Russia just became the world’s largest crypto economy As we had predicted, Russia has adopted a law in the second and third readings that allows cross-border settlements and exchange trading in digital currency within the framework of experimental legal regimes (ELR) from September 1. Russian lawmakers also legalized cryptocurrency mining in Russia. The Central Bank […]
Mass Digital Ruble Usage Expected By July 2025 In an effort to intensify, speed up, and broaden the available tools used for settling international transactions, the Russian State Duma has passed, in its first reading, a bill that opens the way for the Bank of Russia to launch an experimental platform for the use of
Russia has risen to the eighth place in global manufacturing output, according to a report issued by “Make UK”, a British institution that represents UK manufacturers and competitive markets. The report includes a wide variety of data about the contribution of manufacturing to different economies including exports, sectoral breakdown, R&D investment, salary levels and provides
Russia Rises To Eighth Place In Global Manufacturing Output Read More »
Changes in Russia’s policy towards allowing Foreign banks to operate in the county are in the pipeline, as growing problems with cross-border payments have forced the government and the Central Bank to agree to open branches of foreign banks in Russia. These have been strictly prohibited in recent decades. Additionally, Russian officials are ready to
Russia To Permit Foreign Bank Branches & Cryptocurrency Settlements Read More »
In a world where de-dollarization has become the byword for independent sovereignty, there has been a lot of talk about BRICS currency, cross-border settlements in national currencies, and much speculative guesstimating. However, what is the root program that has been developed to enable cross-border settlements to handle transactions in different sovereign national Central Bank Digital
One of the difficulties when reporting statistics concerning Russia or the European Union in these chaotic times is the ultra-partisan nature of contemporary thought. Anything pro-Russian or Western-negative is automatically regarded as suspect and not to be trusted. Such items are also avoided as subjects for discussion in Western media. Hiding the truth has always
Burning Down The House: How European Politicians Have Collapsed The European Economy Read More »
Other unexpected bonuses are increasing Russia’s taxable corporate income from foreign investors originating from unfriendly countries as a direct result of sanctions being placed upon the country. Political pressures are also being placed on foreign investors to exit. It is another example of political thinking in the West apparently being divided from the fiscal repercussions.
Russia’s Tax Revenues From ‘Unfriendly Countries’ Business Exceeds Forecasts Read More »
Russian and foreign investors are starting to become more savvy over tax incentives on offer in Russia’s Special Administrative Regions (SAR), increasing their investments by almost a third since the beginning of this year. The two SAR that Russia currently has are sited in Kaliningrad, in Western Russia, and Russky Island, Vladivostok in the Primorye
Corporate Registrations In Russia’s Offshore SAR Increase 30% In 2024 YTD Read More »
The World Bank has compiled a list of countries by the level of trade surplus by the end of 2023. In total, US$23.3 trillion worth of goods were exported worldwide, and US$22.9 trillion worth of goods were imported. The total surplus amounted to US$365 billion. In terms of the countries with the highest positive trade
Russia’s Positive Trade Surplus Now Seventh Highest Globally Read More »
Discussions concerning the development of a new, potential BRICS currency have been on-going for some time, yet have intensified in recent months due to several Heads of States meetings taking place that have actively discussed and committed research into the issue. A trend is emerging in the modern geopolitical landscape: large international associations such as
The Evolution, Difficulties & Opportunities Of Creating A BRICS Currency Read More »
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