Uzbekistan and Russia held the 26th meeting of the Intergovernmental Commission on Economic Cooperation. Discussions focused on increasing mutual trade, energy, payment infrastructure sustainability, expanding industrial cooperation and localisation, and cooperation between the two countries’ regions.
The 26th meeting of the Intergovernmental Uzbek-Russian Commission on Economic Cooperation took place in Tashkent on Wednesday. Against the backdrop of "geopolitical turbulence," the parties are attempting to create an infrastructure for long-term development, from settlement systems to industrial platforms.
The meeting was chaired by Deputy Prime Ministers Jamshid Khodjaev and Denis Manturov and included the heads of various ministries and regions: the Tashkent, the Fergana, the Kashkadarya, and the Surkhandarya regions of Uzbekistan, as well as the Nizhny Novgorod and the Omsk regions, Bashkortostan, and the Krasnoy Krai of Russia.
In 2024, the trade turnover between the countries exceeded 11 billion dollars, which is almost double the figure from six years ago, said Deputy Prime Minister of Uzbekistan and cochairman of the commission, Jamshid Khodjaev. "We expect to bring the volume of trade turnover to 12 billion dollars by the end of this year, the current year," he added.
Exports from Uzbekistan totalled 3.6 billion dollars in January–October. Russia consistently ranks among Uzbekistan's key partners, accounting for about 16% of the total foreign trade turnover. Khodjaev stated, "Uzbekistan is also among the ten largest trading partners of Russia. This shows the mutual, not unilateral, nature of our economic cooperation."
According to the Russian side's data, mutual trade grew by another 8% during the first nine months of this year. "Importantly, this was ensured by a balanced increase in export and import supplies," said First Deputy Prime Minister of the Russian Federation and cochairman of the commission, Denis Manturov.
The parties set a trade target of 30 billion dollars by 2030. To maintain growth, the countries are actively implementing mutual settlements in national currencies, which already account for more than 75% of the total volume.
Jamshid Khodjaev called this indicator a "serious step" and noted that "it needs to be cemented by developing payment channels, integrating systems, and increasing the level of cybersecurity and compliance."
The Deputy Prime Minister of Uzbekistan added, "Against the backdrop of geopolitical turbulence, Denis Valentinovich [Manturov] and I always put this on the agenda: the sustainability of the payment infrastructure and digital services is becoming one of the key topics."
Denis Manturov noted that "Russian electronic trading platforms make a significant contribution to the development of trade and economic cooperation". Based on the results of last year, the volume of Uzbekistan-produced goods sold on the Wildberries platform amounted to 605 million US dollars. "Thus, our marketplace has become the largest commodity distribution network for Uzbek goods. The company plans to construct the largest logistics centre in the republic, covering 100 thousand square metres. The investment volume is estimated at more than 11 billion roubles, and the number of new jobs will be about 7,500. The gradual commissioning of the warehouse complex is planned by the end of next year," he said.
Energy
In the part of the meeting accessible to journalists, the energy block was discussed with extreme caution. Jamshid Khodjaev noted that the Russian side has increased oil exports to Uzbekistan, "and an agreement is in effect in the gas sector".
Denis Manturov, in turn, reported on the development of dialogue regarding the supply of Russian energy resources to Uzbekistan.
The parties did not specify concrete parameters, likely due to the sanctions pressure on the Russian oil and gas sector, which makes publicity a sensitive factor.
Nevertheless, the fact that the energy dialogue is being maintained within the framework of the Intergovernmental Commission indicates the long-term nature of the cooperation. The project for the construction of a nuclear power plant (NPP) in the Dzhizak region, which the parties call a "flagship" energy project, remains an important factor.
Investment and localisation
Investment and localisation were discussed more openly at the meeting. Russian business remains one of the most represented in Uzbekistan, with over 3,000 companies with capital from the Russian Federation. This high figure is maintained despite the slowdown in recent years, which is attributed to the increased presence of Chinese investors.
"The total portfolio of joint investment projects with Russia exceeds 55 billion dollars in equivalent. Moreover, we expect to master about 5 billion Russian investments in 2025 alone," said Jamshid Khodjaev. In his assessment, this is a serious foundation "that should yield tangible returns in the form of new production facilities, jobs, and tax revenues".
