Russia’s gold reserves have reached a record high, with values of US$310 billion, the Bank of Russia has stated. Gold is traditionally viewed as a hedge against inflation and currency fluctuations and broke the fundamental line of US$4,000 an ounce in October. In 2023, gold traded below US$2,000 an ounce. Russia’s gold reserves total an […]
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The Russian President Vladimir Putin’s historic state visit to India (December 4-5), culminating in the 23rd India-Russia Annual Summit and the Russia-India Business Forum, marked a watershed in the two countries’ economic and strategic relations. A total of 29 intergovernmental, institutional, and sector-specific pacts and cooperation documents were signed, ranging from energy, trade, connectivity, and
Ahead of Russian President Vladimir Putin’s upcoming visit to India on Thursday (December 4), India and Russia have begun to cement their comprehensive economic partnership, with this set to transform Eurasian trade dynamics in significant ways. When Putin attends the 23rd India–Russia Annual Summit on Friday, the stakes will be unusually high. This is not
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The 16th “Russia Calling!” Investment Forum has been taking place in Moscow, with the event participants including the Russian President and other high-ranking Russian officials, foreign delegates, along with domestic and international business leaders. The event is often considered a benchmark analysis of the current state of the Russia economy and has the intellectual capability
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The Russian President, Vladimir Putin, has described the Russian economy as resilient in the face of Western sanctions and said that Russia is maintaining economic growth while keeping unemployment at record lows and reining in inflation. He was speaking at the “Russia Calling!” Investment Forum on Tuesday (December 2). Putin said the economy is expected
President Vladimir Putin has signed a decree allowing visa-free entry to Russia for Chinese citizens, granting them stays of up to 30 days. Chinese citizens can now travel visa-free to Russia for private visits, business, tourism, or to take part in scientific, cultural, political, economic, or sporting events. The measure took effect as of December
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With Russian President Vladimir Putin’s state visit to India now scheduled for December 4th and 5th, the prospect of Russia and India linking their national payment systems to bypass the SWIFT network will be high on the agenda, according to Deputy Foreign Minister Andrey Rudenko. The subject follows discussions already held on the matter between
The head of Russia’s Federal Tax Service (FTS), Daniil Yegorov, has stated that Russia has restructured its Double Tax Treaty (DTA) arrangements with other countries, with these now being aligned with countries that provide favorable investment environments for Russian investors. DTAs are bilateral agreements aimed at preventing situations where the same income of a legal
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Russia is the current chair of the Shanghai Cooperation Organisation and has been hosting the Council of Heads of Government in Moscow. The Russian Prime Minister, Mikhail Mishustin, chaired the event, while the Russian President, Vladimir Putin, also addressed the attendees. These included China, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India, Pakistan, Iran, and Belarus. This is
Moscow has been hosting the Shanghai Cooperation Organisation (SCO) Heads of Government Summit, with the Russian President, Vladimir Putin, noting that Russia’s trade with SCO members has reached US$409 billion. He stated, “Russia’s trade turnover with SCO countries reached $409 billion in 2024 and continues to grow. Of course, the lion’s share of this is
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