Finance

European Workers Suffer Russia Sanctions Blowback With Predictable Redundancies

Economy, Finance, Investment, Trade

We rarely comment about the sanctions regime here on RPA mainly because we deal with trade and investment issues and also as the topic is usually well covered elsewhere. However, the news that Unilever are to slash their European workforce by 30% is a predictable result of sanctions being placed upon Russia and political pressure […]

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Eurasian Economic Union, United Arab Emirates Free Trade Agreement Expected In September

BRICS, Economy, Eurasian Economic Union, Finance, Trade

Representatives of the Eurasian Economic Union (EAEU) and the United Arab Emirates (UAE) expect to come to a substantive conclusion of negotiations on signing a Free Trade Agreement (FTA) by the autumn of 2024, the Eurasian Economic Commission (EEC) has said. This followed statements by Andrei Slepnev, the EEC Trade Minister and Thani bin Ahmed

Eurasian Economic Union, United Arab Emirates Free Trade Agreement Expected In September Read More »

Russia, India Set Target To Boost Bilateral Trade To US$100 Billion

BRICS, Finance, India, Trade

The Russian President, Vladimir Putin and India Prime Minister Narendra Modi have agreed to boost their bilateral trade to US$100 billion by 2030. Putin has been meeting with Modi for bilateral talks in Moscow, during which they discussed a wide range of issues. The two sides agreed on a plan of strategic cooperation until 2030.

Russia, India Set Target To Boost Bilateral Trade To US$100 Billion Read More »

China’s RMB Yuan Accounts For 99.6% Of All Forex Trade On The Moscow Stock Exchange

China, Finance, Trade

China’s RMB Yuan accounted for virtually the whole volume of exchange forex trading after the imposition of sanctions against the Moscow Exchange (MOEX), making up 99.6% of all transactions, the Central Bank of Russia has stated. Trading volume on the over-the-counter forex market reached ₽13 trillion (US$148 billion) in June. When sanctions were first imposed

China’s RMB Yuan Accounts For 99.6% Of All Forex Trade On The Moscow Stock Exchange Read More »

Putin and Modi

How India’s Vostro Bank Account Scheme Can Assist With Russia’s Rupee Trade Settlements Problem

BRICS, Economy, Finance, India, Trade

Indian Prime Minister Narendra Modi has been in Moscow holding talks with Russian President Vladimir Putin, in discussions likely to have far-reaching, positive consequences for Russia-India bilateral trade as well as the BRICS group. There are however, technical problems to solve. A major stumbling block is that India buys far more from Russia than vice

How India’s Vostro Bank Account Scheme Can Assist With Russia’s Rupee Trade Settlements Problem Read More »

Russia’s Special Economic Zones Attracting New Foreign Investors

Economy, Finance, Foreign Investment, Infrastructure

The Russian Ministry of the Economy has been assessing the effectiveness of the 44 Special Economic Zones (SEZ) in the country, including their fiscal effectiveness. SEZs are attractive investments for foreign investors as they typically offer reduced corporate income tax rates – typically zero for the first three-five years and at a 50% discount for

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The World Bank Classifies Russia As “A High Income” Country With Average Income Worth US$47,261.

Economy, Finance, Foreign Investment

The World Bank has recognised Russia as a high-income nation in its official global rankings, after stating that the average Russian gross national income per capita in Russia is US$14,250, which at current exchange rates, in local Ruble terms is ₽1,260,940.   The World Bank Group assigns the world’s economies to four income groups: low,

The World Bank Classifies Russia As “A High Income” Country With Average Income Worth US$47,261. Read More »

As The World Looks At US Trade and Dollar Alternatives, What Are The Options?

Economy, Finance, Trade

The role of national currencies in global trade is changing, as countries look at ways of at least partial minimisation of exposure to the US dollar. We discuss the evolutionary trends.    Two main global financial evolutionary events are happening at the same time: the first is changes to the role of the US dollar,

As The World Looks At US Trade and Dollar Alternatives, What Are The Options? Read More »

Russia’s Total Export Values Increased After The West Imposed Sanctions

Economy, Finance, Trade

Government fiscal income revenues from Russian imports will have declined in the West and increased in the East by tens of billions of dollars   Russia’s exports actually increased by US$31 billion after the West imposed trade sanctions, according to open-source intelligence calculated by Sputnik, itself based on data from Russia’s Federal Customs Service. While

Russia’s Total Export Values Increased After The West Imposed Sanctions Read More »

Russia-China Financial Logistics Being Carried Out By Smaller Regional Chinese Banks With Limited Western Business Exposure

China, Finance, Trade

Russia’s trade with China has been hampered by the impact of financial sanctions upon Russia, including not just its banks but also its SPFS payment system, which operates as an alternative to SWIFT. The United States and EU have threatened additional sanctions on any bank that conducts financial trade with Russia or connects to its

Russia-China Financial Logistics Being Carried Out By Smaller Regional Chinese Banks With Limited Western Business Exposure Read More »

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