Russian Deputy Prime Minister Marat Khusnullin has stated that Russia’s trade turnover with the member countries of the Organization of Islamic Cooperation (OIC) in 2023 increased by 30% in 2023. He was speaking at the 2024 KazanForum “Russia & the Islamic World.” “Thanks to this event, we have become even closer with our colleagues – […]
The Russian President, Vladimir Putin, visited Beijing and Harbin, China last week to meet Chinese President Xi Jinping and discuss multiple issues concerning trade and mutual development. In Harbin, Putin attended the China-Russia Expo. In this article, we summarise the meetings, and discuss the numerous announced deals and developments. Overall Impact The overall impact
Putin-Xi, May 2024 Russia-China Summit – Announced Deals Read More »
While China has been making all the technology running with its Electric Vehicles (EV) industry, the United States and European auto manufacturers have been left behind – mainly due to the US oil industry which has been slow to popularise non-oil fuel products. That tech gap has led the United States to place a 100%
Russians made 5.3 million trips abroad in Q1 2024, which is an 8.8% increase from Q1 2023, according to the statistics of the Russian Federal Security Service’s Border Guard Service. Russians made 5,329,249 trips abroad for all purposes in the first quarter. Russian tourist tastes have changed as well, with European countries making it difficult
The Russian Association of Tour Operators (ATOR) has said that foreign tourist arrivals in Russia tripled year-on-year in the first quarter of 2024, and half of those tourists came from China, citing statistics from the Border Service of the Federal Security Service (FSB). ATOR stated that “Almost 218,800 foreign citizens who declared tourism as the
Foreign Tourist Arrivals In Russia Tripled In Q1 2024 Read More »
The Russian Chamber of Commerce & Industry has suggested changes to Russia’s import substitution sector lest it start to rely too much on Chinese manufacturing. To reduce import dependence in Russia’s manufacturing and mechanical engineering sectors, it is essential to accelerate the development of component manufacturers – a third layer of Russian industrialisation. At present,
Russia Needs To Reduce Import Dependence On China: Chamber of Commerce & Industry Read More »
Andrey Belousov, Russia’s First Deputy Prime Minister, has said that Russia has worked out a plan to transform the country’s economy by 2030. His remarks followed President Putin’s decree, also issued this week, which sets out the goals for future Russian growth until the end of the decade. Speaking at a panel session on Wednesday
Russia Plans For National Economic Transition & Growth Resurgence Read More »
The European Union has approved the use of Russian financial assets, currently frozen in the Belgian Euroclear account, to be sent to the “European Peace Fund” (EPF) – a body established in the EU to send funds for munitions to Ukraine. In this article we examine the agreement and the implications. Deal Structure The Russian
Using The Interest On Russian Assets For Ukraine: The Details and Implications Read More »
The Russian President Vladimir Putin made a comprehensive speech during his inauguration ceremony in the Kremlin, focusing on Russia’s future and its national strategic development plans. We summarise these and provide a link to the complete text below. Russian Priorities Amid the rapid changes in the world, Russia “must be self-sufficient and competitive,” open new
The Russian Ministry of Finance, together with the Central Bank and BRICS partners, will prepare a number of initiatives to create an independent international monetary and financial system. The result of this work may be, among other things, the creation of a digital settlement and payment platform “BRICS Bridge”. This was decided following a meeting
Russia To Invite BRICS Countries To Form An Independent Financial System Read More »
Русский