Invest in Russia — invest in Russian regions!


24 January 2023
2023 Global outlook. A new investment playbook

Blackrock specialists in their annual review of key trends in the financial markets are looking for answers to the questions that 2022 has asked.

State budgets
Clear all
13 June 2022
Analysis of Russian regions’ budget execution in 2021 and budget plans for 2022

In this report, ACRA analyses budget execution in Russia’s federal subjects in 2021 and their budget plans for 2022.

4 September 2020
Between Scylla and Charybdis - How Russian Regions are Coping With Pandemic Economic Consequences

Experts from the National Rating Agency present a study of the impact of the coronavirus pandemic and the restrictions against it on the economy of Russian regions. The study provides indicators of industrial production, examines the situation on the labor market, regional budget revenues and other aspects of the pandemic impact on regional economies.

30 August 2019
Far East Federal District - long-term debt financing needed

In anticipation of the Eastern Economic Forum — 2019, ACRA and Roscongress Foundation has come up with a research on possible sources of financing for the regions of the Far Eastern Federal District.

18 April 2019
Budget surplus saved for the future

The Analytical Credit Rating Agency (ACRA) has published 2018 budget results for Russian regions.

Analytical digest
17 April 2019
Russia through a lens

The 13th issue of Russia Through a Lens, the analytical journal produced by the Deloitte Research Centre in Moscow, falls under the Research Centre’s monitoring activities.

19 March 2019
Strong fiscal rules in the EU do not guarantee good fiscal health

This publication by the European Rating Agency analyzes the relationship between the strength of the fiscal rules in the EU countries and the compliance with these rules.

Analytical digest
14 February 2019
Key tax changes in 2019. Tax amendments in 2018

KPMG presents an overview of key amendments to Russian tax legislation which were introduced in 2018 or will come into force in 2019.

17 August 2018
Changing economic policy is the main channel of sanctions' influence on the Russian economy

This report by ACRA analyzes the effect of Western sanctions on the Russian economy.

20 June 2018
Corporate sector to drive surpluses of regional budgets, and federal center to save overleveraged regions

In its research ACRA analyses the results of execution of Russian regional budgets in 2017.

20 June 2018
Russian regions have become net lenders for financial institutions

ACRA research is devoted to Russian regions’ financial reserves and commercial debt.