Economy

Education

Russia Adds New Global South Universities To Educational Diploma Acceptance List 

Economy, Foreign Investment, Imports, Russian Market

Russia’s Ministry of Education and Science has expanded the list of universities whose diplomas are recognized by the Russian authorities, and added Cairo University (Egypt), The University of Science Malaysia, University of Sharjah (UAE), and Tehran University (Iran) to its approved list. Accepted Universities must appear in at least three international rankings for 2024 out […]

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GPU

Russia, Chinese Software Scientists Develop Breakthrough Algorithm That Bypasses NVIDIA Tech 

BRICS, China, Economy, Infrastructure, Trade

Computer scientists from Russia and China have developed a breakthrough algorithm using information from reverse engineering video card accelerators. The algorithm allows gaming GPUs to be used for scientific computing. The innovation was achieved by specialists from Shenzhen MSU-BIT University, which was co-founded by Lomonosov Moscow State University and the Beijing Institute of Technology, and

Russia, Chinese Software Scientists Develop Breakthrough Algorithm That Bypasses NVIDIA Tech  Read More »

India

Russia Looks To India To Fulfil Its Skilled Labour Shortages 

BRICS, Economy, Imports, India, Regulatory, Russian Market, Trade

Russia and India area set to sign off on an labour migration deal, an agreement will permit a flow of skilled Indian workers to Russia, Indian Ambassador to Russia Vinay Kumar has said. New Delhi and Moscow are actively discussing a memorandum of understanding to establish a Migration and Mobility Partnership Agreement, aiming to facilitate

Russia Looks To India To Fulfil Its Skilled Labour Shortages  Read More »

Russia Up

Russia’s Mutual Fund Investment Market Expands To Record Capital Volumes

Economy, Finance, Infrastructure, Investment, Russian Market

2024 was a banner year for Russia’s collective investment markets, which expanded with a record number of mutual funds and the largest number of new management companies for over a decade. Wealthy investors – including foreign investors – are primarily interested in Russian industry. Since sanctions were imposed in 2022, Russian investors have been limited

Russia’s Mutual Fund Investment Market Expands To Record Capital Volumes Read More »

Digital Assets

Russia’s Digital Financial Assets Grew Fourfold In 2024  

Economy, Finance, Infrastructure, Russian Market, Trade

Russia’s digital financial assets market grew more than 4 times in 2024, according to the Russian ACRA credit rating agency. Although still developing and partially hampered by sanctions, the overall trend is positive, with holdings up to ₽150 billion by the end of last year. According to ACRA’s estimates, digital financial instruments in Russia have

Russia’s Digital Financial Assets Grew Fourfold In 2024   Read More »

BRICS-DeepSeek

Can Russia And BRICS Produce A DeepSeek And Overtake ChatGPT?  

BRICS, China, Economy, Infrastructure, Russian Market

US stocks lost over US$1 trillion overnight (January 27) as China’s High Flyer, a Hedge Fund in Hangzhou, launched its Chinese chatbot, named ‘Deepseek’. The app appears to offer the same facilities as the US developed OpenAI and its ChatGPT tool, and the same performance but with fewer resources. Deepseek has already overtaken ChatGPT as

Can Russia And BRICS Produce A DeepSeek And Overtake ChatGPT?   Read More »

Putin Xi

2025 Russia-China Presidential Visits Confirmed As Putin & Xi Discuss Trade and Development

China, Economy, Infrastructure, Trade

The Russian President Vladimir Putin and Chinese President Xi Jinping spoke by video conference on Tuesday (January 21). Xi was invited to attend the Victory Day celebrations in Moscow on May 9, while Putin was invited to China’s events to commemorate the 80th anniversary of victory over Japan in Beijing on September 3. The talks

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Rubles Rials

Russia’s VTB Bank To Open Full Banking Services In Iran

BRICS, Economy, Eurasian Economic Union, Finance, Middle East, Trade

Russia’s VTB bank plans to open a full-fledged subsidiary bank in Iran by the end of 2025, the bank’s President and Board Chairman Andrei Kostin has stated. VTB opened a representative office in Iran in 2023. Kostin said that “We plan to open a full-service bank by the end of this year. VTB will be

Russia’s VTB Bank To Open Full Banking Services In Iran Read More »

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