The countries are cooperating within the framework of a joint investment platform, which they agreed upon in May 2024 during the visit of Russian President Vladimir Putin to Uzbekistan. Denis Manturov reported: "Today we have agreed on a number of changes that will serve to expand the possibilities of this instrument." In particular, a pilot project to expand the production of soft drinks in the Tashkent region is being prepared for launch, with an investment volume of more than 3 billion roubles.
The joint industrial parks in Chirchik, Dzhizak, and those planned in Navoiy and Bukhara were named key points of industrial cooperation.
"It is important that the further growth in trade volumes must come through deepening processing and cooperation. We consider it expedient within the commission to focus on forming joint value added chains: mechanical engineering, chemicals, building materials industry, pharmaceuticals, food industry, and light industry," noted Jamshid Khodjaev.
The Deputy Prime Minister of Uzbekistan proposed to "task" the departments of the two countries to accelerate the creation of joint industrial engineering centres. "We propose, Denis Valentinovich, to instruct our departments to think about how we can make a project for an engineering centre specifically with the Russian Federation. And if our colleagues support this, it will be a new task for us," he said.
Cooperation of regions
Regional cooperation was discussed with particular warmth. About 80 subjects of the Russian Federation have established direct contact with the regions of Uzbekistan. The Council of Regions, created in 2024, has held two meetings, one in Tashkent and one in the Moscow region.
Following the meeting of the Intergovernmental Commission, a road map of measures to strengthen interregional cooperation for 2025–2030 was signed. Additionally, a plan of measures for trade and economic cooperation between Uzbekistan and Bashkortostan for 2025–2026 was signed, as well as a memorandum of understanding between the SME Corporation and the Light Industry Development Agency of Uzbekistan.
On the evening of the same day, the Russian delegation, including Denis Manturov, the heads of four Russian regions, and the leaders of several companies, were received by President of Uzbekistan Shavkat Mirziyoyev. The results of the Intergovernmental Commission meeting were called fruitful. Russian businessmen presented projects to the President in the fields of information technology, energy, electrical engineering, mechanical engineering, chemicals, pharmaceuticals, textile, and food industries.
Reported by Gazeta (Uzbekistan).
Head of the Presidential Administration of Uzbekistan Saida Mirziyoyeva held a working meeting with Chairman of the International Communication Centre of China Long Yuxiang, during which the parties discussed deepening the comprehensive strategic partnership between the two countries.
The negotiations focused on the organisation's role in strengthening bilateral ties and promoting joint projects in the fields of economics, education, science,...
Head of the Presidential Administration of Uzbekistan Saida Mirziyoyeva held a working meeting with Chairman of the International Communication Centre of China Long Yuxiang, during which the parties discussed deepening the comprehensive strategic partnership between the two countries.
The negotiations focused on the organisation's role in strengthening bilateral ties and promoting joint projects in the fields of economics, education, science,...
On 4 December in Vienna, Minister of Foreign Affairs of Uzbekistan Bakhtiyor Saidov held a meeting with Head of the Ministry of Foreign Affairs of Germany Johann Wadephul on the sidelines of the Organization for Security and Co-operation in Europe (OSCE) Ministerial Council meeting.
The parties noted the positive dynamic of bilateral cooperation and confirmed their commitment...
On 4 December in Vienna, Minister of Foreign Affairs of Uzbekistan Bakhtiyor Saidov held a meeting with Head of the Ministry of Foreign Affairs of Germany Johann Wadephul on the sidelines of the Organization for Security and Co-operation in Europe (OSCE) Ministerial Council meeting.
The parties noted the positive dynamic of bilateral cooperation and confirmed their commitment...
On 4 December, Minister of Foreign Affairs of Uzbekistan Bakhtiyor Saidov held a meeting with Minister of Foreign Affairs of Georgia Maka Bochorishvili.
The parties emphasised the warm and friendly nature of bilateral relations and confirmed their readiness to further strengthen cooperation.
The negotiations covered the prospects for cooperation in the political, economic, cultural, and regional spheres.
