Economy

Russian Residence Visas Available To Foreign Nationals With Shared Russian Values

Economy, Foreign Investment, Infrastructure, Miscellaneous

Foreign nationals who share Russia’s traditional values, and disagree with the ‘neoliberal’ principles imposed by their own governments can now apply for Russian residency permits, according to a decree signed on Monday (August 19) by President Vladimir Putin. Unofficial estimates suggest that up to 80,000 foreign individuals – and their families – would take up […]

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Ruble Rupee

Russia and India Looking At Benchmark Ruble-Rupee Rate To Increase Bilateral Trade

Economy, Finance, India, Trade

India and Russia are exploring the idea of a benchmark Ruble-Rupee exchange rate to start direct trade using the two currencies, according to Indian media. Top regulators and bankers from both nations are seeking to overcome dollar trade barriers created by Western sanctions against Moscow, and to facilitate more Russian purchases of Indian goods. India

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Securities

Non-Russian Entities Buy Up Russia’s Frozen Foreign Securities   

Economy, Finance, Trade

Russia’s Investment Chamber (RIC) brokerage, which has been mandated to organize the exchange of frozen assets between Russian and non-resident investors, has announced the completion of settlements for the purchase of foreign securities. RIC commented that “Despite external sanctions pressure while bids were being accepted, RIC managed to sell to non-residents about a quarter of

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China, Saudi Arabia and Germany Are Top Users Of Russia’s E-Visa System

China, Economy, Logistics & Transport, Trade

Russia’s Unified Electronic Visa system for entry into Russia has been in operation now for exactly one year, with 540,900 foreign nationals using it to enter Russia.  The Russian Foreign Ministry has released data for the period August 2023 to July 2024. Bear in mind these figures are for E-Visas only and do not include

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Crypto Laws

Russia’s New Digital, Crypto, Cross Border Finance and Foreign Banking Laws: An Explainer

Economy, Finance, Trade

Russia just became the world’s largest crypto economy As we had predicted, Russia has adopted a law in the second and third readings that allows cross-border settlements and exchange trading in digital currency within the framework of experimental legal regimes (ELR) from September 1.  Russian lawmakers also legalized cryptocurrency mining in Russia. The Central Bank

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Bali

Aeroflot Expected To Provide Direct Flights To Bali From September  

Economy, Eurasian Economic Union, Logistics & Transport, Trade

Aeroflot has requested permission to arrange direct flights to and from the island of Bali, starting from September 2024, the airline has stated. The airline is now awaiting the Indonesian aviation authorities’ decision, however this is expected to be granted. Indonesian President-elect Prabowo Subianto said at a meeting with Russian President Vladimir Putin on Wednesday

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The 2024 Russia-China Energy Business Forum – Highlights

China, Economy, Investment, Trade

The sixth Russia-China Energy Business Forum (RCEBF) has been taking place in Moscow, with over 500 politicians, heads of major companies in the energy and related industries, scientists, experts and analysts attending. Russia and China discussed issues of cooperation related to energy and the supply of hydrocarbons. The RCEBF has been held annually since 2018

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Russia Awaits September 1st Approval of Law on International Settlements Using Cryptocurrencies

Economy, Finance, Infrastructure, Trade

Mass Digital Ruble Usage Expected By July 2025  In an effort to intensify, speed up, and broaden the available tools used for settling international transactions, the Russian State Duma has passed, in its first reading, a bill that opens the way for the Bank of Russia to launch an experimental platform for the use of

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Russia Rises To Eighth Place In Global Manufacturing Output

Economy, Finance, Trade

Russia has risen to the eighth place in global manufacturing output, according to a report issued by “Make UK”,  a British institution that represents UK manufacturers and competitive markets. The report  includes a wide variety of data about the contribution of manufacturing to different economies including exports, sectoral breakdown, R&D investment, salary levels and provides

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Putin Wants Russia’s Largest Companies To Relocate To The East 

Economy, Infrastructure, Investment

Russian President Vladimir Putin has ordered plans to be developed for major state-run companies to relocate their headquarters from Moscow to other parts of the country. The move is aimed at boosting regional budgets, help alleviate labor shortages, and reflect the growing importance of Russian development towards Asia.  De-centralization would also boost the economies of

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