Economy Archives - Page 12 of 14 - RUSSIA'S PIVOT TO ASIA

India & Dubai Pick Up Global Diamond Business After EU’s Russia Sanctions

Western sanctions on Russian diamonds are proving good business for Mumbai and Dubai, where European traders and cutters are now relocating too, after Brussels decided to impose sanctions on Russian sourced gems. Russia is the world’s largest supplier of raw diamonds, mostly sourced from Siberia’s Yakutia region. Neither India nor Dubai have followed the sanctions […]

India & Dubai Pick Up Global Diamond Business After EU’s Russia Sanctions Read More »

Ukraine’s Public Debt 2024 And The IMF: What Happens In April

Economy, Finance

The subject of Ukraine’s public debt is shortly to become a pressing issue as the International Monetary Fund (IMF) has scheduled a meeting to discuss it with creditors on April 17. The IMF have already stated that the matter requires ‘deep treatment’. According to Focus Economics, Ukraine’s Public Debt reached 78.5% of GDP in 2022, and is almost certainly

Ukraine’s Public Debt 2024 And The IMF: What Happens In April Read More »

Russia Becomes Brazil’s Second Largest Wheat Supplier As BRICS Grain Exchange Touted

BRICS, Economy, Trade

In a nod to the BRICS grouping’s ability to increase trade and alternative supply chains, Russia exported 900,000 tonnes of wheat to Brazil in 2023, rising from fourth place to second place among Brazil’s leading suppliers, according to Russia’s Agriculture Ministry Agroexport center. Argentina is traditionally Brazil’s largest supplier of wheat, with a market share

Russia Becomes Brazil’s Second Largest Wheat Supplier As BRICS Grain Exchange Touted Read More »

The West’s Russia’s Pivot To Asia Predictions: How Did They Stack Up?

China, Economy, Trade

The phrase “Russia’s Pivot to Asia” has been in use for over a decade – and deployed by many to describe the reactions of Russia towards to economic sanctions imposed by the West. Those began in 2012. So, with over ten years of tracking this phenomenon, how accurate has Western media been in detailing what

The West’s Russia’s Pivot To Asia Predictions: How Did They Stack Up? Read More »

Ten Years Of Crimea’s Integration With Russia: The Economic Development Data

Economy, Logistics & Transport, Trade

On March 18, 2014, the Republic of Crimea and the city of Sevastopol became part of Russia. The Russian newspaper Kommersant has published data on how Crimea has changed since it returned to Russia. GDP Growth From 2014 to 2022, the GDP of Crimea increased 3.5 times — from ₽189.4 billion to ₽655.9 billion (US$9.32

Ten Years Of Crimea’s Integration With Russia: The Economic Development Data Read More »

Russian Airlines Launch New Flights To China, Mongolia, Kazakhstan, Kyrgyzstan, Uzbekistan, Dubai, Philippines and Vietnam

Economy, Logistics & Transport, Trade

The new spring 2024 schedule for Russian airlines flight schedules includes the opening of new foreign destinations and the resumption of previously existing, but mothballed routes. Details are as follows: Russia-China Yakutia Airlines are to begin operating direct regular flights on the Yekaterinburg-Beijing route from April 4, with departures three times a week on Mondays,

Russian Airlines Launch New Flights To China, Mongolia, Kazakhstan, Kyrgyzstan, Uzbekistan, Dubai, Philippines and Vietnam Read More »

All BRICS Nations Are Piloting Digital Currencies But USD Likely To Remain Dominant

BRICS, Economy, Finance

An Atlantic Council study published on Thursday showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring the launch of a central bank digital currency (CBDC). This number has surged from just 35 since May 2020. The development is significant as it seems to predict an almost universal move

All BRICS Nations Are Piloting Digital Currencies But USD Likely To Remain Dominant Read More »

Russian Economy At Investment Grade: Central Bank

Economy, Finance, Trade

The Russian economy is in the investment phase of growth, with investment activity at a record level and imports of investment goods are growing, according to Central Bank of Russia (CBR) Governor Elvira Nabiullina. She made the comments following a meeting of the regulator’s board, at which it held the key interest rate at 16%.

Russian Economy At Investment Grade: Central Bank Read More »

Prospects For BRICS Under Russia’s 2024 Chairmanship

BRICS, Economy, Trade

The influential World Geostrategic Insights (WGI) forum has provided an interview with US-Russia expert Paul Goncharoff concerning Russia taking the Chairmanship for the BRICS group for 2024. The WGI also namechecked our own new Russia’s Pivot To Asia guide, which contains extensive chapters and details of the prospects for BRICS 2024. It can be downloaded

Prospects For BRICS Under Russia’s 2024 Chairmanship Read More »

Russian Tourist Visits To Egypt Hit Record High In 2023

Economy, Eurasian Economic Union, Logistics & Transport, Trade

With the European Union fully suspending the visa-facilitation agreement between the European Union and Russia as part of sanctions in 2022, and European airlines no longer providing direct flights, alternative destinations for Russian nationals replacing European destinations are now in vogue. That trend can be seen in the tourist traffic from Russia to Egypt, which

Russian Tourist Visits To Egypt Hit Record High In 2023 Read More »

RUSSIA'S PIVOT TO ASIA

«Поворот России в Азию»

Economy