Finance

Dedollarisation

Over Half Of All Countries Worldwide Are De-Dollarizing 

BRICS, China, Economy, Finance, India, Regulatory, Trade

More than half of the countries across the world have declared a boycott of the US dollar, an analysis conducted by Russia’s Sputnik media has showed. In 2024, 14 more nations embarked on de-dollarisation, according to Sputnik’s analysis. 46 countries have switched to making transactions in national currencies, and 53 countries now openly oppose the […]

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ASEAN COver

Russia’s Pivot To Asia 2025 Guide To ASEAN

Asia, Economy, Exports, Finance, Imports, Logistics & Transport, Russia's Belt & Road, Trade

Russia’s Pivot To Asia have just published their 2025 Guide to ASEAN, which details Russia’s trade, investment and geopolitical involvement with the ASEAN group. ASEAN includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. We detail Russian trade trends looking back at 2024 and ahead into 2025, and also include chapters

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Tax

Russia 2025 Individual and Corporate Income Tax Rates

Finance, Regulatory, Russian Market, Trade

2024 saw the biggest tax base reform in Russia for the last twenty years, with numerous  changes. The tax innovations will affect all Russian citizens, foreigners working in the country, individual entrepreneurs, as well as small and large businesses. The move to “a fairer distribution of the tax burden” for those with higher personal and

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Russia Economy

American Hedge Fund Manager Predicts A Russian Economic Boom 

BRICS, Economy, Finance, Foreign Investment, Russian Market

Jim Rogers, the legendary American investor and hedge fund manager has predicted a Russian economic boom once the Ukraine conflict ends, allowing foreign investors to return to the market. In an interview he gave on January 8th, Rogers said the resolution of the conflict would stabilize the geopolitical situation and positively impact Russian bonds, the

American Hedge Fund Manager Predicts A Russian Economic Boom  Read More »

Russian Government Procurement From the BRICS, Asian and Eurasian Banks

BRICS, Finance, Infrastructure, Russian Market, Trade

Contracts from international financial organizations will appear on the Russian government procurement website. These include projects being tendered for by several international banks that Russia holds equity and invests in, including the New Development Bank (NDB – formally known as the BRICS Development Bank). The NDB plans to unfreeze investments in Russia — money that

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How Foreigners Can Pay For Goods & Services In Russia

Finance, Foreign Investment, Imports, Infrastructure, Russian Market, Trade

The suspension of Russian banks from SWIFT, and sanctions resulting in Amex, Visa and Mastercard withdrawal from providing services in Russia have made it difficult for foreign visitors to access their own money while in Russia. It has also made it difficult to remit money to Russia for payment of goods or services, or for

How Foreigners Can Pay For Goods & Services In Russia Read More »

beer

Belgium’s Anheuser-Busch InBev and Turkiye’s Anadolu Efes Lose Total Equity On Russian InBev Beer Takeover

Agriculture, Finance, Foreign Investment, Russian Market

Decision is almost certainly due to Euroclear diverting profits from frozen Russian capital to Ukraine Belgian brewer Anheuser-Busch InBev and Turkey’s Anadolu Efes have lost, in the case of the latter, perhaps temporarily, in their attempts to strike a deal for the assets of Russian joint venture Anheuser-Busch Inbev Efes. On Monday, January 1, Russian

Belgium’s Anheuser-Busch InBev and Turkiye’s Anadolu Efes Lose Total Equity On Russian InBev Beer Takeover Read More »

Digital Ruble

22 More Russian Banks Join The Pilot Project Offering Digital Ruble Accounts & Services From July 1 

Economy, Finance, Infrastructure, Russian Market, Trade

A total of 22 Russian banks have now signed agreements with the Russian Central Bank and are configuring their systems to participate in national Digital Ruble project, which is scheduled for mass-roll out by July 1st. They join Sberbank, T-Bank, Tochka Bank and twelve others that are already in the program for conducting transactions with

22 More Russian Banks Join The Pilot Project Offering Digital Ruble Accounts & Services From July 1  Read More »

China T Bank

Russia’s T-Bank To Open Branches In Xi’an and Shanghai

China, Finance, Trade

Russia’s T-Bank (formally Tinkoff Bank) has revealed plans to establish branches in Shanghai and Xi’an. Currently, only Russia’s VTB branch operates in China, while Sberbank and Alfa Bank have announced plans to enter the Chinese market, but their opening has not yet been announced. However, the Chinese market is in demand, especially for providing services

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Sberbank Launches QR Code Payment System Across 50,000 Outlets In Tajikistan

Finance, Infrastructure, Investment, Russia's Belt & Road, Trade

Sberbank has launched a QR code payment service for Russian nationals in, or visiting Tajikistan, the bank has stated. The roll-out is financially important as it uses QR technology for payment of goods and services, as opposed to bank operated wireless modems. The full functionality of the service will become widely available in 2025. Making

Sberbank Launches QR Code Payment System Across 50,000 Outlets In Tajikistan Read More »

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