Economy

EDB

Eurasian Development Bank To Provide Islamic Financing From 2025

Asia, Economy, Finance, Investment, Trade

The Eurasian Development Bank (EDB) aims to introduce Islamic financing instruments by mid-2025, according to Ruslan Dalenov, the Deputy Chairman of the Management Board. The EDB is exploring new avenues to expand its product portfolio, with Islamic financing emerging as a key focus, Dalenov said. The bank believes that implementing these tools could attract up […]

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Putin Speech

Putin’s Annual “Russia Calling” Speech: The Russian Economy In 2024 – Analysis

Economy, Finance, Infrastructure, Investment, Trade

A decade-long Russian economic bull run is now underway The Russian President, Vladimir Putin, has taken part in the annual “Russia Calling!” event, which includes an annual address by the President as well as a public Q&A session. Here we analyse what Putin had to say, in a speech that almost exclusively focused on the

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EAEU Flags1

Eurasian Economic Union – Mongolia Free Trade Agreement Expected In December

Asia, China, Economy, Eurasian Economic Union, Trade

The Eurasian Economic Union (EAEU) is expected to sign an interim free trade agreement with Mongolia before the end of this year, according to Alexei Overchuk, the Russian Deputy Prime Minister. He stated yesterday (November 26) that “We’re approaching the signing of an interim free trade zone agreement with Mongolia, we’re expecting it.” Numerous infrastructure

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COP29

BRICS Carbon Agreement Expected From COP29 Commitments  

BRICS, Economy, Investment, Trade

The BRICS countries have drafted a special memorandum for partnership on carbon markets and it is expected to be signed before the end of 2024, according to Nikita Kondratyev, the director of multilateral economic cooperation and special projects at Russia’s Economic Development Ministry. He was speaking during a session at the UN COP29 climate conference,

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G20 Countries Interested In Joining BRICS New Development Bank

BRICS, Economy, Finance, Trade

Brazil, which is hosting the upcoming G20 annual meetings in Rio de Janeiro from 18–19 November, has made the BRICS New Development Bank (NDB) a G20 partner for 2024. Several G20 countries could subsequently join the bank, according to Russian Foreign Ministry Ambassador Marat Berdyev. The G20 includes Argentina, Australia, Brazil, Canada, China, France, Germany,

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Russia To Simplify Foreign Tourism Visa Access To The Russian Far East  

Asia, China, Economy, Infrastructure, Logistics & Transport, Trade

The Russian government and relevant authorities should simplify the possibility for foreign tourists to enter regions of the Russian Far East, President Vladimir Putin has said, in assignments given at the conclusion of meetings with Russian officials during the recent Eastern Economic Forum in Vladivostok. The Russian State Cabinet, together with the Foreign Ministry, the

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Russia, Iran Connect National Financial Settlement Networks

BRICS, Economy, Finance, Infrastructure, Trade

Russia and Iran have completed the pairing of their national payment systems, which will allow travelers from the two countries to use their domestic debit cards for purchases in either Iran or Russia. Both countries are currently suspended from the SWIFT international payments system, with the non-SWIFT pairing of Russia and Iran significant as it

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GDP

Russia’s Central Bank Forecasts Russia’s 2024 GDP Growth To Be 4%, Details Anticipated 2025, 2026, 2027 Growth Rates

Economy, Finance

The Central Bank of Russia’s (CBR) forecast for Russian GDP growth during 2024 is 3.5% – 4%, however, the final estimate for economic growth this year could exceed 4%, according to Kirill Tremasov, an advisor to the CBR governor. Tremasov, speaking at the Russian Economic Forum in Chelyabinsk, stated that “In 2023, Russia’s GDP growth

Russia’s Central Bank Forecasts Russia’s 2024 GDP Growth To Be 4%, Details Anticipated 2025, 2026, 2027 Growth Rates Read More »

What A Trump Presidency Will Mean For Russia – Part Three – The United States & BRICS

BRICS, Economy, Trade

Part Three – The United States and BRICS With Donald Trump about to become the 47th President of the United States, we look at the various issues his presidency is likely to impact Russia, including Ukraine, sanctions, security, tariffs, trade, and BRICS. In Part Three, we look at the implications for the United States’ likely

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