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.
The St. Petersburg International Mercantile Exchange (SPIMEX) is preparing for trading in platinum bullion, SPIMEX president Igor Artemyev has stated, and is collaborating with Norilsk Nickel on the matter. The Russian Ministry of Finance also has a specific interest in organizing the trading, though legislation will be required to permit such trade. Artemyev said, “We […]
Moscow is ready to contribute to US President Donald Trump’s ‘Board of Peace’ initiative, President Vladimir Putin told the Russian Security Council on Wednesday (January 21). He suggested donating the required US$1 billion membership fee to the body out of the Russian assets frozen in the US to support the recovery of the Palestinian enclave. […]
Russia’s Okto Group are negotiating with their fellow Russian mining company Nordgold to purchase a gold mine in Burkina Faso, West Africa. The deal amount for the sale of Nordgold’s assets in Burkina Faso is estimated at being over US$1 billion. According to the latest disclosed data (for 2021), the combined production of Nordgold’s mines […]
The new threats by US President Donald Trump to place an additional 25% tariffs on European exports entering US markets emphasize just how naïve European politicians have been when it comes to international diplomacy and foreign affairs. In threatening such measures should the EU (and specifically Denmark) do not agree to cede Greenland to the […]
The Moscow Arbitration Court has granted the application of the Central Bank of Russia (CBR) to consider the regulator’s lawsuit against the Belgian depository Euroclear for €200 billion in a closed court session. The decision was confirmed on Friday (January 16). A statement issued by the bank read, “The Central Bank of Russia requests to […]
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In 2025, Russia-China trade entered a new and more complex phase. After four consecutive years of uninterrupted expansion, bilateral trade turnover declined for the first time since the covid pandemic in 2020. According to Chinese customs data cited by Russia’s Trade Representative to China Alexey Dakhnovsky, two-way trade fell by 6.9% year-on-year, reaching US$228.105 billion. […]
The joint venture between Russia’s SIBUR and China’s Sinopec, which owns the Krasnoyarsk Synthetic Rubber Plant (KZSK), has redomiciled from Cyprus to the special administrative region on Russky Island, Vladivostok Urban District, the Unified State Registry of Legal Entities (USRLE) has stated. The USRLE said that Sibur-Sinopec Rubber Holding Company International LLC redomiciled in late […]
Major Chinese aseptic packaging manufacturers are showing interest in Russian companies producing cardboard food packaging, with the most likely Russian partner being Lambumiz , a leading dairy packaging manufacturer, with potential acquisition of a 25% stake, according to Russian industry sources. Apparently several of China’s largest aseptic packaging manufacturers are interested in potential equity stakes […]
Predictions of the collapse of the Russian economy have been ongoing now for over a decade, with statements continuing to be made that this event is shortly to occur. Why do these statements continue to be repeated, and what is driving such beliefs? When sanctions were originally imposed upon Russia back in 2014 – a […]
U.S. President Donald Trump has renewed his threat of imposing punitive tariffs of up to 500% on countries such as India, China, and Brazil that continue to import Russian crude oil. While the announcement has generated immediate political noise, it has thus far resulted in limited economic shockwaves. Trump’s decision to “greenlight” legislation threatening 500% […]
As the United States has aptly demonstrated, the global world order is changing and is in the process of being remade into new alliances—both in terms of political and military pressure, with the latter now being utilised to enforce the former. Yet the current position Washington is taking—with assets close to its own territory as […]
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