Economy

Russia and Ethiopia are increasing trade turnover, which has grown 2.2 times. The parties are preparing a business forum and online meetings for companies. Russia's assistance in Ethiopia's accession to the WTO and the exchange of experience in regulating the platform economy are being discussed.

Negeri Lencho will represent Ethiopia at the BRICS Forum in Brazil. Key topic: the role of AI in protecting traditional values and national sovereignty. Challenges: deepfakes, information warfare. Proposal: Common standards for AI regulation in the BRICS countries.

Russia and the UAE have signed an agreement on investments and services: the Emirates are opening 64 sectors for Russian companies, including transport and research, and Russia is opening 12 business areas from the UAE.

On September 15-16, St. Petersburg will host a free outdoor LNG transport exhibition as part of the forum. Visitors will see trucks, buses, and equipment for storing and transporting gas.

Russia is preparing for a large-scale technological breakthrough that could radically change its position in the global digital arena. In response to President Vladimir Putin's order to boost the country's technological development, the Association of Data Processing Centers (ADC) is proposing an ambitious project to create mega-data centers for the BRICS countries.

Vladivostok has become the epicenter of international economic dialogue — the tenth anniversary Eastern Economic Forum was officially opened at the Far Eastern Federal University. The four-day event will bring together government officials, the business community, and experts from more than 70 countries.

Import substitution in Russia continues to transform the domestic economy and redistribute the interests of investors. According to Sergey Yarutin, head of the Association of Import-Substituting Enterprises, the domestic industry has been showing steady growth since 2022. According to Rosstat, the manufacturing industry grew by 6.6% in 2023, and by more than 8% by 2024. The achievements in the production of metal products and computer equipment are particularly noticeable, where the increase was

The Unified Federal Register of Bankruptcy Information (EFRSB) is an open government database that contains information on all insolvency cases of citizens and legal entities in Russia. This tool is actively used by businessmen and investors to assess the reliability of their partners and minimize risks when making deals.

With the development of neural network technologies, businesses have the opportunity to speed up their work processes by creating texts, images, and audio content using artificial intelligence. However, the use of such materials is associated with legal risks, especially regarding copyright compliance. Violations can result in fines, blockages, and court proceedings.

During the meeting at the Shanghai Cooperation Organization summit in Tianjin, China, Russian President Vladimir Putin and Vietnamese Prime Minister Pham Minh Tinh discussed the current level and prospects of economic cooperation between the two countries.

The economic and investment cooperation of the member states of the Shanghai Cooperation Organization will receive a powerful boost in the near future. This statement was made by the head of the Russian Direct Investment Fund and special representative of the President of the Russian Federation Kirill Dmitriev on the sidelines of the SCO summit, which is taking place in China.

Since September 1, 2025, Russian retail has entered a new stage of transformation related to the expansion of the mandatory labeling system for Honest Mark products. The new rules apply to three major product categories: children's toys, certain types of building materials, and shaving supplies. This means that all manufacturers and suppliers of these products are required to register in the system, and from December 1, the sale of unmarked goods will be completely prohibited.

Starting from September 1, 2025, a new wave of digital labeling of goods in the Honest Sign system will start in Russia. Several categories fall under the mandatory registration in the system at once: hot drinks, sweets and sports nutrition. The innovations are designed to make the markets of these products more transparent and reduce the proportion of counterfeiting, but businesses are already preparing for additional costs and cost increases.

In entering the markets of the Persian Gulf countries, the decisive success factor is often not only the quality of the product or service, but also the ability to negotiate at a culturally and linguistically sensitive level. One such example is the successful participation of a Russian company in a tender for a major infrastructure project in the United Arab Emirates.

The Russian machinery and equipment market has undergone major changes over the past three years. Under the pressure of sanctions and the withdrawal of Western brands, domestic companies are actively reviewing logistics and supplies. But how profound are the changes: did we really start producing ourselves, or did we just switch from one foreign partner to another?