logo

Contact Us

about

MonDef Bulletin
- Macroeconomics in Russia | 07.2026

thumb

"In the Central Bank's July survey, analysts raised the 2026 inflation forecast to 6.2% (+0.9%) while lowering the growth forecast to 0.6%; the key interest rate is expected to average 14.5% in 2026, 12.2% in 2027, and 8.6% at the end of the period..."

about

MonDef Bulletin
- Macroeconomics in Russia | 06.2026

thumb

"Although a severe crisis is not expected, the inflation forecast for 2026 was revised to 5.3% (-0.2%) and the GDP growth forecast to 0.7% (-0.3%), while unemployment forecasts (2.3%) remained unchanged. The key interest rate is expected to be 14.1% in 2026, 10.6% in 2027, 9.0% in 2028, and 8.1% in the long term..."

about

MonDef Bulletin
- Macroeconomics in Russia | 05.2026

thumb

"According to the IMF, global growth falling below 2% means a global recession*. Despite various speculations, the world economy has not yet entered a global crisis, but the risk of a recession has increased..."

about

MonDef Bulletin
- Macroeconomics in Russia | 04.2026

thumb

"As is often stated, Russia is not a major economy, but rather a significant strategic player. Therefore, it should be evaluated alongside the primary actors involved in global affairs, namely China, the United States, and the Eurozone..."

about

MonDef Bulletin
- Macroeconomics in Russia | 03.2026

thumb

"Significant discrepancies exist among data from various institutions concerning the trajectory of industrial production, with some figures suggesting growth and others a decline....."

about

MonDef Bulletin
- Macroeconomics in Russia | 02.2026

thumb

"Business surveys indicate that, as of year-end, capacity utilization rates across the broader economy have rapidly declined, falling below 78%. This downturn has impacted virtually all sectors......"

about

Investor’s Guide to Russia

thumb

"At a time when the world economy is questioning neoliberal models, this work offers a comprehensive outlook that blends the principles of Russian- and Chinese-style “State Capitalism” with the author’s professional journey and field experiences. The “10 Arguments” in the first section draw a broad strategic framework—from banks’ financial expectations to the relationship between investors and the state—while the “25 Case Studies” in the second section examine investor psychology and strategic management through real-world scenarios in sectors such as energy, food, construction, and textiles. Presenting the hard data of financial models in a clear, streamlined narrative, the book focuses on the “human” and “story” behind the numbers. Enriched with a glossary and practical information appended at the end, the study serves as a comprehensive guide for all professionals doing business in, or targeting, the Russian geography."


about

MonDef Bulletin
- Macroeconomics in Russia | 01.2026

thumb

"The Central Bank emphasizes that inflation is no longer fueled by mere figures, but rather by 'inflation expectations.' Citizens' inflation expectations for the next 12 months remain high at 13.7%. Unless these expectations are broken, it appears difficult for the Central Bank to cut the policy rate, and the 'Tight Monetary Policy' is likely to persist....."

about

MonDef Bulletin
- Macroeconomics in Russia | 12.2025

thumb

"Russia's Composite PMI, which reflects industrial and services production, fell to "Exactly 50.0" at the end of December from 50.1 in November. A level of 50.0, which signifies neither growth nor contraction, indicates "stagnation....."

about

MonDef Bulletin
- Macroeconomics in Russia | 11.2025

thumb

"In the Russian economy, the strong momentum provided by defense industry expenditures, in particular, is expected to give way to a more balanced and moderate growth trajectory toward the end of 2025. The growth rate, which reached levels of 3.6% throughout 2024, is projected to....."

about

MonDef Bulletin
- Macroeconomics in Russia | 10.2025

thumb

"Russia’s modern economy accelerated its decoupling from Western markets, from the chaos of the 1990s to energy-driven growth in the 2000s, and then, after 2022, with a series of sanctions and geopolitical isolation that escalated into hysterics...."

about

MonDef Bulletin
- Macroeconomics in Russia | 09.2025

thumb

"Gas; U.S. natural gas rose to $3.37 per MMBtu, hitting a 10-week high due to falling production. In the long term, global LNG capacity is expected to increase by 60% by 2030 with new projects...."

about

MonDef Bulletin
- Macroeconomics in Russia | 08.2025

thumb

"For the first time in a long time, the government's budget deficit was 2.2% (January–July 2025). While it was projected to be 2.7% by the end of this year, the Ministry of Finance is calculating 1.7%. Therefore, an average budget deficit/GDP ratio of 2.2% can be considered acceptable..."

about

MonDef Bulletin
- Macroeconomics in Russia | 07.2025

thumb

"Politicized economy is gaining increasing importance, transforming today's world into a multipolar structure and, paradoxically, increasingly globalizing it. In this process, adhering to certain principles, even at a basic level, is now a necessity for every manager. In the case of Russia..."

about

AEB
How to Invest in Russia |

thumb

"Russian government support for industrial investment projects and the real effects on the investor’s financial model"


about

MILLER
The vision of Turkish flour industry in Russia |

thumb

"Today, time is moving faster for investors than ever before, and the cost is even more expensive than we perceive. One thing is clear: waiting any longer in this distinguished historical period of Russian-Turkish diplomacy is a huge waste of opportunity"


about


Doing Business in Russia (TR) |

thumb

"Dear Reader, The politicized economy is gaining increasing importance with each passing day. Today's world is assuming a multipolar structure while simultaneously becoming more globalized. In this process, adhering to certain fundamental principles at an international level has now become imperative for every executive."


about


Green Building Certification in Russia |

thumb

"Green buildings are environmentally friendly, economical and healthy buildings where the building is evaluated and designed within the framework of its life cycle starting from the land selection process, suitable for the natural conditions specific to the nature in which it is located, energy-efficient and oriented towards renewable resources, materials with low environmental impacts are selected, water efficiency is provided"

about


Government Supports in Russia |

thumb

"We hereby present our report concerning Russian Government Supports for Industrial Projects and its real effects on Financial Model. It is obvious that the subject is wide and it took a lot of effort to simplify it. We therefore called the report a simple Four Square as we believe that the most appropriate way to explain the content is to divide into parts so that will be visually and analytically comprehensible. Hope that will be useful for investors..."





about


KOMMERSANT NEWS |

thumb

"Turkish millers plan to build sites in Russia. Against the backdrop of restrictions on the export of Russian wheat, large buyers — Turkish millers — are thinking about organizing production in the Russian Federation. Thus, MonDef plans to build a complex in the south of the country with a mill with a capacity of 1 thousand tons of grain per day for subsequent deliveries of flour to foreign markets"