Finance

Russia China

Putin-Xi, May 2024 Russia-China Summit – Announced Deals

China, Economy, Finance, Infrastructure, Logistics & Transport, Trade

The Russian President, Vladimir Putin, visited Beijing and Harbin, China last week to meet Chinese President Xi Jinping and discuss multiple issues concerning trade and mutual development. In Harbin, Putin attended the China-Russia Expo. In this article, we summarise the meetings, and discuss the numerous announced deals and developments.     Overall Impact The overall impact […]

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Russia Plans For National Economic Transition & Growth Resurgence 

Economy, Finance, Investment

Andrey Belousov, Russia’s First Deputy Prime Minister, has said that Russia has worked out a plan to transform the country’s economy by 2030. His remarks followed President Putin’s decree, also issued this week, which sets out the goals for future Russian growth until the end of the decade.  Speaking at a panel session on Wednesday

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Using The Interest On Russian Assets For Ukraine: The Details and Implications

Economy, Finance

The European Union has approved the use of Russian financial assets, currently frozen in the Belgian Euroclear account, to be sent to the “European Peace Fund” (EPF) – a body established in the EU to send funds for munitions to Ukraine. In this article we examine the agreement and the implications. Deal Structure The Russian

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Russia To Invite BRICS Countries To Form An Independent Financial System

BRICS, Economy, Finance

The Russian Ministry of Finance, together with the Central Bank and BRICS partners, will prepare a number of initiatives to create an independent international monetary and financial system. The result of this work may be, among other things, the creation of a digital settlement and payment platform “BRICS Bridge”. This was decided following a meeting

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Why Europe Isn’t Keen On Sending Money Derived From Frozen Russian Assets To Ukraine

Economy, Finance

An on-going debate has been raging in the West about using frozen Russian capital – about US$282 billion, mostly belonging to the Bank of Russia – to generate funds to give to Ukraine. Of this money, about US$6 billion is held in the United States, with the vast majority being held in Europe. Opinions on

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Half of Russia-China Financial Transactions Arranged By Third Party Brokers

China, Finance, Trade

An estimated 50% of all financial transactions conducted between Russia and China are facilitated by means of intermediaries to avoid exposure by Chinese lenders to the risk of secondary sanctions, Reuters have reported, citing trade consultants and bankers, as well as importers and exporters. In December, US President Joe Biden signed an executive order that

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