Economy

EAEU

Eurasian Economic Union 2024 GDP Growth Expected To Be 4.2%

Economy, Eurasian Economic Union, Trade

The Eurasian Economic Commission, the secretariat of the Eurasian Economic Union (EAEU), expects the 2024 EAEU GDP growth to be 4.1%, according to the EEC’s press service. The statement read “A positive trend in the growth of gross domestic product continued to be observed in all countries of the Eurasian Economic Union in 9M 2024. […]

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Putin

President Putin’s Annual Q&A: The Economy and BRICS: Analysis

BRICS, Economy, Russian Market

The Russian President, Vladimir Putin gave his annual public Q&A address yesterday, with him fielding questions from across Russia, including the general public and journalists. 2.2 million questions were received, ranging from the situation in Ukraine, which tended to dominate, to personal issues such as ‘What do you dream about?’ And what artworks he has

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Russia’s Promsvyazbank Developing US Dollar ATM Network In Nicaragua

Economy, Finance, Infrastructure, Latin America

Russia’s Promsvyazbank (PSB) has begun developing a Russian payment infrastructure in Nicaragua and will develop an ATM network in the country, the bank has stated. PSB has installed its first ATM in the Nicaraguan capital, Managua, at a branch of Credicoop R.L. bank. It provides customers with access to cash operations in the national currency,

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Euroclear

Russia’s Likely Legal Response To The EU Sending Interest On Russia’s Frozen Capital To Ukraine

Economy, Finance, Security

Last week, the United States and European Union allowed the sending of interest earned from Russia’s frozen capital in the EU to Ukraine. This was intended to help Ukraine pay off a loan of US$20 billion it has secured from the West, and is an issue we discussed in some detail here.   Both US

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Interest Earned By Russian Frozen Financial Assets Now Given To Ukraine – Analysis & Global Implications

BRICS, Economy, Finance, Regulatory, Russian Market, Security

The United States and European Union have green-lit a decision to pass interest earned by Russian securities frozen in the US and EU to Ukraine, to use in order to repay a US$20 billion loan. We examine the implications and the potential global fallout over this unprecedented financial development.   The Total Amount Due The US

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EAEU

Eurasian Development Bank: The Eurasian Economic Union Had Record GDP Growth In 2024

Economy, Eurasian Economic Union, Trade

Russia, and its neighbouring states within the Eurasian Economic Union (EAEU) have undergone an economic boom during 2024, according to a report by the Eurasian Development Bank (EDB).  The EAEU includes Russia as well as Armenia, Belarus, Kazakhstan, & Kyrgyzstan. It fills a geographic space between Eastern Europe and Western China.  Their collective GDP growth

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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,

BRICS Carbon Agreement Expected From COP29 Commitments   Read More »

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