Finance News & Analysis

Finance

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.

Kazakhstan
Featured April 11, 2025

Russia, Kazakhstan, Discuss Nuclear Cooperation and Increasing Oil/Gas Transits

The Russian Deputy Russian Prime Minister Alexander Novak, Energy Minister Sergei Tsivilev and several other energy officials have been holding discussions with Magzum Mirzagaliyev, advisor to the Kazakh president, and Kazakh Energy Minister Erlan Akkenzhenov. Other officials from the Russian and Kazakh energy ministries also attended. The issues were cooperation in the nuclear and financial […]

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Kyrgyzstan
Featured April 10, 2025

Russian-Kyrgyz Development Fund To Increase 2025 Financing By 7.8%    

The Russian-Kyrgyz Development Fund (RKDF) plans to allocate US$161 million to finance investment projects this year, the RKDF has stated. The fund’s financing amounted to US$149.3 million in 2024. The new figures mean it will increase 7.8% in 2025. During the year, US$141 million is expected to go towards direct project financing, and another US$20 […]

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MIR Card
April 8, 2025

Russia’s MIR ATM Cards International Use: Update

The Bank of Russia Chairwoman, Elvira Nabiullina has stated that Russia’s MIR card is being accepted in more countries, despite Western sanctions. She was speaking to the State Duma, the lower house of the Russian parliament. The main countries that are accepting MIR transactions are in friendly countries where Russian tourists tend to visit. Some […]

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Salary
March 30, 2025

Russia’s 2024 Median Salary Growth Was The Highest Since 2018

The Russian salary growth rate in 2024 was the highest in the past six years amid increased competition for potential workers. Overall, the median salary offered in Russia increased by 18%, from ₽65,400 in January 2024 to ₽77,200 in January 2025, according to Maria Ignatova of the Human Resources analytical agency HH Help. That equates […]

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Arctic1
March 27, 2025

Russia’s RDIF Proposes Russian-International Arctic Investment Fund   

The Russian Direct Investment Fund (RDIF) has proposed creating a new investment fund together with Russian and international development institutions, banks, pension funds and foreign partners to support the implementation of projects in the Arctic, according to Kirill Dmitriev, the RDIF CEO, and Russian Special Representative for Investment and Economic Cooperation with Foreign Countries. He […]

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Okey
March 26, 2025

Another EU Listed Retailer Redomiciles To Russia  

Shareholders in Luxembourg’s O’Key Group have voted in favor of the company’s re-domiciliation from Luxembourg to Russia, the retailer has stated. The global depositary receipts of the Luxembourg holding company will be recognized as shares of the IPJSC at a 1:1 ratio following re-domiciliation, with the company to be registered in Kaliningrad’s’ Oktyabrsky Island Special […]

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VTB
March 19, 2025

VTB Expands Phone-Number Based, International Financial Transfer Retail Services  

Russia’s VTB bank has launched phone number-based transfers to Azerbaijan, in moves that circumnavigate the financial sanctions placed on Russian banks using the SWIFT financial transfer service. Russian retail clients can now instantly send money to Azerbaijan using the recipient’s phone number to clients of the subsidiary bank – VTB Azerbaijan. The transfer is made […]

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Rubles Lira
March 13, 2025

VTB Launches QR Payment System In Turkiye, Bypasses SWIFT 

Russia’s VTB bank has launched a QR code payment system for purchases in Turkiye, with the system coming operational from March 12. About 7 million Russians visit Turkiye every year, either on holiday or in transit elsewhere. Western sanctions have restricted the use of Russian Mir cards in Turkey – The US Treasury Department’s Office […]

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