Economy

Putin’s Plenary Speech At The Eastern Economic Forum: Analysis

China, Economy, Foreign Investment, Infrastructure, Investment, Trade

The Russian President, Vladimir Putin, gave a plenary speech at the Eastern Economic Forum (EEF) on Thursday (September 5) in which he outlined Russia’s plans for regional Asian development and other issues related to security, trade and investment. The speech was one of Putin’s longer talks, lasting close to 45 minutes. Attendees included the Malaysian […]

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International Organizations Image

Russia To Evaluate The Performance Of Its International Participation Memberships

BRICS, Economy, Investment, Shanghai Cooperation Organisation, Trade

The Russian government is to put into place a more assertive approach in promoting its national concerns and development agenda within multiple international organizations, including the World Bank, APEC, OECD, APEC, G20 and BRICS amongst others. To do this, the Ministry of Finance (MoF) has selected the Economic Expert Group, who during 2024–2025, will conduct

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Crypto Exchange

Russian Crypto Exchanges & Stablecoins To Be Trialled To Support Foreign Trade 

Economy, Finance, Trade

Two crypto exchanges are expected to be launched in Russia, one in Moscow and the other in St. Petersburg, with the aim of assisting foreign trade payments.  While the operating mechanics are not yet specifically in place, Russian lawyers feel they will most likely be created in an experimental legal mode. To begin with, usage

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Russia’s Trade With BRICS Countries Increases 6% In 5M 2024

BRICS, Economy, Infrastructure, Investment

The BRICS Partnership for a New Industrial Revolution is Underway Anton Alikhanov, Russia’s Trade & Industry Minister, has been attending the 8th meeting of the BRICS Industrial Ministers in Nizhny Novgorod, and has said that during the first five months of 2024, Russia’s trade turnover with the complete BRICS membership increased by 6.3%. This includes

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Russian Residence Visas Available To Foreign Nationals With Shared Russian Values

Economy, Foreign Investment, Infrastructure, Miscellaneous

Foreign nationals who share Russia’s traditional values, and disagree with the ‘neoliberal’ principles imposed by their own governments can now apply for Russian residency permits, according to a decree signed on Monday (August 19) by President Vladimir Putin. Unofficial estimates suggest that up to 80,000 foreign individuals – and their families – would take up

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Ruble Rupee

Russia and India Looking At Benchmark Ruble-Rupee Rate To Increase Bilateral Trade

Economy, Finance, India, Trade

India and Russia are exploring the idea of a benchmark Ruble-Rupee exchange rate to start direct trade using the two currencies, according to Indian media. Top regulators and bankers from both nations are seeking to overcome dollar trade barriers created by Western sanctions against Moscow, and to facilitate more Russian purchases of Indian goods. India

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Securities

Non-Russian Entities Buy Up Russia’s Frozen Foreign Securities   

Economy, Finance, Trade

Russia’s Investment Chamber (RIC) brokerage, which has been mandated to organize the exchange of frozen assets between Russian and non-resident investors, has announced the completion of settlements for the purchase of foreign securities. RIC commented that “Despite external sanctions pressure while bids were being accepted, RIC managed to sell to non-residents about a quarter of

Non-Russian Entities Buy Up Russia’s Frozen Foreign Securities    Read More »

China, Saudi Arabia and Germany Are Top Users Of Russia’s E-Visa System

China, Economy, Logistics & Transport, Trade

Russia’s Unified Electronic Visa system for entry into Russia has been in operation now for exactly one year, with 540,900 foreign nationals using it to enter Russia.  The Russian Foreign Ministry has released data for the period August 2023 to July 2024. Bear in mind these figures are for E-Visas only and do not include

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Crypto Laws

Russia’s New Digital, Crypto, Cross Border Finance and Foreign Banking Laws: An Explainer

Economy, Finance, Trade

Russia just became the world’s largest crypto economy As we had predicted, Russia has adopted a law in the second and third readings that allows cross-border settlements and exchange trading in digital currency within the framework of experimental legal regimes (ELR) from September 1.  Russian lawmakers also legalized cryptocurrency mining in Russia. The Central Bank

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Bali

Aeroflot Expected To Provide Direct Flights To Bali From September  

Economy, Eurasian Economic Union, Logistics & Transport, Trade

Aeroflot has requested permission to arrange direct flights to and from the island of Bali, starting from September 2024, the airline has stated. The airline is now awaiting the Indonesian aviation authorities’ decision, however this is expected to be granted. Indonesian President-elect Prabowo Subianto said at a meeting with Russian President Vladimir Putin on Wednesday

Aeroflot Expected To Provide Direct Flights To Bali From September   Read More »

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