The Ministers...
On 4 December, Minister of Foreign Affairs of Uzbekistan Bakhtiyor Saidov held a meeting with Minister of Foreign Affairs of Georgia Maka Bochorishvili.
The parties emphasised the warm and friendly nature of bilateral relations and confirmed their readiness to further strengthen cooperation.
The negotiations covered the prospects for cooperation in the political, economic, cultural, and regional spheres.
The Ministers...
The Council of Regions of Russia and Uzbekistan may take place in Omsk in 2027. This was announced by the press service of the government of the Omsk region following the meeting of the Intergovernmental Commission on Economic Cooperation between the countries, held in Tashkent.
Governor Vitaly Khotsenko participated in the commission's work on behalf of the...
The Council of Regions of Russia and Uzbekistan may take place in Omsk in 2027. This was announced by the press service of the government of the Omsk region following the meeting of the Intergovernmental Commission on Economic Cooperation between the countries, held in Tashkent.
Governor Vitaly Khotsenko participated in the commission's work on behalf of the...
Joint Stock Company (JSC) Paynet decided to increase the authorised capital of its subsidiary, the National Interbank Processing Centre (Humo), to 815.26 billion soum.
According to the decision of 5 December 2025, an additional 1.82 billion soum worth of shares will be issued and placed with the sole shareholder, New Industrial Technologies Limited Liability Company (LLC).
The issue will...
Joint Stock Company (JSC) Paynet decided to increase the authorised capital of its subsidiary, the National Interbank Processing Centre (Humo), to 815.26 billion soum.
According to the decision of 5 December 2025, an additional 1.82 billion soum worth of shares will be issued and placed with the sole shareholder, New Industrial Technologies Limited Liability Company (LLC).
The issue will...
The microfinance services market in Uzbekistan continues to show rapid growth, becoming a key driver of lending in the country.
According to Central Bank of Uzbekistan (CBU) data for the results of the first nine months of 2025, the total volume of microfinance services provided reached 104 trillion soum, an increase of almost 1.8...
The microfinance services market in Uzbekistan continues to show rapid growth, becoming a key driver of lending in the country.
According to Central Bank of Uzbekistan (CBU) data for the results of the first nine months of 2025, the total volume of microfinance services provided reached 104 trillion soum, an increase of almost 1.8...
TBC Bank decided to issue bonds worth 49.6 billion soum with an interest rate of 19% and a maturity period of 730 days.
According to the decision of 25 November 2025 (quorum – 80%), the bonds will be placed through the affiliated Georgian company TBC Capital.
A total of 49,600,000 bonds with a nominal value of 1,000 soum each are planned to be...
TBC Bank decided to issue bonds worth 49.6 billion soum with an interest rate of 19% and a maturity period of 730 days.
According to the decision of 25 November 2025 (quorum – 80%), the bonds will be placed through the affiliated Georgian company TBC Capital.
A total of 49,600,000 bonds with a nominal value of 1,000 soum each are planned to be...
Following the results of November 2025, the gold and currency reserves of the Central Bank of Uzbekistan reached a record level of $61.2 billion, increasing by $1.9 billion during the month.
This growth continues the stable trend of recent months: reserves grew by $1.34 billion in August, by $4.9 billion in September, and by $4.3 billion in...
Following the results of November 2025, the gold and currency reserves of the Central Bank of Uzbekistan reached a record level of $61.2 billion, increasing by $1.9 billion during the month.
This growth continues the stable trend of recent months: reserves grew by $1.34 billion in August, by $4.9 billion in September, and by $4.3 billion in...
On 5 December, First Deputy Minister of Economy and Finance of Uzbekistan Ilkhom Norkulov met with leading economist of the Food and Agriculture Organization of the United Nations (FAO) Dmytro Prykhodko.
The main topic of the negotiations was the strengthening of cooperation between Uzbekistan and the FAO, as well as issues of sustainable development of the country's...
On 5 December, First Deputy Minister of Economy and Finance of Uzbekistan Ilkhom Norkulov met with leading economist of the Food and Agriculture Organization of the United Nations (FAO) Dmytro Prykhodko.
