Economy

Is European Myopia Towards Russia Damaging Its Ability To Recover Its Economies?

BRICS, Economy, Security, Trade

Or: Is This Article Russian Propaganda or an Intellectual Debate? You Decide.  The extraordinary lengths to which Europe has gone to support Ukraine – and in turn, seek to turn public support for the countries leadership and therefore pursue a highly aggressive anti-Russian stance are unprecedented over the past century. Never to such an extent […]

Is European Myopia Towards Russia Damaging Its Ability To Recover Its Economies? Read More »

BRICS Digital

Putin Says BRICS Payment System In Progress, Nasdaq Says Would Disrupt US Dollar and Euro

BRICS, Economy, Finance, Trade

The Russian President Vladimir Putin has been speaking at the Russian Energy Week forum in Moscow, and stated as part of his speech that the BRICS member nations are jointly developing a payment and settlement framework to be used for trading within the group. Putin stressed that supplies of Russian oil and gas to ‘friendly’

Putin Says BRICS Payment System In Progress, Nasdaq Says Would Disrupt US Dollar and Euro Read More »

Has Putin’s “War In Ukraine” Really Failed – As Biden Suggested To The UN?

Economy, Trade

The out-going US President, Joe Biden, gave a speech to the United Nations General Assembly yesterday (September 24) in which he stated that “The good news is Putin’s war has failed at his core aim” and then went on to list achievements, mainly as regards the expansion of NATO and the fact that Ukraine remains a

Has Putin’s “War In Ukraine” Really Failed – As Biden Suggested To The UN? Read More »

UAE Investor Buys Raiffeisen Bank Belarus Subsidiary In Significantly Discounted Acquisition

Economy, Finance, Foreign Investment

In signs that more wealth and capital is moving away from Europe to Asia as a result of Western sanctions, Soven 1 Holding Limited, an investor from the UAE, has signed an agreement to purchase the Austrian Raiffeisen Bank International’s 87.74% stake in the Belarus-based subsidiary Priorbank, and its subsidiaries. Raiffeisen’s core business has been

UAE Investor Buys Raiffeisen Bank Belarus Subsidiary In Significantly Discounted Acquisition Read More »

Ruble Trade Volumes Up As US Dollar And Euro Decline In Russian Exports Trade 

Economy, Finance, Trade

Russia is increasing the volume of payments in its national currency, with the Ruble’s share in its export trade with Europe rising to a historical high of 67% of the total, according to the Russian Central Bank. This indicates that the global structure of renumerations is changing against the backdrop of Western financial sanctions, and

Ruble Trade Volumes Up As US Dollar And Euro Decline In Russian Exports Trade  Read More »

Russian Bitcoin

Russia Preparing For Crypto Transactions By 2025 In Foreign Trade  

Economy, Finance, Trade

Russia’s financial authorities are moving towards the use of crypto-currency for international trade, with a focus group established to pilot and test international trade settlements using digital currencies. The group reportedly consists of members of the Russian Chamber of Commerce, and the Association of Electronics Developers and Manufacturers, as well as several lenders. The selected

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Russia Keyboard

Russia’s Proposed Ban On Strategic Exports Could Significantly Change Global Supply Chains

Economy, Energy, Trade

In a tit-for-tat move, President Putin has asked the Russian government to look into imposing restrictions on Russian exports of so-called ‘strategic’ materials such as nickel, titanium and uranium in response to sanctions imposed by the West. If carried out, the move has the potential to reshape critical industry supply chains as Russia’s allies, such

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International Monetary Fund Returns To Russia, Will Provide Economic Health Report 

Economy, Finance

Update – September 18 Alexsei Mozhin, the IMF’s executive director for Russia, has stated that the IMF’s leadership has now scrapped plans to begin a review of the Russian economy this week, because the mission was “technically not ready”. The IMF is understood to have come under pressure from European member states not to visit

International Monetary Fund Returns To Russia, Will Provide Economic Health Report  Read More »

Russian Banks Instructed To Permit Client Use of Digital Rubles From July 1, 2025

Economy, Finance, Infrastructure, Trade

The Digital Ruble will be in use across Russia in less than a years’ time, as the Central Bank has issued instructions to Russia’s systemically important lending institutions to allow clients the option to conduct transactions in Digital Rubles by July 1, 2025. The regulator has sent the corresponding proposals on amending the legislation to

Russian Banks Instructed To Permit Client Use of Digital Rubles From July 1, 2025 Read More »

Russia Begins Paying China Traders In Hong Kong Using Couriered Gold

China, Economy, Finance, Trade

Some Russian businesses have begun using gold to pay Chinese suppliers to get around US sanctions and threats of sanctions against Chinese banks affecting Russia-China bank transfers. The alternative solution means that gold is purchased in Russia, transported by private courier to Hong Kong, where it is sold, and the cash is deposited into the

Russia Begins Paying China Traders In Hong Kong Using Couriered Gold Read More »

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