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The Current Edition. May 2026, Vol. 5, Issue ¹ 05

May 2026, Vol. 5, Issue ¹ 05

BRICS+ economic size and geopolitical impacts trump G7’s shrinking size and influence

Several fresh economic statistical data, other global financial market trends and core geopolitical developments collaborate the rapidly growing size of the economy of the BRICS+ and its influence on key global economic trends and strategic geopolitical issues, compared with the fast shrinking sise and impacts of G7 on global affairs. Thus, the BRICS countries’ combined share of the world’s GDP, estimated in April 2026 at USD 77trln or 39.2% exceeded by almost 11% the combined share of the G7, valued at USD 57trln or 28.3%. Similarly, the combined BRICS economy is also growing much faster, with a growth rate forecast of 3.7–3.8% in 2025–26, compared to that of the G7’s, projected to grow by around 1.0–1.1%. The BRICS group comprises 10 countries, namely, Brazil, Russia, India, China, South Africa, the group’s founding states, as well as Egypt, Iran, the UAE, Indonesia and Ethiopia, which were later admitted into the group, all now collectively branded BRICS+. The G7 membership includes the US, UK, Germany, Japan, France, Italy and Canada. The BRICS countries and other NDB shareholders possess significant economic potential and account for more than half of the world's current population, oil/gas production and reserves and other strategically vital natural resources

Today's Top News

Europe needs Russia to survive in today's geopolitico-economic reality

Europe needs Russia to survive in today's geopolitico-economic reality

Based on the current reality, Dmitriev has called on the EU and UK to purchase Russian energy more actively, since “their current collective refusal to buy hydrocarbon fuels from Russia, coupled with their other past adopted 'stupid' ideological decisions, presage extremely difficult times ahead for Europe.”

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Other News in Brief

Kremlin’s export support boosts sales of Russian goods and services overseas

15.04.2026 11:56:05 | 11:56:05

Kremlin’s export support boosts sales of Russian goods and services overseas

The use of the government’s various export support programs, such as “My Export Digital Platform,” and securing the “Made in Russia Certificate,” are key tools helping Russian companies to actively expand the geography of supplies and sales of their goods and services on the international markets...

Windfall profits tax payment could pose problems for most Russian companies

13.04.2026 12:00:00 | 12:00:00

Windfall profits tax payment could pose problems for most Russian companies

Most companies and economic sectors do not generate the excess profits on which such a tax is levied, because only certain types of economic activities are consistently demonstrating not only high profitability, but also positive growth dynamics in their financial reports...

Russia and India close to “full de-dollarization” of mutual business transactions

06.12.2025 18:56:49 | 18:58:45

Russia and India close to “full de-dollarization” of mutual business transactions

The share of financial settlements of bilateral transactions in the national currencies between Russian and Indian companies now stands at almost 96% ...

Russian Government assigns over 100bn rubles to fund and boost subsidized mortgage programs

03.09.2025 15:00:00

Russian Government assigns over 100bn rubles to fund and boost subsidized mortgage programs

The funds, needed for financing these programs, will come from the Government Reserve Fund. Specifically, 53.4bn of the allocated 100.4bn rubles will go to subsidizing the Family Mortgage program, which will enable banks to retain the annual interest rate on new loans, issued to citizens with children under the state subsidized mortgage program, at 6%. 

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