Economy Archives - RUSSIA'S PIVOT TO ASIA

EU loses Another Listed Company To Russian Domiciliation

The European Union has lost another listed company to Russian domiciliation as video analytics solutions developer NtechLab has completed redomiciliation from Cyprus to the Kaliningrad Region Special Administrative District. The entity will be known as IPJSC NTK. N-Tech.Lab LTD owns NtechLab’s main operational legal entity in Russia – NTech Lab LLC, which is a world […]

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Russian De-Dollarisation Has Increased To 79.8%; Trade With The West Declines To 15% Of The 2024 Total

Economy, Finance, Russian Market, Trade

The policy of de-dollarizing the Russian economy has been boosted over the past three years, mainly as an obvious reaction to US dollar sanctions being placed upon the country. Russian Deputy Prime Minister Alexei Overchuk said at the Federation Council that Russia has effectively completed a transition to settlements in national currencies: by the end

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United States, Russia, & China To Lead New World Order

China, Economy, Infrastructure, Russian Market, Security

Argentina’s President Javier Milei has stated that Russia, the United States and China will establish distinct zones of influence under the emerging new world order. Speaking during a local radio interview, he said that “The world order is being redefined. The United States will now lead the Americas, Russia will lead Eurasia, and China will

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Russian Ruble Up 38% Against The US Dollar From January-April 2025

Economy, Finance, Russian Market, Trade

The Russian Ruble has strengthened against the US dollar by 38% in over-the-counter trading since the beginning of the year, becoming the world’s most profitable currency due to the US dollar weakening amid new American duties, according to Bloomberg, who cited economists. Among them was Sofya Donets, an economist at T-Investments, who stated “Unlike many

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Will Trumps’ New 104% China Import Tariffs Increase China’s BRICS Trade?

BRICS, Economy, Exports, Security, Trade

The US President Donald Trump has raised import tariffs on Chinese goods by an astonishing 104% from today, April 9th. The move comes after China rose its tariffs on US goods by an additional 34% two days ago in response to the original tariffs Trump had placed on Chinese imports by the same amount last

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Russia’s MIR ATM Cards International Use: Update

Economy, Exports, Finance, Infrastructure, Russian Market, Trade

The Bank of Russia Chairwoman, Elvira Nabiullina has stated that Russia’s MIR card is being accepted in more countries, despite Western sanctions. She was speaking to the State Duma, the lower house of the Russian parliament. The main countries that are accepting MIR transactions are in friendly countries where Russian tourists tend to visit. Some

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Why Russia Won’t Invade Europe: There’s Too Much Debt, Too Little Trade, And Limited Assets

Economy, Russian Market, Security, Trade

Western media has been full of numerous European Heads of State asking for increased military budgets to spend in order to repel a Russian invasion. These have mainly appeared to be based on the situation in Ukraine, which has largely been sold to the Western public as an unwarranted invasion to order to gain unspecified

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Russia’s 2024 Current Account Surplus Up 26% On Previous Year

China, Economy, Exports, Imports, Russian Market, Trade

The Bank of Russia has released 2024 statistics showing that the current account surplus of the balance of payments of Russia for the year amounted to US$62.3 billion. That is US$12.8 billion, or 26.0% more than in 2023 (US$49.4 billion). The Central Bank had previously estimated the current account surplus for last year at US$53.8

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President Putin’s Speech About Russian Arctic Development: Content and Analysis

Economy, Energy, Infrastructure, Investment, Logistics & Transport, Russia's Belt & Road, Russian Market, Trade

The Russian President, Vladimir Putin gave the Plenary Speech at the 6th International Arctic Forum, which was held in Murmansk on 26/27 March. The event was subtitled “The Arctic: Territory of Dialogue.” Putin’s speech concentrated on very specific Russian Arctic development issues, including investment, infrastructure needs, incentives and the opportunities. Clearly, Moscow is putting huge

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Russia’s 2024 Median Salary Growth Was The Highest Since 2018

Economy, Finance, Russian Market

The Russian salary growth rate in 2024 was the highest in the past six years amid increased competition for potential workers. Overall, the median salary offered in Russia increased by 18%, from ₽65,400 in January 2024 to ₽77,200 in January 2025, according to Maria Ignatova of the Human Resources analytical agency HH Help. That equates

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RUSSIA'S PIVOT TO ASIA

«Поворот России в Азию»

Economy