Economy

Rubles-Arrow

Russian Ruble Up 38% Against The US Dollar From January-April 2025

Economy, Finance, Russian Market, Trade

The Russian Ruble has strengthened against the US dollar by 38% in over-the-counter trading since the beginning of the year, becoming the world’s most profitable currency due to the US dollar weakening amid new American duties, according to Bloomberg, who cited economists. Among them was Sofya Donets, an economist at T-Investments, who stated “Unlike many […]

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Tariff

Will Trumps’ New 104% China Import Tariffs Increase China’s BRICS Trade?

BRICS, Economy, Exports, Security, Trade

The US President Donald Trump has raised import tariffs on Chinese goods by an astonishing 104% from today, April 9th. The move comes after China rose its tariffs on US goods by an additional 34% two days ago in response to the original tariffs Trump had placed on Chinese imports by the same amount last

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MIR Card

Russia’s MIR ATM Cards International Use: Update

Economy, Exports, Finance, Infrastructure, Russian Market, Trade

The Bank of Russia Chairwoman, Elvira Nabiullina has stated that Russia’s MIR card is being accepted in more countries, despite Western sanctions. She was speaking to the State Duma, the lower house of the Russian parliament. The main countries that are accepting MIR transactions are in friendly countries where Russian tourists tend to visit. Some

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Invasion

Why Russia Won’t Invade Europe: There’s Too Much Debt, Too Little Trade, And Limited Assets  

Economy, Russian Market, Security, Trade

Western media has been full of numerous European Heads of State asking for increased military budgets to spend in order to repel a Russian invasion. These have mainly appeared to be based on the situation in Ukraine, which has largely been sold to the Western public as an unwarranted invasion to order to gain unspecified

Why Russia Won’t Invade Europe: There’s Too Much Debt, Too Little Trade, And Limited Assets   Read More »

Trade Surplus

Russia’s 2024 Current Account Surplus Up 26% On Previous Year

China, Economy, Exports, Imports, Russian Market, Trade

The Bank of Russia has released 2024 statistics showing that the current account surplus of the balance of payments of Russia for the year amounted to US$62.3 billion. That is US$12.8 billion, or 26.0% more than in 2023 (US$49.4 billion). The Central Bank had previously estimated the current account surplus for last year at US$53.8

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Putin Arctic

President Putin’s Speech About Russian Arctic Development: Content and Analysis 

Economy, Energy, Infrastructure, Investment, Logistics & Transport, Russia's Belt & Road, Russian Market, Trade

The Russian President, Vladimir Putin gave the Plenary Speech at the 6th International Arctic Forum, which was held in Murmansk on 26/27 March. The event was subtitled “The Arctic: Territory of Dialogue.” Putin’s speech concentrated on very specific Russian Arctic development issues, including investment, infrastructure needs, incentives and the opportunities. Clearly, Moscow is putting huge

President Putin’s Speech About Russian Arctic Development: Content and Analysis  Read More »

Salary

Russia’s 2024 Median Salary Growth Was The Highest Since 2018

Economy, Finance, Russian Market

The Russian salary growth rate in 2024 was the highest in the past six years amid increased competition for potential workers. Overall, the median salary offered in Russia increased by 18%, from ₽65,400 in January 2024 to ₽77,200 in January 2025, according to Maria Ignatova of the Human Resources analytical agency HH Help. That equates

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India

Russia, India, Looking To Boost Bilateral Trade Beyond US$100 Billion  

Economy, Exports, Imports, India, Trade

Russia and India have been exploring ways develop their bilateral trade partnership, with officials and experts participating at the “Russia and India: Towards a New Bilateral Agenda”, organized by the Russian International Affairs Council (RIAC) in Moscow. The event, which took place last Thursday (March 27) with support from the Indian embassy, highlighted that while

Russia, India, Looking To Boost Bilateral Trade Beyond US$100 Billion   Read More »

Okey

Another EU Listed Retailer Redomiciles To Russia  

Economy, Finance, Russian Market, Trade

Shareholders in Luxembourg’s O’Key Group have voted in favor of the company’s re-domiciliation from Luxembourg to Russia, the retailer has stated. The global depositary receipts of the Luxembourg holding company will be recognized as shares of the IPJSC at a 1:1 ratio following re-domiciliation, with the company to be registered in Kaliningrad’s’ Oktyabrsky Island Special

Another EU Listed Retailer Redomiciles To Russia   Read More »

BRICS

BRICS March 2025 PMI 2.8 Points Higher Than The Eurozone As Access To Russian Energy Proves Key        

BRICS, Economy, Trade

The collective BRICS economies are displaying a positive Purchasing Manufacturers Index (PMI) growth rate of 51.5 points for March 2025 against a comparative negative collective PMI for the Eurozone, at 48.7 points. The PMI is an economic gauge used to measure industrial manufacturing output, and is based upon purchasing managers orders on a global basis.

BRICS March 2025 PMI 2.8 Points Higher Than The Eurozone As Access To Russian Energy Proves Key         Read More »

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