Colombia intends to join the BRICS New Development Bank (NDB) in 2025, according to Hector Arenas Neira, Colombia’s Ambassador to Russia. Neira said that the decision on this issue was made after talks with NDB head Dilma Rousseff, saying that “the decision has been made. Our president met with the president of the BRICS bank, […]
In encouraging signs that Afghanistan’s trade and investment potential is improving, the Taliban administration is holding advanced negotiations with Russia to allow banks from both countries, both of which are heavily sanctioned in the West, to handle trade worth hundreds of millions of dollars using their own currencies. Afghanistan’s acting commerce minister, Haji Nooruddin Azizi,
Afghanistan Negotiating With Russia To Use Own Currencies In Bilateral Trade Read More »
Algeria has officially become a member of the New Development Bank (NDB), a financial institution created by the BRICS group of countries. The bank’s press office announced this on Thursday, May 22. “Algeria plays an important role not only in the North African economy, but also at the global level and will certainly contribute to
Algeria Becomes A Member Of The BRICS New Development Bank Read More »
The value of transactions on the Belarusian Universal Commodity Exchange (BUCE) conducted by Belarusian and Russian producers increased 3.4-fold in 2024, while it grew 20% year-on-year in January-April 2025, according to Herman Puzyrny, the deputy head of BUCE’s Foreign Economic Activity Department. Puzyrny said that “Russia traditionally ranks first in trade volume among all countries
Russian Transactions On Belarus Commodity Exchange Reaches Record Highs Read More »
Sberbank has proposed allowing foreigners to invest in Russian Initial Public Offerings (IPO) with money held in their C-type accounts, with purchased shares and dividends subsequently credited to these same accounts. A C-type account is a foreign owned bank account in Russia, which holds frozen income on securities owned by “unfriendly” foreign investors. This money
Sberbank Proposes C-Type Accounts Foreign Investment Participation In Russian IPOs Read More »
The Central Bank of Russia has set the minimum annual income threshold for obtaining the status of a Qualified Investor at ₽12 million (@US$150,000) according to Mikhail Mamuta, Head of the Russian regulatory body for the Protection for Consumer Rights and Ensuring the Availability of Financial Services. He was speaking on the sidelines of the
Russia Sets Qualified Investor Minimum Investor Income At US$150,000 Read More »
Dubai has been building its crypto credentials for several years and sees itself as a Middle East crypto hub. In March 2022, it established VARA, calling it the world’s first independent crypto regulator, and has awarded licenses to exchanges including Binance and OKX. It also initiated a metaverse strategy aiming to attract 1,000 metaverse and
We live in an era where travel enthusiasts increasingly seek authentic and immersive experiences, gastronomic tourism has emerged as a unique avenue for exploring the culture and traditions of a destination through its food. As a result, the concept of gastronomic tourism has gained traction over the years, shaping how people view global culinary scenes,
Russia, and creating an Association of Ethno-Gastronomic Tourism within BRICS Read More »
Chinese investors plan to build a trade and logistics complex, an industrial park of building materials and a plant for the production of metal structures in Primorsky Krai, with a total investment amount of about ₽2.7 billion (US$33 million), according to the Corporation for the Development of the Far East and the Arctic (KRDV). The
Chinese Investors Looking At Financing Russian Far East Logistics Complex Read More »
A potential consequence of tariff wars triggered by the new U.S. administration’s decisions for Russian businesses could be the weakening of the Chinese RMB Yuan, and consequently increased competitiveness of Chinese manufacturers in foreign markets, including Russia, Kirill Tremasov, an advisor to the Central Bank of Russia’s governor has stated. Tremasov said that “One possible
Russian Central Bank Warns Of Domestic Risks Over US-China Tariff Wars Read More »
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