Finance

Algeria Flag

Algeria Becomes A Member Of The BRICS New Development Bank  

Africa, BRICS, Economy, Finance, Trade

Algeria has officially become a member of the New Development Bank (NDB), a financial institution created by the BRICS group of countries. The bank’s press office announced this on Thursday, May 22. “Algeria plays an important role not only in the North African economy, but also at the global level and will certainly contribute to […]

Algeria Becomes A Member Of The BRICS New Development Bank   Read More »

Belarus

Russian Transactions On Belarus Commodity Exchange Reaches Record Highs

Exports, Finance, Trade

The value of transactions on the Belarusian Universal Commodity Exchange (BUCE) conducted by Belarusian and Russian producers increased 3.4-fold in 2024, while it grew 20% year-on-year in January-April 2025, according to Herman Puzyrny, the deputy head of BUCE’s Foreign Economic Activity Department. Puzyrny said that “Russia traditionally ranks first in trade volume among all countries

Russian Transactions On Belarus Commodity Exchange Reaches Record Highs Read More »

IPO

Sberbank Proposes C-Type Accounts Foreign Investment Participation In Russian IPOs

Economy, Finance, Infrastructure, Russian Market, Trade

Sberbank has proposed allowing foreigners to invest in Russian Initial Public Offerings (IPO) with money held in their C-type accounts, with purchased shares and dividends subsequently credited to these same accounts. A C-type account is a foreign owned bank account in Russia, which holds frozen income on securities owned by “unfriendly” foreign investors. This money

Sberbank Proposes C-Type Accounts Foreign Investment Participation In Russian IPOs Read More »

Qualified-Investor

Russia Sets Qualified Investor Minimum Investor Income At US$150,000

Economy, Finance, Russian Market, Trade

The Central Bank of Russia has set the minimum annual income threshold for obtaining the status of a Qualified Investor at ₽12 million (@US$150,000) according to Mikhail Mamuta, Head of the Russian regulatory body for the Protection for Consumer Rights and Ensuring the Availability of Financial Services. He was speaking on the sidelines of the

Russia Sets Qualified Investor Minimum Investor Income At US$150,000 Read More »

Dubai

Dubai accepts Crypto

Economy, Finance, Trade

Dubai has been building its crypto credentials for several years and sees itself as a Middle East crypto hub. In March 2022, it established VARA, calling it the world’s first independent crypto regulator, and has awarded licenses to exchanges including Binance and OKX. It also initiated a metaverse strategy aiming to attract 1,000 metaverse and

Dubai accepts Crypto Read More »

Gastro Tour Crimea

Russia, and creating an Association of Ethno-Gastronomic Tourism within BRICS

Economy, Finance

We live in an era where travel enthusiasts increasingly seek authentic and immersive experiences, gastronomic tourism has emerged as a unique avenue for exploring the culture and traditions of a destination through its food. As a result, the concept of gastronomic tourism has gained traction over the years, shaping how people view global culinary scenes,

Russia, and creating an Association of Ethno-Gastronomic Tourism within BRICS Read More »

Primorye

Chinese Investors Looking At Financing Russian Far East Logistics Complex 

China, Finance, Foreign Investment, Infrastructure, Trade

Chinese investors plan to build a trade and logistics complex, an industrial park of building materials and a plant for the production of metal structures in Primorsky Krai, with a total investment amount of about ₽2.7 billion (US$33 million), according to the Corporation for the Development of the Far East and the Arctic (KRDV). The

Chinese Investors Looking At Financing Russian Far East Logistics Complex  Read More »

RMB Down

Russian Central Bank Warns Of Domestic Risks Over US-China Tariff Wars 

Economy, Finance, Russian Market, Trade

A potential consequence of tariff wars triggered by the new U.S. administration’s decisions for Russian businesses could be the weakening of the Chinese RMB Yuan, and consequently increased competitiveness of Chinese manufacturers in foreign markets, including Russia, Kirill Tremasov, an advisor to the Central Bank of Russia’s governor has stated. Tremasov said that “One possible

Russian Central Bank Warns Of Domestic Risks Over US-China Tariff Wars  Read More »

Kaliningrad

EU loses Another Listed Company To Russian Domiciliation  

Economy, Finance, Russian Market, Trade

The European Union has lost another listed company to Russian domiciliation as video analytics solutions developer NtechLab has completed redomiciliation from Cyprus to the Kaliningrad Region Special Administrative District. The entity will be known as IPJSC NTK. N-Tech.Lab LTD owns NtechLab’s main operational legal entity in Russia – NTech Lab LLC, which is a world

EU loses Another Listed Company To Russian Domiciliation   Read More »

Dollar

Russian De-Dollarisation Has Increased To 79.8%; Trade With The West Declines To 15% Of The 2024 Total

Economy, Finance, Russian Market, Trade

The policy of de-dollarizing the Russian economy has been boosted over the past three years, mainly as an obvious reaction to US dollar sanctions being placed upon the country. Russian Deputy Prime Minister Alexei Overchuk said at the Federation Council that Russia has effectively completed a transition to settlements in national currencies: by the end

Russian De-Dollarisation Has Increased To 79.8%; Trade With The West Declines To 15% Of The 2024 Total Read More »

Subscribe
Subscribe
Scroll to Top