Yakov and Partners - In the media

Bilateral trade between India and Russia stood at $50 billion in the financial year 2022-23, said Minister of Ports, Shipping and Waterways of India Sarbananda Sonowal, forecasting an even bigger turnover for 2024. Last year, a study conducted by a private consultancy, Yakov and Partners, and state-owned financial organization Business Russia predicted that trade between India and Russia could reach $200 billion by 2030

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According to a preliminary estimate by Yakov and Partners, the share of new car leasing businesses in Russia went down by 10% in 2024 compared to last year, from RUB 1.9 trillion to 1.7 trillion. Alexey Moseychev, an expert at the Research & Insights Center at Yakov and Partners, says that trucks make up the bulk of the market (59%), and thus the trends in this segment contributed the most to the car leasing performance indicators in general

Yakov and Partners experts estimate that the volume of new business in the domestic car leasing sector sagged 10% y.o.y. in 2024, from RUB 1.9 trillion down to 1.7 trillion. These figures are attributed to poor performance of the passenger car segment and shrinking of the truck segment. Alexey Moseychev explains that since trucks account for the greater share of the market (59%), it is the performance in this segment that had the greatest impact on the entire sector

Despite slight funding cuts and slower construction pace, metro expansion is still central to Moscow’s transport strategy due to the continued growth of the metropolitan area's population, said Alexey Moseychev, an expert at Yakov and Partners Research & Insights Center. Over the next three years, 12 new stations are planned

Maxim Bolotskikh, a director at Yakov and Partners, notes that the share of electric transportation in Russia is increasing, but not at a rate that would generate revenue comparable to gas stations. He predicts that in the coming years, development of electric charging stations (EHS) will mainly occur mainly in big cities, where sales of electric vehicles are highest and infrastructure is already well developed

Transportation cannot be considered in isolation from the economy, says Igor Piun, a director at Yakov and Partners. The main goal of transport infrastructure development is to sustain dynamic growth of the city's economy. Improving the connectivity between Moscow and its suburbs will help stimulate economic growth, while making travel more predictable and often cheaper, he notes

In recent years, the automotive industry has been undergoing a significant transformation. Electric vehicles are taking an increasing share of the market. Yakov and Partners director Maxim Bolotskikh believes the latest boom in global electric vehicle sales is being driven by the rapid financing and development of electric transport in China and, to a lesser extent, Europe

“Moscow's transportation system is being rapidly upgraded, but there still are areas for logistics improvement,” says Andrey Pavlovich, CEO of LogiX. “For instance, booming online sales require the construction of small dark stores (mini-warehouses) to ensure the delivery of goods to customers. Now there is still a shortage of dark stores, which affects the efficiency of courier delivery.”

Yakov and Partners analysts believe the Eastern Test Range may in the long term become the basis for changing global transportation flows and forming new international transportation corridors, driving regional development and strengthening national transportation security. The comprehensive modernization of the two main railway lines, the Baikal-Amur and the Trans-Siberian, is expected to increase the capacity of the railway network by nearly half, from 75 million tons to 180 million tons

Electric cars will continue to gain popularity in the coming years: Maksim Bolotskikh, Partner at Yakov and Partners, predicts that the share of electric cars in total sales of passenger cars in Russia will reach 13–20% by 2030. The limited availability of charging stations is a deterrent to buying an electric car. According to a survey of motorists who are hesitant to buy an electric car, 42% of respondents name this factor as the main obstacle to making a purchase