Finance

Russian MNC In The West Redomicile To Friendlier Jurisdictions: Two Case Studies  

Economy, Finance, Investment, Trade

Russian-owned multinationals (MNCs) are relocating to friendlier jurisdictions, with another two businesses announcing redomiciling plans this past week. Both are representative of the new, more financially attractive options available for them.  Qiwi Qiwi provides payment and financial services in Russia and CIS countries. The group includes QIWI payment systems, QIWI Bank, CONTACT money transfer system, […]

Russian MNC In The West Redomicile To Friendlier Jurisdictions: Two Case Studies   Read More »

Crypto Exchange

Russian Crypto Exchanges & Stablecoins To Be Trialled To Support Foreign Trade 

Economy, Finance, Trade

Two crypto exchanges are expected to be launched in Russia, one in Moscow and the other in St. Petersburg, with the aim of assisting foreign trade payments.  While the operating mechanics are not yet specifically in place, Russian lawyers feel they will most likely be created in an experimental legal mode. To begin with, usage

Russian Crypto Exchanges & Stablecoins To Be Trialled To Support Foreign Trade  Read More »

Belarus and China to Sign Technology Investment and Services Free Trade Agreement 

China, Finance, Logistics & Transport, Trade

Belarus and China are to sign a Free Trade Agreement covering services and investment, Belarusian President Alexander Lukashenko said at a meeting with Chinese Premier Li Qiang in Minsk on Thursday (August 22). Lukashenko said that “Our two parties will sign documents formalizing plans for their future partnership in key areas. One of them is

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3PL

China Suppliers Sending Russian Market Goods Via Third Party Countries

China, Finance, Logistics & Transport, Trade

Some Chinese supplies to Russia are switching to third-party, rather than direct routes for sending goods to Russia due to difficulties with sanctions and logistics. Western governments have issued ‘stop’ notices on numerous products to Russia, including electronic and so-called ‘dual-use’ items, which if ignored can result in sanctions being imposed on Chinese suppliers themselves

China Suppliers Sending Russian Market Goods Via Third Party Countries Read More »

Russia BRI

China’s Belt & Road Initiative In Russia

China, Finance, Infrastructure, Investment

China’s main thrust into the potential of investing in Russia as part of its global Belt & Road Initiative (BRI) overseas investment and infrastructure plan essentially began in 2018, when the Chinese government published its “China-Russia Cooperation and Development Plan for the Russian Far East (2018-2024).” This is a programmatic policy document guiding cooperation between

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Ruble Rupee

Russia and India Looking At Benchmark Ruble-Rupee Rate To Increase Bilateral Trade

Economy, Finance, India, Trade

India and Russia are exploring the idea of a benchmark Ruble-Rupee exchange rate to start direct trade using the two currencies, according to Indian media. Top regulators and bankers from both nations are seeking to overcome dollar trade barriers created by Western sanctions against Moscow, and to facilitate more Russian purchases of Indian goods. India

Russia and India Looking At Benchmark Ruble-Rupee Rate To Increase Bilateral Trade Read More »

Securities

Non-Russian Entities Buy Up Russia’s Frozen Foreign Securities   

Economy, Finance, Trade

Russia’s Investment Chamber (RIC) brokerage, which has been mandated to organize the exchange of frozen assets between Russian and non-resident investors, has announced the completion of settlements for the purchase of foreign securities. RIC commented that “Despite external sanctions pressure while bids were being accepted, RIC managed to sell to non-residents about a quarter of

Non-Russian Entities Buy Up Russia’s Frozen Foreign Securities    Read More »

Barter

Russia and China To Conduct First Barter Trade Deals In September / October  

China, Finance, Trade

Moscow and Beijing are looking to a barter trade system to overcome the hesitancy of Chinese banks to run foul of US sanctions in conducting cross-border financial transactions with Russia. The moves, which are expected to be temporary, come as the two sides are trying to limit the transactional use of the SWIFT banking system.

Russia and China To Conduct First Barter Trade Deals In September / October   Read More »

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