Finance Archives - Page 12 of 31 - RUSSIA'S PIVOT TO ASIA

Featured August 2, 2025

Russia, Turkiye, Renegotiate Akkuyu Nuclear Power Plant Deal After Siemen’s Default

Russia’s Rosatom, its nuclear energy agency, the relevant Turkish government agencies, and key contracting organizations have discussed the implementation status and financing arrangements for the Akkuyu nuclear power plant project in Turkiye, Rosatom have announced. These covered licensing progress, training of operational personnel, physical protection measures and other related topics. Anton Dedusenko, the JSC Akkuyu […]

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Featured July 31, 2025

Another Highly Profitable EU Listed Public Company Relocates To Russia

The Russian-owned Ozon Holdings Ltd has been granted permission by the Cypriot Department of Registrar of Companies and Intellectual Property to relocate to Russia, the company has reported. Ozon’s shareholders approved the decision to relocate to the Kaliningrad region’s special administrative district at the end of December this year. There, it will continue operating as […]

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July 28, 2025

Russian Corporate Law Suits Against Western Governments Double: Case Studies

Russian businesses have been facing unprecedented sanctions pressure, many of which have resulted in the loss of ownership over numerous Russian-owned assets based in the West due to their being frozen, transferred to Western management, total seizure or forced sales. In many of these cases, these violations are considered direct and indirect expropriation of Russian […]

July 27, 2025

Cuba Joins BRICS New Development Bank

Cuba has become a member of the BRICS New Development Bank (NDB) and is expected to obtain access to alternative financing, as the NDB offers credit without the strict conditions of institutions such as the IMF or the World Bank. Cuba has limited access to the dollar-dominated global financial system and is heavily sanctioned by […]

July 27, 2025

Payment In Rubles Now Accounts For Over 50% Of All Russian Exports

The share of the Russian ruble in payments for Russian exports has surpassed 50% of the total for the first time, according to the Russian Central Bank. Moscow and many of its trading partners have stepped up efforts to reduce exposure to the Western financial system since major Russian banks were cut off from […]

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July 26, 2025

Eurasian Economic Union GDP Growth Projected To Average 6% Between 2025-2030

The average economic growth rate of the Eurasian Economic Union (EAEU) countries between 2025 – 2030 is projected to average out at about 6% per annum, according to various analytical sources including the Eurasian Development Bank, World Bank and data analysts Statista. That could even be higher should sanctions during the coming five years be […]

July 23, 2025

Average Salaries In Russia Set To Increase By 12% In 2025

Average monthly salaries in Russia are expected to grow to ₽100,000 (US$1,273) by the end of 2025, an increase of 12% over the year, according to Izvestia, Russia’s equivalent of the Financial Times. The best earners now are in the IT sector, finance and raw material extraction, insurance, construction, transportation and storage, while the manufacturing […]

July 21, 2025

Russian Precious Metal Exports To China Rise 80% In H1 2025

Russia’s precious metals exports to China nearly doubled in the first half of 2025, with gold leading the way as prices continue to soar. Shipments of Russian gold, silver, and other ores sent to China shot up by 80% compared to the same period last year. The jump lines up with a sharp rally in […]

July 18, 2025

Commonwealth Of Independent States GDP To Equal European Union’s By 2050

Based on current GDP growth trends, the Russian-backed Commonwealth of Independent States is likely to reach GDP economic parity with the European Union and may even overtake it, by 2050. The current GDP (PPP) of the European Union is €25.09 trillion, with a current average growth rate, according to the World Bank, of 1.2%. The […]

July 16, 2025

Russian Foreign Ministerial Statements and Q&A At The Shanghai Cooperation Organisation: Content & Analysis

The Russian Foreign Minister, Sergey Lavrov, has summarised his meetings with the Foreign Ministers of the Shanghai Cooperation Organisation (SCO) which has been held in Tianjin, China. These are important geopolitical discussions, with the SCO including full members Belarus, China, India, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan. Afghanistan and Mongolia are observers, while […]

July 14, 2025

Russia To Begin Trading Gold On St. Petersburg Exchange

Russia, the world’s second-largest gold producer, is to free itself from the current dependence of gold prices on the London Stock Exchange (LSE), and plans to launch gold trading on the St. Petersburg Exchange (SPIMEX) by the end of the year. One of the main objectives of the exchange when launching a new market is […]