Finance

Russia DTA

Russia 2025 Double Tax Treaty Agreements: An Update  

Finance, Investment, Regulatory, Trade

Russia suspended its double tax treaties with numerous ‘unfriendly’ countries in 2022, a decision that created some shock waves at the time as these agreements prevented the taxing of income in both Russian and mainly Western-aligned countries. As was shrewdly observed at the time “Why should Russia treat unfriendly foreign nations to tax reductions when […]

Russia 2025 Double Tax Treaty Agreements: An Update   Read More »

Trade

Trade With Southeast Asia and Latin America Now Accounts for 70% of Russia’s Exports & Imports: Foreign Ministry Interview

Asia, BRICS, Eurasian Economic Union, Finance, Latin America, Trade

Trade with the economies of Southeast Asia and Latin America already accounts for more than 70% of Russia’s export-import transactions, and the share of settlements in national currencies under foreign contracts with them is about 90%, according to Alexander Pankin, the Russian Deputy Foreign Minister. He emphasized that Moscow will continue to deepen cooperation with

Trade With Southeast Asia and Latin America Now Accounts for 70% of Russia’s Exports & Imports: Foreign Ministry Interview Read More »

Diamonds

Russian Domestic Investment Grade Diamond Sales Increase Threefold

Economy, Finance, Russian Market, Trade

ALROSA, which produces about 90% of diamonds in Russia, increased sales of investment-grade diamonds by a multiple of three times in 2024, to more than 1,000 units, the company has said. The investment category includes diamonds from 2 carats with certain colour and purity characteristics. Their price point starts from ₽2 million (over US$20,000) per

Russian Domestic Investment Grade Diamond Sales Increase Threefold Read More »

Economy

Russian Disposable Income Levels Grew By 8.6% In 2024: Economic Analysis

Economy, Finance, Infrastructure, Russian Market, Trade

Russian President Vladimir Putin has been discussing and analysing Russia’s economic position during 2024 with Prime Minister Mikhail Mishustin to see areas that worked and where attention to change needs to be directed. Mishustin was presenting the results of Russia’s economic performance for last year. The results are generally positive but there are some critical

Russian Disposable Income Levels Grew By 8.6% In 2024: Economic Analysis Read More »

BRICS - VTB

Russia’s VTB Bank To Expand International Financial Transfer Services Into Africa, LatAm and Asia 

Africa, BRICS, Commonwealth of Independent States, Finance, Infrastructure, Investment, Latin America, Trade

Russia’s VTB bank plans to expand its services geography in providing international transfers in national currencies during 2025 by adding new countries in Africa, Latin America and Southeast Asia, the Russian state bank’s deputy CEO, Georgy Gorshkov has stated. VTB’s retail customers made 2.1 million transfers in the currencies of friendly countries in 2024, six

Russia’s VTB Bank To Expand International Financial Transfer Services Into Africa, LatAm and Asia  Read More »

Russia Up

Russia’s Mutual Fund Investment Market Expands To Record Capital Volumes

Economy, Finance, Infrastructure, Investment, Russian Market

2024 was a banner year for Russia’s collective investment markets, which expanded with a record number of mutual funds and the largest number of new management companies for over a decade. Wealthy investors – including foreign investors – are primarily interested in Russian industry. Since sanctions were imposed in 2022, Russian investors have been limited

Russia’s Mutual Fund Investment Market Expands To Record Capital Volumes Read More »

Digital Assets

Russia’s Digital Financial Assets Grew Fourfold In 2024  

Economy, Finance, Infrastructure, Russian Market, Trade

Russia’s digital financial assets market grew more than 4 times in 2024, according to the Russian ACRA credit rating agency. Although still developing and partially hampered by sanctions, the overall trend is positive, with holdings up to ₽150 billion by the end of last year. According to ACRA’s estimates, digital financial instruments in Russia have

Russia’s Digital Financial Assets Grew Fourfold In 2024   Read More »

SBP

Russia’s Fast Payment System Via Phone Set To Expand Into The Global South 

Asia, Exports, Finance, Imports, Regulatory, Trade

Russia’ Fast Payment System (SBP), in which banks will accept money transfers by phone number is rapidly developing and has now expanded to include nine countries: Abkhazia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Laos, Moldova, Tajikistan and Uzbekistan. The number of foreign banks accepting money through the SBP by phone number is also growing, with 50 now

Russia’s Fast Payment System Via Phone Set To Expand Into The Global South  Read More »

Russia, UAE Finalise Double Tax Agreement To Commence 1st January 2026

Finance, Middle East, Regulatory, Trade

Russia and the United Arab Emirates have concluded the final round of negotiations on and initialled the draft of a new Double Taxation Agreement (DTA) on income and capital and to help prevent tax evasion. DTA provisions typically protect tax payers from being taxed twice for the same income, such as a Russian national working

Russia, UAE Finalise Double Tax Agreement To Commence 1st January 2026 Read More »

Subscribe
Subscribe
Scroll to Top