Finance

Russian Bitcoin

Russia Preparing For Crypto Transactions By 2025 In Foreign Trade  

Economy, Finance, Trade

Russia’s financial authorities are moving towards the use of crypto-currency for international trade, with a focus group established to pilot and test international trade settlements using digital currencies. The group reportedly consists of members of the Russian Chamber of Commerce, and the Association of Electronics Developers and Manufacturers, as well as several lenders. The selected […]

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International Monetary Fund Returns To Russia, Will Provide Economic Health Report 

Economy, Finance

Update – September 18 Alexsei Mozhin, the IMF’s executive director for Russia, has stated that the IMF’s leadership has now scrapped plans to begin a review of the Russian economy this week, because the mission was “technically not ready”. The IMF is understood to have come under pressure from European member states not to visit

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Russian Banks Instructed To Permit Client Use of Digital Rubles From July 1, 2025

Economy, Finance, Infrastructure, Trade

The Digital Ruble will be in use across Russia in less than a years’ time, as the Central Bank has issued instructions to Russia’s systemically important lending institutions to allow clients the option to conduct transactions in Digital Rubles by July 1, 2025. The regulator has sent the corresponding proposals on amending the legislation to

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Russia Begins Paying China Traders In Hong Kong Using Couriered Gold

China, Economy, Finance, Trade

Some Russian businesses have begun using gold to pay Chinese suppliers to get around US sanctions and threats of sanctions against Chinese banks affecting Russia-China bank transfers. The alternative solution means that gold is purchased in Russia, transported by private courier to Hong Kong, where it is sold, and the cash is deposited into the

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Russian MNC In The West Redomicile To Friendlier Jurisdictions: Two Case Studies  

Economy, Finance, Investment, Trade

Russian-owned multinationals (MNCs) are relocating to friendlier jurisdictions, with another two businesses announcing redomiciling plans this past week. Both are representative of the new, more financially attractive options available for them.  Qiwi Qiwi provides payment and financial services in Russia and CIS countries. The group includes QIWI payment systems, QIWI Bank, CONTACT money transfer system,

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Crypto Exchange

Russian Crypto Exchanges & Stablecoins To Be Trialled To Support Foreign Trade 

Economy, Finance, Trade

Two crypto exchanges are expected to be launched in Russia, one in Moscow and the other in St. Petersburg, with the aim of assisting foreign trade payments.  While the operating mechanics are not yet specifically in place, Russian lawyers feel they will most likely be created in an experimental legal mode. To begin with, usage

Russian Crypto Exchanges & Stablecoins To Be Trialled To Support Foreign Trade  Read More »

Belarus and China to Sign Technology Investment and Services Free Trade Agreement 

China, Finance, Logistics & Transport, Trade

Belarus and China are to sign a Free Trade Agreement covering services and investment, Belarusian President Alexander Lukashenko said at a meeting with Chinese Premier Li Qiang in Minsk on Thursday (August 22). Lukashenko said that “Our two parties will sign documents formalizing plans for their future partnership in key areas. One of them is

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3PL

China Suppliers Sending Russian Market Goods Via Third Party Countries

China, Finance, Logistics & Transport, Trade

Some Chinese supplies to Russia are switching to third-party, rather than direct routes for sending goods to Russia due to difficulties with sanctions and logistics. Western governments have issued ‘stop’ notices on numerous products to Russia, including electronic and so-called ‘dual-use’ items, which if ignored can result in sanctions being imposed on Chinese suppliers themselves

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