The global use of credit rating agencies has come under criticism in the past, often with allegations of political bias. The United States, for example, was always held up as a shining beacon of creditworthiness and a guaranteed AAA rating, as were the economies of the European Union and the United Kingdom. As recently as […]
The Russian President, Vladimir Putin, has conducted his annual Q&A session at the Valdai Club, which was themed this year as “The Polycentric World: Instructions for Use.” In it, Putin touches on numerous academic issues to explain the changes global society is going through, why this is happening and the potential for reform and global
The Russian Foreign Minister, Sergey Lavrov has met with Denis Moncada, the Foreign Minister of Nicaragua on the sidelines of the 80th Session of the United Nations General Assembly in New York. They praised the dynamic of the mutual political dialogue and the allied nature of their interaction in the international arena to protect the
Russia, Nicaragua Bilateral Relations: October 2025 Update Read More »
The Russian Foreign Minister, Sergey Lavrov, has met with Subrahmanyam Jaishankar, the Indian Minister of External Affairs, on the sidelines of the 80th Session of the UN General Assembly in New York. They discussed pivotal issues concerning bilateral collaboration, including preparations for the forthcoming Russia–India summit, to be held at this year’s end. They also
Russia-India Bilateral Relations: September 2025 Update Read More »
Russia’s largest banks are expanding their services to facilitate direct payments abroad in foreign currencies, with new technologies helping to bypass Western sanctions. This means that Russian businesses will once again be able to freely send dollars, euros, or yuan to any country. Sovcombank has already launched this mechanism, while Sberbank and other Russian banks
Has Eastern Europe Inherited Its Fiscal Prudence From the Soviet Era? News that the French economy has reached a debt-to-GDP ratio of 113% and that this is expected to climb further to 125% by 2030 has alarmed economists, who are stating that these levels are unsustainable and could create serious future damage. GDP/debt ratio figures
Western European vs Eastern European Economies: GDP/Debt Ratio Differences Read More »
Russia’s VTB bank conducted a share issue on the Moscow Stock Exchange (MOEX: VTBR) on September 18, in the largest issuance in Russia for the past three years. It was also the largest share placement of a financial institution in Europe over the past 12 months. The issue generated considerable interest among stock market participants,
Russia’s VTB Bank Issue Twice Over-Subscribed, Rises 5% On First Days Trading Read More »
The Uzbekistan President, Shavkat Mirziyoyev has signed a decree for the country’s accession to the Eurasian Development Bank (EDB), with the country purchasing 777,777 shares in the EDB’s charter capital with a nominal value of US$1,000 each. Of these, 168,411 shares (21.7%) are paid-in, and 609,366 shares (78.3%) are to be paid upon demand. The
The St. Petersburg International Mercantile Exchange (SPIMEX) and Pakistan-based KMAK Group have signed a memorandum of understanding on the development of exchange trading, SPIMEX has stated, following a meeting of the Russia-Pakistan Intergovernmental Commission for trade and investment. SPIMEX stated that “Wheat is being considered as the Russian export commodity for the first transactions, and
Russia, Pakistan To Trade Wheat & Rice on the St. Petersburg Commodities Exchange Read More »
The Russian Finance Ministry is to hold negotiations in response to a request from Bahrain to conclude a Double Tax Treaty Agreement (DTA), according to Deputy Finance Minister Alexei Sazanov. Bahrain made the request in June. DTAs are useful when trade, especially in services and investment, is developing between two countries when their respective tax
Русский