The main topic of the negotiations was the strengthening of cooperation between Uzbekistan and the FAO, as well as issues of sustainable development of the country's...
The international reserves of Uzbekistan grew to $61.2 billion at the end of November, a record figure for the entire observation period. The main contribution to the growth was ensured by the rise in the price of gold and the increase in its physical reserves. The volume of securities in the portfolio also significantly increased.
Uzbekistan's gold and currency reserves...
The international reserves of Uzbekistan grew to $61.2 billion at the end of November, a record figure for the entire observation period. The main contribution to the growth was ensured by the rise in the price of gold and the increase in its physical reserves. The volume of securities in the portfolio also significantly increased.
Uzbekistan's gold and currency reserves...
Deputy Minister of Mining Industry and Geology of Uzbekistan Ural Yusupov held a meeting with a delegation from the Finnish company EPSE, led by Director Wilson Blaine.
The Uzbek side noted the partners' high interest in industry projects and emphasised the readiness to expand cooperation, while EPSE representatives expressed gratitude for the support that creates favourable...
Deputy Minister of Mining Industry and Geology of Uzbekistan Ural Yusupov held a meeting with a delegation from the Finnish company EPSE, led by Director Wilson Blaine.
The Uzbek side noted the partners' high interest in industry projects and emphasised the readiness to expand cooperation, while EPSE representatives expressed gratitude for the support that creates favourable...
Central banks increased net gold purchases to 53 tonnes in October, reports the World Gold Council.
This is a 36% increase compared to September and is the highest monthly indicator since the beginning of the year.
The largest buyers were the central banks of Poland and Brazil, each of which acquired 16 tonnes of gold. The Central Bank of Uzbekistan, which bought 9...
Central banks increased net gold purchases to 53 tonnes in October, reports the World Gold Council.
This is a 36% increase compared to September and is the highest monthly indicator since the beginning of the year.
The largest buyers were the central banks of Poland and Brazil, each of which acquired 16 tonnes of gold. The Central Bank of Uzbekistan, which bought 9...
Head of the Presidential Administration of Uzbekistan Saida Mirziyoyeva met with Chairman of the Board of ACWA Power and Board Member of Vision Invest, Mohammad Abunayyan.
Mirziyoyeva wrote on her Telegram channel: "Today we held a fruitful meeting with the Chairman of ACWA Power and Board Member of Vision Invest, Mohammad Abunayyan.
We discussed the implementation of joint...
Head of the Presidential Administration of Uzbekistan Saida Mirziyoyeva met with Chairman of the Board of ACWA Power and Board Member of Vision Invest, Mohammad Abunayyan.
Mirziyoyeva wrote on her Telegram channel: "Today we held a fruitful meeting with the Chairman of ACWA Power and Board Member of Vision Invest, Mohammad Abunayyan.
We discussed the implementation of joint...
The authorities of Uzbekistan intend to expand the practice of transferring regional electric grids to private management. President Shavkat Mirziyoyev announced this on 5 December at the ceremony for the launch of new energy facilities in Tashkent.
According to the Head of State, reforms in the field of electricity generation have allowed the country to gain significant...
The authorities of Uzbekistan intend to expand the practice of transferring regional electric grids to private management. President Shavkat Mirziyoyev announced this on 5 December at the ceremony for the launch of new energy facilities in Tashkent.
According to the Head of State, reforms in the field of electricity generation have allowed the country to gain significant...
Uzbekistan is strengthening cooperation with neighbouring countries to form a single energy market in the region, the President stated. He recalled the Kambarata Hydroelectric Power Plant (HPP)-1 and 'green corridor' projects. Also, based on Chinese experience, solar power stations will be installed in mahallas in cooperation with the population.
Uzbekistan is expanding regional cooperation in the energy sector, focusing on the formation of...
Uzbekistan is strengthening cooperation with neighbouring countries to form a single energy market in the region, the President stated. He recalled the Kambarata Hydroelectric Power Plant (HPP)-1 and 'green corridor' projects. Also, based on Chinese experience, solar power stations will be installed in mahallas in cooperation with the population.
Uzbekistan is expanding regional cooperation in the energy sector, focusing on the formation of...
