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Finance

Russia’s Alfa Bank To Establish Offices In Beijing and Shanghai

China, Finance, Trade

Alfa Bank, Russia’s largest private lender, has applied to the Chinese authorities to open offices in Beijing and Shanghai. The bank is aiming to become the first private Russian bank to open fully-fledged branches in China, and comes after it recently expanded its client support services for Chinese businesses. Alfa Bank said it is already […]

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The Real Purpose Of Ukraine’s ‘Peace Conference’: Asking For A 60% Reduction In Western Debt

Economy, Finance, Investment

The Financial Times has published an article describing a key meeting between the Ukrainian Finance Ministry and Officials attending the Peace Conference held over the weekend in Lucerne, Switzerland. The newspaper reported that Ukraine had asked for its official bondholders to take a 60% haircut on foreign exchange bonds due in August of US$20 billion.

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The Chinese RMB Yuan Becomes Russia’s Currency Valuation Baseline: The Implications For The US Dollar and Euro 

BRICS, China, Economy, Finance

In response to Wednesday’s (June 12) US sanctions concerning the provision of services to Russia for trading US dollars or Euros, the Bank of Russia has stated that the Chinese RMB Yuan / Russian Ruble exchange rate will now be the baseline from which other currency pairs, including for the euro and the dollar, will

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Moscow: Iran Would Benefit By Joining BRICS New Development Bank

BRICS, Finance, Investment, Trade

Sergey Ryabkov, Russia’s Deputy Foreign Minister has said that Iran would benefit if it joined New Development Bank established by the BRICS countries. Speaking at the BRICS foreign ministers meeting in Nizhny Novgorod, he said that “In order for Iran’s entry into BRICS to face the least difficulties, it is necessary to take a number

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Future BRICS Currency To Combine A Gold Standard & Sovereign Currency Mix

BRICS, Finance, Trade

As we reported last week, Russian President Vladimir Putin has held meetings with Dilma Rousseff, the Head of the BRICS New Development Bank (NDB). A new priority for the NDB, as directed by its shareholders, is the development of a new digital currency to facilitate direct trade between members and bypass sanctions imposed on Russia

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Russian Investors – Infrastructure Projects Signed At SPIEF

Finance, Infrastructure, Investment, Trade

The St.Petersburg International Economic Forum (SPIEF) 2024 has now finished, attracting guests from 139 countries. Investment deals worth US$71 billion were signed, as Russian companies look to invest in alternative markets as its economy moves away from Europe.  In this article we highlight some of the larger investment deals that Russian investors made to instigate

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BRICS, EAEU Could Be Part Of A New Unified Eurasian Commodities Exchange

BRICS, Eurasian Economic Union, Finance

The St. Petersburg International Commodity and Raw Materials Exchange (SPIMEX) will create a new, common EAEU commodity exchange market and then intends to integrate this to include commodities trading within the BRICS, according to SPIMEX President Igor Artemyev, speaking on the sidelines of the St. Petersburg International Economic Forum (SPIEF). Artemyev stated that “A large

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Putin-Xi, May 2024 Russia-China Summit – Announced Deals

China, Economy, Finance, Infrastructure, Logistics & Transport, Trade

The Russian President, Vladimir Putin, visited Beijing and Harbin, China last week to meet Chinese President Xi Jinping and discuss multiple issues concerning trade and mutual development. In Harbin, Putin attended the China-Russia Expo. In this article, we summarise the meetings, and discuss the numerous announced deals and developments.     Overall Impact The overall impact

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