Russia’s financial sector is changing as new infrastructure and development projects materialise, overseas funding is provided to friendly nations, and the landscape changes as regards use of currencies into addition to shifts in the way in which capital is used, from QR codes to Crypto all driving new regulatory and Central Bank guidelines. Navigate Russia’s financial landscape. Get analysis on the banking sector, investment mechanisms, currency exchange, and capital markets for businesses operating and investing in Russia.
Russia is to expand its Islamic Finance services sector based on the Bahrain model. Several Russian republics have significant Muslim populations, while the aim is also to attract Sharia-compliant inbound foreign investment into the Russian economy.
The Russian Central Bank has won its law suit against Euroclear in the Moscow Arbitration Court, although it is at present unclear what actions will be taken in Russia and when. Also pending is a €181.5 billion case at the General Court of Justice of the European Union, to which the EU Council must respond with a defence by the end of this month.
We deep dive Russia’s fiscal plans as discussed between President Putin and the Economic Development Minister for 2026 and 2027-2029 – which are partially based on IMF global economic data and forecasts. We uncover some revealing statistics about where the Russian economy is headed in both basic and bad-case scenarios. This article is essential reading for anyone interested in Russia’s immediate economic and fiscal future.
The Russian Ministry of Economic Development has presented its fiscal plans for 2026 and the forecast period for 2027-2029. We examine these insights, including GDP development, inflation, the energy sector, and risk factors such as the Iran and Ukraine conflicts. It is essential reading for anyone interested in the Russian economy and what Russia’s immediate economic future will look like under the current global conditions and inherent future risks.
Russia’s President Putin gave a detailed speech on May 9 (Victory Day) in which he discussed his thoughts and Russia’s strategy as concerns its immediate direction towards the Global South. He commented specifically about Central Asia, the Middle East, South Asia and China as well as Europe, and how he sees global developments pan out. This article will be of interest to all Russia-watchers, geostrategic analysts as well as politicians in the West and Global South.
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Russian Oligarchs are now investing in primary targeted areas in the Russian economy and supply chains where previous reliance on Western imported products has now been shown to be unwise. We showcase an example within the agricultural support sector in the Bashkortostan Republic, within European Russia.
The Russian-Indian Joint Venture Brahmos Aerospace has realised a 48.6% growth in profits for the past fiscal yea, according to financial results released on Wednesday. The company manufactures the Brahmos cruise missile which can fly at Mach 2.8 and cannot be intercepted by other defence systems.
Hong Kong is attracting interest from Central Asian nations as a capital raising financial centre, with Kazakhstan’s Sovereign Wealth Fund owned national railway company looking to raise money via a Hong Kong IPO this year. This marks a profound shift in Hong Kong’s traditional financial markets and signifies a new direction in bringing China Belt & Road Initiative related projects to the territory to raise finance.
Belarus, which was accepted as a BRICS Partner nation in 2024, is making plans to join the BRICS New Development Bank. Doing so will open up alternative opportunities to raise capital for infrastructure and related developments as an alternative to capital markets in ‘unfriendly’ nations and to be able to do so without using the US dollar or Euro.
Russia’s VTB bank is rolling out a QR code payment system throughout Egypt to allow the bank’s clients to access up to US$4,600 per day in direct transactions from their Russian bank accounts while in the country. The QR code system is supported by national satellite telecommunications networks and is Western financial sanctions proof.
Russia and China have signed an MoU on tax, agreeing to share digitalisation techniques and cooperation in bringing their systems closer together for ease of use. Much of this data relates to increasing bilateral trade flow and the need for improved application of tariffs and duties on applicable items.
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