Trading of Chinese RMB Yuan on Russia’s foreign exchange market hit an all-time high in March, the Bank of Russia (CBR) reported in its financial risk review on Monday (April 8). Russia’s shift away from major Western currencies started with the US and EU sanctions imposed on the country over the Ukraine conflict. The financial […]
China and Russia have stated their aims to maintain “industrial supply chain stability” after Chinese foreign minister Wang Yi and his Russian counterpart Sergei Lavrov reinforced calls for their two countries to work more closely together against “hegemonism”, in a statement released by the Chinese foreign ministry. Russia has been intensely sanctioned by Western powers […]
Russia’s Pivot to Asia sat down last week with a highly experienced group of people, including high-profile China and Asia experts, an American banker, and Russian academics. The question on the table: “Does the west have a game plan for Russia?” First, about the attendees. All are well known in their fields and government influential. […]
Russia’s Pivot to Asia have published our first annual Russia’s Pivot to Asia Guide, in Russian. It is a 300-page full colour PDF with maps and graphics that details Russia’s 2024 trade and development with 80 countries, in addition to evaluating new supply chain routes such as the INSTC and the NSR, and Russia’s developments […]
Sergey Lavrov, Russia’s Foreign Minister, is meeting with Wang Yi, China’s Foreign Minister (and State Councillor) on Monday and Tuesday (April 8 & 9) in Beijing to discuss bilateral cooperation and plans for Vladimir Putin’s meetings with Xi Jinping next month. Talks between Lavrov and Chinese Foreign Minister Wang Yi, who extended the invitation to […]
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Russian consumers now possess more income at their disposal since pre-covid times, where according to Macrotrends Russian consumer spending rose 19.68% in 2022. That has led to seven new international brands opening their first stores in Russia during Q1 2024, according to Nikoliers a commercial real estate consulting firm. “Based on the results of the […]
India’s PSK Biotech Private Limited has signed an agreement to start manufacturing personal hygiene products, diapers, and medical supplies in the city of Yuzhno-Sakhalinsk, in Russia’s Far East Sakhalin region. Production is planned to launch in November this year. The initiative would also significantly reduce the Sakhalin region’s reliance on imported technology and shorten the […]
Our Look Back At Some Of The Weeks Most Bizarre Russo Political Moments US-Russia Manure Trading Bourse Opens It’s been great to see sensible adult dialogue is back in vogue, with White House National Security Communications Adviser John Kirby stating that Russian comments about the appalling attack on Crocus City reminded him of what his […]
The Russian Finance Ministry has transferred ₽7.8 billion (US$84.4 million) to the National Settlement Depository (NSD) to pay a coupon yield on sovereign Eurobonds maturing in 2042, the ministry said. NSD, the payment agent, has received the funds. A Eurobond is a bond issued offshore by governments or corporates denominated in a currency other than […]
The United States has imposed sanctions against Russia’s JSC NSPK, the operator of MIR payment cards. These act as a Russian form of Visa and Mastercard and allow card holders the ability to access ATM machines, pay for goods in stores and conduct transactions. The latest countries to be targeted by US secondary sanctions are […]
Denis Manturov, the Russian Industry and Trade Ministry expects manufacturing output could grow at least 5% if current trends persist in 2024, he said to the State Duma on Wednesday (April 3). “Everything will depend on many factors, including monetary policy, but given the results we see in the first two months, I think that […]
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