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.
Plucky little Laos, in southeast Asia, has just become the latest country to ignore US import tariffs, by stating that it will redirect its US exports to other markets. Laos has been hit with a 40% import duty on its products. What is surprising about this move is that Laos is a relatively small country, […]
The Cypriot-based Burger King Russia is the latest EU listed company to have redomiciled its business from the European Union to Russia, where it will continue to operate as BKR ICLLC. According to the Russian Unified State Register of Legal Entities, Burger King Russia was re-registered on September 1 in Kaliningrad’s special administrative region. The […]
Discussions With Senior Officials From China, Mongolia, Laos, and about the Russian Economy: Full Contents & Analysis The Russian President, Vladimir Putin, has taken part in a series of conversations as part of the Far Eastern Economic Forum in Vladivostok. Other participants included Sonexay Siphandone, the Prime Minister of Laos, Gombojav Zandanshatar, the Prime Minister […]
There has been much speculation about the financial arrangements and costs of building the Power of Siberia 2 gas pipeline between Russia, Mongolia and China, with Russian Energy Minister Sergei Tsivilev clarifying details at the Eastern Economic Forum currently taking place in Vladivostok. He said that the financing scheme for the project and other issues […]
Russia’s VTB has secured the principal approval of the Central Bank of Iran to open a branch in the country and will offer customers international settlements in national currencies as part of its servicing foreign commerce, according to Olga Basha, a VTB board member. She was speaking at the Eastern Economic Forum currently taking place […]
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The Russian Direct Investment Fund (RDIF) and the Hainan Free Trade Port Resort Software Community Group have agreed on a partnership to support Russian companies trying to enter the Chinese market and scale up their presence in the region, it was announced during President Vladimir Putin’s visit to China. Hainan FTP RSC Group is a […]
The Russian President, Vladimir Putin, has made a keynote speech to the Heads of State attending the Shanghai Cooperation Organisation annual summit in Tianjin, China. He discussed the ending of World War II in Asia, the roles and cooperation of the SCO, reform at the United Nations, the new SCO 2035 Strategy, Intra-SCO trade, financial […]
Now the 2025 Heads of State summit of the Shanghai Cooperation Organisation have finished, attention turns to a related event – the meetings of the SCO +. This is a huge bloc, as can be seen by the image of the ASEAN Secretary-General, Dr. Kao Kim Hourn, walking past participating country national flags at the […]
The Standing Committee of the Russia-Belarus Union State has supported a proposal to create a credit rating agency, the committee has said. The move is necessary, as Western credit ratings agencies, including Fitch, Moody’s, and S&P, pulled out of these markets in 2022, making it extremely difficult for banks and companies in Russia and Belarus […]
Russia is both developing and integrating its digital transport system with China’s, according to Igor Levitin, an Adviser to the President of Russia and Special Representative for International Transport Cooperation. He was speaking at the Rostki International Forum in Kazan. Speaking at the session on “Russia-China: Logistics Connectivity as a Basis for Sustainable Partnership”, Levitin […]
Russia has been given the contract to print the banknotes for Syria’s redesigned and revalued currency, with Damascus to give the severely devalued Syrian pound a makeover and remove two zeroes from the currency in order to ease transactions and restore confidence. The Syrian pound has lost over 99% of its value since 2011, falling […]
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