Cuba has become a member of the BRICS New Development Bank (NDB) and is expected to obtain access to alternative financing, as the NDB offers credit without the strict conditions of institutions such as the IMF or the World Bank. Cuba has limited access to the dollar-dominated global financial system and is heavily sanctioned by […]
The share of the Russian ruble in payments for Russian exports has surpassed 50% of the total for the first time, according to the Russian Central Bank. Moscow and many of its trading partners have stepped up efforts to reduce exposure to the Western financial system since major Russian banks were cut off from […]
The average economic growth rate of the Eurasian Economic Union (EAEU) countries between 2025 – 2030 is projected to average out at about 6% per annum, according to various analytical sources including the Eurasian Development Bank, World Bank and data analysts Statista. That could even be higher should sanctions during the coming five years be […]
Russian Prime Minister Mikhail Mishustin has conducted a series of bilateral meetings in Manzherok at the Gorno-Altai resort in the Altai Republic on Thursday, meeting with the prime ministers of Armenia, Belarus, and Kazakhstan. Armenia In relations with Yerevan, Moscow is concerned about the decline in trade turnover against the backdrop of Armenia’s rapprochement with […]
China’s NewNew Shipping Line may invest in a deep-water project at Arkhangelsk’s seaport, Arkhangelsk Region Governor Alexander Tsybulsky said at a meeting with President Vladimir Putin on Thursday (July 24). Tsybulsky said that “The Chinese company NewNew Shipping Line is showing interest in the project. They’re prepared to invest up to ₽200 billion (US$2.52 billion) […]
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The tourist flow from Moscow to Beijing increased by 83% in the first five months of 2025, according to Zheng Fang, Deputy Director of the Beijing Tourism Administration. Fang added that Beijing will introduce ten additional programmes for Russian travelers. In this way, Russia and China are strengthening their tourism partnership. Moscow and Chinese cities […]
Conflict has broken out between Thailand and Cambodia, regarding long-disputed land borders and certain temples. The problems began with a Thai soldier being wounded by a Cambodian land mine and have escalated. As of Friday, (July 25) an estimated 15 civilians have died with 138,000 Thai nationals being evacuated from the border region. Fighting has […]
The countries of the Shanghai Cooperation Organization (SCO) are preparing for the annual Heads of State summit, which will take place from August 31 to September 1 in Tianjin, China. Both Russia and China have stated they intend to take the SCO to a level that “goes up forever.” However, as Russia’s Foreign Minister, Sergey […]
Russia has imposed an immediate halt on foreign oil tanker loadings at its key Black Sea export hubs, citing a new port security decree that requires Federal Security Service (FSB) clearance for all foreign vessels—a move that will disrupt over 2% of global crude supply. The restriction, which took effect immediately following President Vladimir Putin’s […]
The Russian Foreign Minister, Sergey Lavrov, has met with Maria Lucas, the Foreign Minister of Mozambique in Moscow. Mozambique lies along the east African coast and acts as a link between the Indian ocean and the heart of the African continent. This is what Lavrov had to say in a de-briefing after the discussions: “We […]
Average monthly salaries in Russia are expected to grow to ₽100,000 (US$1,273) by the end of 2025, an increase of 12% over the year, according to Izvestia, Russia’s equivalent of the Financial Times. The best earners now are in the IT sector, finance and raw material extraction, insurance, construction, transportation and storage, while the manufacturing […]
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