The growth rate of the Russian economy should outpace the dynamics of the global economy, President Vladimir Putin has said at a government meeting on economic issues. He stated, “It is obvious that the stability of public finances and the implementation of planned projects and programs directly depend on the state of affairs in the […]
Russian Growth Rate Should Outperform Global Average: Putin Read More »
The Head of the European Union’s Foreign Policy, Kara Kallas, has called for a complete ban of the EU issuing visas for Russian nationals, with a post on X stating, “Stop issuing tourist visas to Russians. Visiting Europe is a privilege, not a human right.” That position has been contradicted by the European Commissioner for
EU Visa Issuance For Russian Nationals: Statistics By Country Read More »
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 represent the percentage of debt that a country has as compared
Update: September 11The European Union has rejected US President Donald Trump’s request to impose high tariffs on some goods from China and India, arguing that the bloc does not use tariffs as a sanctions tool. As we mention in this article, this decision will also carry implications for the EU as concerns its relations with
The BRICS nations convened an emergency virtual summit yesterday (September 8), hosted by Brazilian President Lula da Silva, to discuss the situation concerning the United States imposition of trade tariffs on multiple countries including BRICS members. The meeting lasted about 90 minutes. All ten full BRICS members were present, represented by Brazilian President Lula Da
The BRICS Virtual Summit: A Dry Run For The UN General Assembly: Text & Analysis Read More »
The trade turnover between Russia and China, which grew by almost 2% last year to US$245 billion, can be expected to grow by another US$30 billion in the coming two years, according to Peter Zaselsky, the Chairman of Russia’s Roseximbank. He was speaking at the Far Eastern Economic Forum in Vladivostok. Russia-China trade turnover has
Russia-China Bilateral Trade Turnover Forecast To Grow Another 30% By 2027 Read More »
Plucky little Laos, in southeast Asia, has just become the latest country to ignore US import tariffs, by stating that it will redirect its US exports to other markets. Laos has been hit with a 40% import duty on its products. What is surprising about this move is that Laos is a relatively small country,
Why Trump Won’t Win The Tariff Wars: The US Economy Is Too Small Read More »
Discussions With Senior Officials From China, Mongolia, Laos, and about the Russian Economy: Full Contents & Analysis The Russian President, Vladimir Putin, has taken part in a series of conversations as part of the Far Eastern Economic Forum in Vladivostok. Other participants included Sonexay Siphandone, the Prime Minister of Laos, Gombojav Zandanshatar, the Prime Minister
Russia’s VTB has secured the principal approval of the Central Bank of Iran to open a branch in the country and will offer customers international settlements in national currencies as part of its servicing foreign commerce, according to Olga Basha, a VTB board member. She was speaking at the Eastern Economic Forum currently taking place
Russia has been given the contract to print the banknotes for Syria’s redesigned and revalued currency, with Damascus to give the severely devalued Syrian pound a makeover and remove two zeroes from the currency in order to ease transactions and restore confidence. The Syrian pound has lost over 99% of its value since 2011, falling
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