Economy

COP29

BRICS Carbon Agreement Expected From COP29 Commitments  

BRICS, Economy, Investment, Trade

The BRICS countries have drafted a special memorandum for partnership on carbon markets and it is expected to be signed before the end of 2024, according to Nikita Kondratyev, the director of multilateral economic cooperation and special projects at Russia’s Economic Development Ministry. He was speaking during a session at the UN COP29 climate conference, […]

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G20 Countries Interested In Joining BRICS New Development Bank

BRICS, Economy, Finance, Trade

Brazil, which is hosting the upcoming G20 annual meetings in Rio de Janeiro from 18–19 November, has made the BRICS New Development Bank (NDB) a G20 partner for 2024. Several G20 countries could subsequently join the bank, according to Russian Foreign Ministry Ambassador Marat Berdyev. The G20 includes Argentina, Australia, Brazil, Canada, China, France, Germany,

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Russia To Simplify Foreign Tourism Visa Access To The Russian Far East  

Asia, China, Economy, Infrastructure, Logistics & Transport, Trade

The Russian government and relevant authorities should simplify the possibility for foreign tourists to enter regions of the Russian Far East, President Vladimir Putin has said, in assignments given at the conclusion of meetings with Russian officials during the recent Eastern Economic Forum in Vladivostok. The Russian State Cabinet, together with the Foreign Ministry, the

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Russia, Iran Connect National Financial Settlement Networks

BRICS, Economy, Finance, Infrastructure, Trade

Russia and Iran have completed the pairing of their national payment systems, which will allow travelers from the two countries to use their domestic debit cards for purchases in either Iran or Russia. Both countries are currently suspended from the SWIFT international payments system, with the non-SWIFT pairing of Russia and Iran significant as it

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GDP

Russia’s Central Bank Forecasts Russia’s 2024 GDP Growth To Be 4%, Details Anticipated 2025, 2026, 2027 Growth Rates

Economy, Finance

The Central Bank of Russia’s (CBR) forecast for Russian GDP growth during 2024 is 3.5% – 4%, however, the final estimate for economic growth this year could exceed 4%, according to Kirill Tremasov, an advisor to the CBR governor. Tremasov, speaking at the Russian Economic Forum in Chelyabinsk, stated that “In 2023, Russia’s GDP growth

Russia’s Central Bank Forecasts Russia’s 2024 GDP Growth To Be 4%, Details Anticipated 2025, 2026, 2027 Growth Rates Read More »

What A Trump Presidency Will Mean For Russia – Part Three – The United States & BRICS

BRICS, Economy, Trade

Part Three – The United States and BRICS With Donald Trump about to become the 47th President of the United States, we look at the various issues his presidency is likely to impact Russia, including Ukraine, sanctions, security, tariffs, trade, and BRICS. In Part Three, we look at the implications for the United States’ likely

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IPO image

Russia’s 2024 IPO Market Booms With The Average 5 Times Over-Subscribed 

Economy, Finance, Investment, Trade

During this year, a long-awaited IPO boom has occurred in the Russian market. In less than a year, 14 new issuers placed their shares on the open market, and another began collecting applications — the best result since 2007. Driving this are institutional investors, but increasingly private investors are also now involved. For 2025, Russian

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Russia’s Globaltrans Delists From London, Relists In Astana 

Economy, Eurasian Economic Union, Finance, Investment, Trade

The major Russian cargo carrier Globaltrans is to leave the London Stock Exchange (LSE) on November 22, and has already relisted in Astana, Kazakhstan. The company is one of Russia’s largest rail transport groups, and is focused exclusively on the freight logistics sector in Russia and the Commonwealth of Independent States (CIS), providing services for

Russia’s Globaltrans Delists From London, Relists In Astana  Read More »

BS

Bank of International Settlements Poised To Cease Cooperation With mBridge

BRICS, China, Economy, Finance, Trade

The Basel-based Bank of International Settlements (BIS) is poised to drop cooperation with the mBridge financial settlements system, in a move that would delay the introduction of any alternative financial settlements system to SWIFT. mBridge has been developed by the Central banks in China, Thailand, Hong Kong, and the UAE, and has recently and successfully

Bank of International Settlements Poised To Cease Cooperation With mBridge Read More »

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