President of the Republic of Uzbekistan Shavkat Mirziyoyev received Minister of Energy of the Kyrgyz Republic Taalaibek Ibraev. At the beginning of the meeting, the high guest conveyed sincere greetings from President of the Kyrgyz Republic Sadyr Japarov to the Head of State.
The negotiations addressed issues of further strengthening Uzbek-Kyrgyz relations of friendship, good neighbourliness, and...
President of the Republic of Uzbekistan Shavkat Mirziyoyev received Minister of Energy of the Kyrgyz Republic Taalaibek Ibraev. At the beginning of the meeting, the high guest conveyed sincere greetings from President of the Kyrgyz Republic Sadyr Japarov to the Head of State.
The negotiations addressed issues of further strengthening Uzbek-Kyrgyz relations of friendship, good neighbourliness, and...
President of the Republic of Uzbekistan Shavkat Mirziyoyev received Minister of Energy of the Republic of Azerbaijan Parviz Shahbazov. At the beginning of the meeting, the high guest conveyed sincere greetings and warm wishes from President of Azerbaijan Ilham Aliyev to the Head of State.
The negotiations discussed issues of further expanding and deepening Uzbek-Azerbaijani relations of...
President of the Republic of Uzbekistan Shavkat Mirziyoyev received Minister of Energy of the Republic of Azerbaijan Parviz Shahbazov. At the beginning of the meeting, the high guest conveyed sincere greetings and warm wishes from President of Azerbaijan Ilham Aliyev to the Head of State.
The negotiations discussed issues of further expanding and deepening Uzbek-Azerbaijani relations of...
President Shavkat Mirziyoyev officially opened the Nur Bukhara project, the country's first large-scale integrated solar energy and battery storage complex, developed by Masdar. The United Arab Emirates (UAE) company reported this.
As part of the event, the Head of State also launched the Masdar project in G'uzor with a capacity of 300 MW of solar energy and 75 megawatt-hours (MWh) of batteries,...
President Shavkat Mirziyoyev officially opened the Nur Bukhara project, the country's first large-scale integrated solar energy and battery storage complex, developed by Masdar. The United Arab Emirates (UAE) company reported this.
As part of the event, the Head of State also launched the Masdar project in G'uzor with a capacity of 300 MW of solar energy and 75 megawatt-hours (MWh) of batteries,...
Uzbekistan, Kyrgyzstan, and Tajikistan are working to increase the transmission capacity of cross-border power transmission lines. Minister of Energy of the Kyrgyz Republic Taalaibek Ibraev announced this in an interview with the O’zbekiston 24 TV channel.
Earlier, President Shavkat Mirziyoyev received the Head of the Ministry of Energy of the Kyrgyz Republic. At the meeting, the parties discussed the further...
Uzbekistan, Kyrgyzstan, and Tajikistan are working to increase the transmission capacity of cross-border power transmission lines. Minister of Energy of the Kyrgyz Republic Taalaibek Ibraev announced this in an interview with the O’zbekiston 24 TV channel.
Earlier, President Shavkat Mirziyoyev received the Head of the Ministry of Energy of the Kyrgyz Republic. At the meeting, the parties discussed the further...
On 5 December, Chairman of the Board of Uzkimyosanoat Joint Stock Company Odil Temirov held a working meeting with Chairman of the Board of the Chinese industrial and engineering company Sinoma Energy ConservationMeng Xingling.
The parties discussed the current state of cooperation and its prospects for development in the fields of renewable energy and environmentally safe...
On 5 December, Chairman of the Board of Uzkimyosanoat Joint Stock Company Odil Temirov held a working meeting with Chairman of the Board of the Chinese industrial and engineering company Sinoma Energy ConservationMeng Xingling.
The parties discussed the current state of cooperation and its prospects for development in the fields of renewable energy and environmentally safe...
Today, the official commissioning ceremony for a new gas piston power plant, built within the system of Thermal Electric Stations Joint Stock Company, took place in the International Congress Centre with the participation of the President of the Republic of Uzbekistan.
The modern power unit, with a capacity of 100 MW, is located on...
