According to the Brookings Institute, Moscow is economically the sixth most powerful city in the world, with a Gross Regional Product (GRP) of $553bn in 2014. Its debt to GRP ratio is marginal – just 1.1 per cent compared to 11.7 per cent for New York – and in 2015, according to the country’s Central Bank, it attracted half of all the foreign direct investment made in Russia.
A city of paradoxes, the government would like Moscow to also be known as one of the smartest cities in which to live.