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.
Rosatom, currently developing Turkiye’s Akkuyu NPP, has stated that they expect dividends from electricity generation by the plant to commence from 2035 and for the project development costs to have been fully recovered by 2039. Rosatom is the 100% owner of the NPP, which is Turkiye’s first, generating about 10% of the countries electricity needs.
The Russian Deputy Foreign Minister Andrey Rudenko has stated that Russia will not export oil to any countries imposing a price cap. This affects all the G7 nations including the European Union, who have imposed price caps at US$45 a barrel for Russian fuel oil. However, volatility created by the conflict in Iran has seen prices fluctuate between US$75 to above US$100 a barrel while Russia has shifted its energy export priorities to markets in Asia. JP Morgan analysts suggest the price could reach US$150 a barrel if the Strait of Hormuz is not reopened soon.
Russia’s Uranium One Group (part of TENEX, a Rosatom subsidiary) and Brazil’s NBEPar have signed an agreement to establish a joint venture in Brazil. Part of the new companies remit will be to assess and develop uranium deposits in the country with an additional view of developing Brazil’s nuclear energy sector.
The crisis in the Middle East is drastically affecting Russian oil prices and creating fluctuations in the value of the Ruble. We examine the implications, how the Russian government is benefiting, while at the same time being cautious and managing the situation. We provide analysis of how these issues can be expected to impact the Russian economy and the Russian domestic consumer over the course of this year.
Huge warehousing and logistics facilities are being built in Russia’s Far East Primorye region, with the Logopark Primorye company, an investor in the Primorye Priority Development Area, investing over US$64 million to build 89,000 square metres of facilities for the storage, processing, and distribution of goods. China is a primary market.
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The Russian Sovereign Wealth Fund is prepared to offer Namibia financing options for development projects in the country, as a delegation led by Russian Deputy Prime Minister Yuri Trutnev visits Windhoek. Russian businesses are interested in Namibia’s energy, advanced technology, the mining industry, petrochemicals, financial and agricultural sectors.
Russian fuel prices have also risen due to the situation in Iran but are expected to return to normal due to replacement from domestic supplies. However there remain some Middle East supply chain and processing bottlenecks. We examine the supply chain trends.
Russian overseas tourists now spend more on their foreign holidays than European visitors do. A combination of higher purchasing power, disposable income and other factors mean the wealth spending factor is now with the Russians. We explain the reasons why this is so.
Russia’s AGR Holding and China’s Defetoo are expanding their joint venture and completing the technical refurbishment of the former United States-owned GM Motors auto plant in Shushary, St. Petersburg. The equipment has already been installed at the plant and will shortly begin the full production cycle. AGR acquired the GM facility in 2024, where the […]
The Indian shipping regulator has extended the accreditation of four Russian companies providing Protection and Indemnity (P&I) insurance for vessels calling at the country’s ports for one month, according to the Indian Directorate General of Shipping. Russian insurers Soglasie, Yugoria, Sberbank Insurance, and ASTK Insurance have all had their insurance licenses extended to 20 March […]
The creation of a unified Special Economic Zone (SEZ) covering the entire Siberian Federal District, with common tax and investment preferences for each region within it, could become a driver for Siberian development, according to Elena Bezdenezhnykh, the vice president of JSC Rusal Management. She said that “We have 59 SEZs in the country. The […]
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