Russia Creates Largest Non-Dollar Stablecoin With A US$140 Billion Turnover
Russia’s A7 stablecoin has become the world’s largest non-US Dollar linked crypto asset with a US$140 billion turnover, larger than the European’s Union EURC equivalent.
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’s A7 stablecoin has become the world’s largest non-US Dollar linked crypto asset with a US$140 billion turnover, larger than the European’s Union EURC equivalent.
Russia presented the concept and structure of the proposed BRICS Grain Exchange and how it will work at the 16th meeting of the BRICS Economic and Foreign Trade ministers in Jaipur last week, according to the Russian Economic Development Ministry. Russia proposed to create the BRICS Grain Exchange as a unified digital trading platform where […]
The assets of the British company Linde, has been transferred to a major consumer of their products – Russia’s Kuibyshevazot. The transfer came as part of debt collection related to a defaulted contract for constructing a gas processing complex in Ust-Luga. According to the Unified State Register of Legal Entities, on August 10, 100% […]
Russia has been developing a massive international railway strategy that includes multiple industrial development sectors and infrastructure across Central Asia, the Middle East, India, China, and deep into Southeast Asia on a scale little recognised. We deep dive the expansion of Russia’s railway development, how it is managing this, and the potential new routes that could become available.
The BRICS nations are discussing linking their payment systems and central bank digital currencies (CBDCs) as they explore ways to reduce the costs and increase the speed of cross-border payments, according to Reserve Bank of India (RBI) Governor Sanjay Malhotra. He said that “Cross-border payments is an area of interest for all of us, including […]
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The 2026 Uzbekistan-Bashkortostan Business Forum has just taken place in Ufa, Russia. With bilateral trade growing at 20% this year, we deep dive the relationship between Bashkortostan and Uzbekistan, the investments being made and the prospects of the two countries hitting US$30 billion in trade by 2030.
The VIII Russia-Kyrgyzstan Economic Forum has just finished in Issyk-Kul. With bilateral trade increasing by 25% in 2026, over US$800 million in investment agreements, and a further US$1 billion in development funds were agreed. We examine the future development of Russia-Kyrgyz trade and investments.
Russian President Putin has signed into law the Russian cryptocurrency usage bill. Trading is permitted but not payment for goods or services in Russia. We examine the implications for Russia’s foreign trade and other financial settlement developments.
Russia’s development of its domestic freight and logistics sector is expected to grow by over 13% in the period 2026-2031. We provide a comprehensive breakdown of this data – which is nearly 3 times more than the United States growth, and over 4 times more than the European Union over the same period.
Russia intends to raise over US$400 billion from domestic and overseas investors to complete its Transarctic Transport Corridor. That is about 30% of China’s total spending thus far on the Belt & Road Initiative. The majority of this funding is expected to come from the private sector.
Bangladesh runs a substantial Rupee trade deficit with India, but doesn’t trade such huge amounts with Russia. Consequently, to get around the Bangladesh-Russia trade imbalance and mitigate against threatened US sanctions on Dhaka, the two sides are discussing the use of Indian Rupees rather than the Bangladesh Taka to settle their mutual trade volumes of about US$2 billion per annum.