Every cloud has a silver lining, and it’s no different in Russia - especially if you’re a foreign investor. The crisis, embargos, tense relations with the West...get canny and you can use these negatives to your advantage. Agriculture is one of the sectors experiencing a boom due to sanctions. Source: Vitaliy Timkiv/RIA Novosti For quite some time now, it’s been clear that the economy of any particular country can no longer exist autonomously: Economic partnerships and investment tie countries and continents together providing the basis for international business-alliances. With the sanctions war and general economic downturn in Russia,. Read more...
This summer’s bad weather is not only putting a downer on the life in the capital, it’s also severely affecting the domestic economy. Farmers have been hit hardest while inflation and unemployment is on the rise. However, fashion retailers are offering big discounts in a bid to sell summer clothes - so there is one upside. This summer in the western part of Russia has been unusually cold and rainy. From May, Moscow witnessed rain, thunderstorms, and even snow. The Russian Hydrometeorological Center called May the “coldest” and June the“second coldest” the country has witnessed in the 21st century. The average temperature in June. Read more...
RBTH lists the pros and cons for foreign farmers in Russia, as well as the state benefits that one can expect to receive. What are the main advantages for farmers in Russia? Source: Vitaliy Timkiv/TASS Since the Russian embargo on European food was enacted in 2014, Russia has been witnessing a surge of growth as new farms work to produce healthy food to meet the demands of cities with over a million residents. This growth is enhanced, not only by the lack of competition from European producers, but also by legislation that creates incentives for farmers, even those who are foreign citizens. What are the main advantages for farmers in. Read more...
he crisis in the Russian car market, already in its fourth year, has forced car dealers to look for new business ideas, and agriculture has popped up as a surprise investment opportunity. Russian car dealers are looking at farming as a saviour. Source: Yegor Aleyev/TASS Over the past three years the Russian car market has shrunk by more than 50 percent — from nearly three million cars sold in 2013 to 1.42 million in 2016. The "Crimean Spring," Western sanctions, and above all, the devaluation of the Russian ruble, which has almost halved against major world currencies, has led to a catastrophic situation in the car industry. But while some. Read more...
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