Today, the official commissioning ceremony for a new gas piston power plant, built within the system of Thermal Electric Stations Joint Stock Company, took place in the International Congress Centre with the participation of the President of the Republic of Uzbekistan.
The modern power unit, with a capacity of 100 MW, is located on...
In the first ten months of 2025, Uzbekistan's enterprises produced paper and paper products totalling 8 trillion soum, which is a 5.9% increase compared to the same period in 2024, reports the National Statistics Committee.
The city of Tashkent remains the leader in production volume with 3.6 trillion soum, followed by the Tashkent regionwith 2.2 trillion soum.
High production indicators among the...
In the first ten months of 2025, Uzbekistan's enterprises produced paper and paper products totalling 8 trillion soum, which is a 5.9% increase compared to the same period in 2024, reports the National Statistics Committee.
The city of Tashkent remains the leader in production volume with 3.6 trillion soum, followed by the Tashkent regionwith 2.2 trillion soum.
High production indicators among the...
The President defined the target indicators for the development of Tashkent's transport system until 2030: the share of public transport should grow to 60%, the speed of buses to 24 km/h, and the metro length to 103 km. The creation of a Traffic Management Centre (TMC) and the launch of an intelligent control system are also envisaged.
President of Uzbekistan Shavkat Mirziyoyev signed a...
The President defined the target indicators for the development of Tashkent's transport system until 2030: the share of public transport should grow to 60%, the speed of buses to 24 km/h, and the metro length to 103 km. The creation of a Traffic Management Centre (TMC) and the launch of an intelligent control system are also envisaged.
President of Uzbekistan Shavkat Mirziyoyev signed a...
Uzbekiston Temir Yollari Joint Stock Company and Kazakhstan Temir Zholy National Company Joint Stock Company agreed to expand railway cooperation for the transportation of grain and food cargo.
On 7 December 2025, a meeting of representatives of the two countries was held at the Saryagash junction point. Attendees included Minister of Transport of Uzbekistan Ilkhom Makhkamov, Deputy Minister...
Uzbekiston Temir Yollari Joint Stock Company and Kazakhstan Temir Zholy National Company Joint Stock Company agreed to expand railway cooperation for the transportation of grain and food cargo.
On 7 December 2025, a meeting of representatives of the two countries was held at the Saryagash junction point. Attendees included Minister of Transport of Uzbekistan Ilkhom Makhkamov, Deputy Minister...
Ambassador of Uzbekistan Alisher Tukhtaev met with the Head of the Pakistani private airline Fly Jinnah, Syed Arman Yahya, reports the Dunyo news agency.
During the meeting, the parties discussed the prospects for expanding the geography of air traffic between the two countries, increasing the tourist flow, and developing cooperation between airlines, including cargo transportation.
It was noted that relations between Uzbekistan...
Ambassador of Uzbekistan Alisher Tukhtaev met with the Head of the Pakistani private airline Fly Jinnah, Syed Arman Yahya, reports the Dunyo news agency.
During the meeting, the parties discussed the prospects for expanding the geography of air traffic between the two countries, increasing the tourist flow, and developing cooperation between airlines, including cargo transportation.
It was noted that relations between Uzbekistan...
Deputy Muhammad Valiev pointed to the supposed reduction in expenses for a number of medical programmes, including assistance for children with spinal muscular atrophy (SMA), preventive drugs, and the fight against human immunodeficiency virus (HIV). Deputy Minister of Health Elmira Basitkhanova refuted this and explained the reallocation of funds.
Deputies of the Legislative Chamber of the Oliy Majlis discussed the 2026 budget...
Deputy Muhammad Valiev pointed to the supposed reduction in expenses for a number of medical programmes, including assistance for children with spinal muscular atrophy (SMA), preventive drugs, and the fight against human immunodeficiency virus (HIV). Deputy Minister of Health Elmira Basitkhanova refuted this and explained the reallocation of funds.
Deputies of the Legislative Chamber of the Oliy Majlis discussed the 2026 budget...
The GDP for the CIS as a whole grew by 2.2% for January–September 2025 compared to the corresponding period last year. Almost all CIS member states demonstrated positive dynamics, with the exception of Moldova, where the indicator remained at the 2024 level.
