Economy

Russia’s Pivot To Asia Interviewed By World Geostrategic Insights

China, Economy, Foreign Investment, Trade

Russia’s Pivot To Asia has been asked for comments by World Geostrategic Insights for what it terms “Russia’s shift to the global south.” In four detailed and highly complex questions – we provide the answers about issues concerning Russia’s identity, the prospects for a “Greater Eurasia”, Russia’s relationship with China, and the impact of sanctions […]

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Corporate Exits From Russia Have Cost Western Investors US$107 Billion

Economy, Finance, Foreign Investment

Western companies that have left the Russian market have suffered billions in write-downs and lost revenue, Reuters reported on Thursday, (March 28) citing calculations based on company filings and statements. The US and its allies have placed unprecedented sanctions on Russia over the past two years in retaliation for Moscow’s military operation against Ukraine. The

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

BRICS, Economy, Trade

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

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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

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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

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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

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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

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