about 90 per cent over the next six months will hit Russian coffers in the long term, but could also hurt consumers across the European continent

Russia-Ukraine conflict: Moscow to lost ‘Most Favoured Nation’ status; what this means for the sanction-hit nation

Revoking the ‘Most Favoured Nation’ status will allow Washington and its western allies to impose tariffs on a wide range of Russian goods, which would put more pressure on an already-strained economy

Russia-Ukraine conflict: How Tajikistan and other Central Asian nations have become accidental victims

The sanctions imposed by the West over the conflict in Ukraine were aimed to cripple Moscow’s economy. They are also causing collateral damage, as millions of migrant workers from Tajikistan, the Kyrgyz Republic, and Uzbekistan working in Russia suffer

FIFA World Cup 2018 contributed $14 billion to Russian economy, say tournament organisers

The 2018 FIFA World Cup's organisers have stated that after calculations, the revenue generated by the event is close to $14 billion in terms of jobs created and goods sold.