Economy

NPCS

Russia Considering Second National Payments System

Economy, Finance, Infrastructure, Russia, Trade

Russia’s Alfa-Bank is discussing the idea of creating a second payment system in Russia with market participants, with the Central Bank of Russia ready to support an alternative if the banks agree. Alfa-Bank Chief Managing Director Vladimir Verkhoshinsky has stated “The idea is out there, and you’ve shown some preliminary support for it: creating a […]

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AI

Russia Using AI to Develop Its Strategic Planning

Economy, Infrastructure, Logistics & Transport, Russia, Security

The Russian Security Council is using a digital strategic planning system, based on its artificial intelligence “AI-Gosplan 2.0,” as part of the implementation of the fundamentals of state policy in strategic planning. AI-Gosplan 2.0 helps plan the distribution of production capacities between industries, identify and eliminate factors that reduce the efficiency of technological chains, and

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Credit Rating

Russia, China & India Credit Rating Trends Vs. United States, European Union & United Kingdom

China, Economy, Finance, India, Russia

The global use of credit rating agencies has come under criticism in the past, often with allegations of political bias. The United States, for example, was always held up as a shining beacon of creditworthiness and a guaranteed AAA rating, as were the economies of the European Union and the United Kingdom. As recently as

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Putin Q&A

Putin’s Valdai Club Q&A: “Introducing The Polycentric World” –  Geopolitical Comments and Analysis

China, Economy, Finance, India, Regulatory, Russia, Security, Trade

The Russian President, Vladimir Putin, has conducted his annual Q&A session at the Valdai Club, which was themed this year as “The Polycentric World: Instructions for Use.” In it, Putin touches on numerous academic issues to explain the changes global society is going through, why this is happening and the potential for reform and global

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Putin Speech

President Putin’s Valdai Speech: Details & Analysis

Economy, Infrastructure, Regulatory, Russia, Security, Trade

The Russian President, Vladimir Putin delivered an insightful speech at the Valdai International Discussion Club on October 2nd with numerous points made about Western and Russian joint development interests, while expressing the hope for reconciliation and cooperation. He touches on European contributions to global society, while pointing out the areas where contemporary attitudes are interfering

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Afghanistan

Afghanistan Regional Quadripartite Meet To Discuss Regional Security 

Central Asia, China, Commonwealth of Independent States, Economy, Security

The “Regional Quadripartite” – Russia, China, Iran, and Pakistan – has held its fourth meeting to address Afghanistan security and related affairs. The meeting was attended by Russian Foreign Minister Sergey Lavrov, Iranian Foreign Minister Seyed Abbas Araghchi, Yue Xiaoyong, the Chinese envoy on Afghanistan, and Umer Siddique, a senior Pakistani diplomat. The participants reviewed

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A7

New Financial Architecture Is Helping Russian Banks Expand Services Overseas Despite EU’s 19th Sanctions Package

Economy, Finance, Infrastructure, Russia, Trade

Russia’s largest banks are expanding their services to facilitate direct payments abroad in foreign currencies, with new technologies helping to bypass Western sanctions. This means that Russian businesses will once again be able to freely send dollars, euros, or yuan to any country. Sovcombank has already launched this mechanism, while Sberbank and other Russian banks

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EU West East

Western European vs Eastern European Economies: GDP/Debt Ratio Differences

Economy, Finance, Regulatory

Has Eastern Europe Inherited Its Fiscal Prudence From the Soviet Era? News that the French economy has reached a debt-to-GDP ratio of 113% and that this is expected to climb further to 125% by 2030 has alarmed economists, who are stating that these levels are unsustainable and could create serious future damage. GDP/debt ratio figures

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Russia_VTB

Russia’s VTB Bank Issue Twice Over-Subscribed, Rises 5% On First Days Trading

Economy, Finance, Investment, Russian Market, Trade

Russia’s VTB bank conducted a share issue on the Moscow Stock Exchange (MOEX: VTBR) on September 18, in the largest issuance in Russia for the past three years. It was also the largest share placement of a financial institution in Europe over the past 12 months. The issue generated considerable interest among stock market participants,

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