Finance

BRICS Pay Card

BRICS Pay Launches, Will Be A Global Payments Game Changer 

BRICS, Economy, Finance, Trade

The BRICS Pay system has been launched, with immediate implications for the future role of the US dollar, and the use of financial sanctions upon other countries. The system bypasses the US controlled SWIFT payments system, disregards the US dollar as a preferred currency and allows instant settlement in sovereign currencies instead.  It is likely […]

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GDP Growth

Putin – 2025 Economic Growth to be in Russia, China, India and Saudi Arabia

Africa, China, Economy, Finance, India, Trade

Russian President Vladimir Putin has forecast that the economies of Russia, China, India, and Saudi Arabia will show strong positive growth over the coming years, while it will also be advanced in Africa and Southeast Asia. Speaking at a BRICS media event, he stated “Growth, positive growth will be in such strong countries as China,

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SCO-USD

Calls For Shanghai Cooperation Organisation Independent Payments Mechanism: Implications For BRICS, SWIFT, US Dollar, Euro and British Pound

BRICS, Economy, Finance, Infrastructure, Shanghai Cooperation Organisation, Trade

Readers will be familiar with discussions amongst the BRICS countries to establish a SWIFT alternative payments and settlements platform, however the concept is now spreading. Russia is calling for the removal of obstacles to the implementation of plans to increase the share of national currencies in mutual settlements between the Shanghai Cooperation Organization (SCO) countries

Calls For Shanghai Cooperation Organisation Independent Payments Mechanism: Implications For BRICS, SWIFT, US Dollar, Euro and British Pound Read More »

New Market Exit Terms For ‘Unfriendly’ Investors In Russia

Economy, Finance

The Russian Ministry of Finance has introduced significant changes to the market exit conditions of Russian based assets owned by individuals or entities from so-called “unfriendly” states or companies controlled by them. These are as follows: The above requirements are applicable both to new petitions for obtaining the permission of Government Commission for Control over

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Zimbabwe Academic Compares IMF With BRICS Bank

BRICS, Economy, Finance, Trade

Kudzai Dominic Chiwenga, an associate professor at the University of Zimbabwe, has spoken about currency strategies and compared the World Banks ‘International Monetary Fund’ (IMF) with the BRICS New Development Bank (NDB). The NDB, he has said, provides more flexible and supportive terms than the IMF. Chiwenga, who is also the Chairman of the Zimbabwe-Russia

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Russia Abkhazia Flag

Russia – Abkhazia 2024 Bilateral & Geopolitical Relations: Update

Commonwealth of Independent States, Finance, Infrastructure, Logistics & Transport, Trade

Russia’s Foreign Minister Sergey Lavrov has held bilateral meetings with Sergey Shamba, the Foreign Minister of the Republic of Abkhazia. Abkhazia is a semi-recognised independent country that was formed in 1993. It had previously been  a province of neighbouring Georgia, however following mass civil unrest and Georgian military action against ethnic Abkhazians, Russian troops were

Russia – Abkhazia 2024 Bilateral & Geopolitical Relations: Update Read More »

Russia – South Ossetia 2024 Bilateral & Geopolitical Relations: Update

Commonwealth of Independent States, Finance, Logistics & Transport, Security, Trade

Russia’s Foreign Minister Sergey Lavrov has held bilateral meetings with Akhsar Dzhioev, the Foreign Minister of the Republic of South Ossetia. South Ossetia is a semi-recognised independent country that was formed in 1990, when the South Ossetian Autonomous Oblast, established by Soviet authorities in Moscow in 1922, declared independence from the Georgian Soviet Socialist Republic

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EDB Bank

Uzbekistan To Join Eurasian Development Bank In Boost To EAEU

Eurasian Economic Union, Finance, Infrastructure, Investment, Trade

Uzbekistan is completing the procedure to join the Eurasian Development Bank (EDB), Prime Minister Abdulla Aripov said at a meeting of the Eurasian Intergovernmental Council in Yerevan. The EDB is an international development bank with charter capital of US$7 billion. Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, and Tajikistan are the bank’s shareholders. Uzbekistan’s decision to participate

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BRICS Digital

Putin Says BRICS Payment System In Progress, Nasdaq Says Would Disrupt US Dollar and Euro

BRICS, Economy, Finance, Trade

The Russian President Vladimir Putin has been speaking at the Russian Energy Week forum in Moscow, and stated as part of his speech that the BRICS member nations are jointly developing a payment and settlement framework to be used for trading within the group. Putin stressed that supplies of Russian oil and gas to ‘friendly’

Putin Says BRICS Payment System In Progress, Nasdaq Says Would Disrupt US Dollar and Euro Read More »

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