The highest growth rates were seen in Kyrgyzstan (+10%), Tajikistan (+8.2%), and Uzbekistan (+7.6%).
Growth continued in industrial production, agriculture, and...
The GDP for the CIS as a whole grew by 2.2% for January–September 2025 compared to the corresponding period last year. Almost all CIS member states demonstrated positive dynamics, with the exception of Moldova, where the indicator remained at the 2024 level.
The highest growth rates were seen in Kyrgyzstan (+10%), Tajikistan (+8.2%), and Uzbekistan (+7.6%).
Growth continued in industrial production, agriculture, and...
Federal budget tax revenues from the extraction and sale of oil and gas in November did not reach the monthly baseline level: RUR531 billion was collected, compared to the "baseline" of RUR561 billion. Previously, for two consecutive months—in September and October—actual oil and gas collections exceeded this threshold. The baseline level is the minimum necessary...
Federal budget tax revenues from the extraction and sale of oil and gas in November did not reach the monthly baseline level: RUR531 billion was collected, compared to the "baseline" of RUR561 billion. Previously, for two consecutive months—in September and October—actual oil and gas collections exceeded this threshold. The baseline level is the minimum necessary...
The previously active growth in the production of metal structures will slow down until 2030, while the output of rolled steel and wire rod will increase steadily, analysts at Neo believe. The first segment is limited by large state projects, and the second is supported by more flexible domestic demand from businesses. Metallurgists generally expect consumption of steel...
The previously active growth in the production of metal structures will slow down until 2030, while the output of rolled steel and wire rod will increase steadily, analysts at Neo believe. The first segment is limited by large state projects, and the second is supported by more flexible domestic demand from businesses. Metallurgists generally expect consumption of steel...
The profitability of Russian coking coal exports in the eastern direction has equalled domestic sales for the first time in many months. This is caused by a fall in the cost of metallurgical raw materials in the Russian Federation, an increase in export prices, including due to demand in India, and a reduction in...
The profitability of Russian coking coal exports in the eastern direction has equalled domestic sales for the first time in many months. This is caused by a fall in the cost of metallurgical raw materials in the Russian Federation, an increase in export prices, including due to demand in India, and a reduction in...
Investment sharply slows down in the Russian Federation in recent months, moving to a reduction in the third quarter. Industry and Gross Domestic Product (GDP) still maintain inertial growth of about 1% annually. Many independent economists warn of high risks of recession in the domestic economy. However, the leaders of the Central Bank of the Russian Federation announced...
Investment sharply slows down in the Russian Federation in recent months, moving to a reduction in the third quarter. Industry and Gross Domestic Product (GDP) still maintain inertial growth of about 1% annually. Many independent economists warn of high risks of recession in the domestic economy. However, the leaders of the Central Bank of the Russian Federation announced...
The current week ends quite positively for the Russian stock market. Expectations for the negotiation track improved, and following the main trades on Friday, the Moscow Exchange Index (MOEX) rose by 2% to 2,711.3 points. The RTS Index added 3.2% and totalled 1,122.46 points. The market was also supported by the results of the Russian President's visit to India and...
The current week ends quite positively for the Russian stock market. Expectations for the negotiation track improved, and following the main trades on Friday, the Moscow Exchange Index (MOEX) rose by 2% to 2,711.3 points. The RTS Index added 3.2% and totalled 1,122.46 points. The market was also supported by the results of the Russian President's visit to India and...
The China logistics sector demonstrated stable growth in business activity in November 2025, according to data recently published by the China Federation of Logistics and Purchasing.
The index tracking business activity in the China logistics market totalled 50.9% in November, an increase of 0.2 percentage points compared to the previous month.
The operations volume index in the central and western regions of the country was 51% and 51.2%, respectively. In the eastern regions,...
The China logistics sector demonstrated stable growth in business activity in November 2025, according to data recently published by the China Federation of Logistics and Purchasing.
The index tracking business activity in the China logistics market totalled 50.9% in November, an increase of 0.2 percentage points compared to the previous month.
The operations volume index in the central and western regions of the country was 51% and 51.2%, respectively. In the eastern regions,...
