The Uzbekistan President, Shavkat Mirziyoyev has signed a decree for the country’s accession to the Eurasian Development Bank (EDB), with the country purchasing 777,777 shares in the EDB’s charter capital with a nominal value of US$1,000 each. Of these, 168,411 shares (21.7%) are paid-in, and 609,366 shares (78.3%) are to be paid upon demand. The […]
The St. Petersburg International Mercantile Exchange (SPIMEX) and Pakistan-based KMAK Group have signed a memorandum of understanding on the development of exchange trading, SPIMEX has stated, following a meeting of the Russia-Pakistan Intergovernmental Commission for trade and investment. SPIMEX stated that “Wheat is being considered as the Russian export commodity for the first transactions, and
Russia, Pakistan To Trade Wheat & Rice on the St. Petersburg Commodities Exchange Read More »
The Russian Finance Ministry is to hold negotiations in response to a request from Bahrain to conclude a Double Tax Treaty Agreement (DTA), according to Deputy Finance Minister Alexei Sazanov. Bahrain made the request in June. DTAs are useful when trade, especially in services and investment, is developing between two countries when their respective tax
The Russian company Basis LLC, a joint venture between Rostelecom, Yadro, and GS Invest that develops software for managing dynamic IT infrastructure, has reached an agreement to supply its solutions to Banif Investimento Participacoes S.A., a Brazilian provider of investment banking services. The companies signed an agreement at the Kazan Digital Week 2025 forum, which
Russian Software Developer Enters Brazilian Market Read More »
The growth rate of the Russian economy should outpace the dynamics of the global economy, President Vladimir Putin has said at a government meeting on economic issues. He stated, “It is obvious that the stability of public finances and the implementation of planned projects and programs directly depend on the state of affairs in the
Russian Growth Rate Should Outperform Global Average: Putin Read More »
The International BRICS Competition Law and Policy Centre at Russia’s Higher School of Education (HSE University) has stated that the global grain market is dominated by the largest agribusiness traders, making it economically vulnerable. BRICS countries may want to establish a grain exchange in response, with antitrust regulators invited to participate in its creation. The
Global Grain Market Dominated By MNCs:A BRICS Exchange Is Required For Security: Study Read More »
The Russian Finance Minister, Anton Siluanov, has outlined his vision for the proposed Shanghai Cooperation Organisation (SCO) Development Bank, the formation of which was discussed at the beginning of this month at the annual SCO Heads of State summit in China. The SCO includes full members Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India, Pakistan, Iran, and
The New SCO Development Bank May Compete With SWIFT: Russian Finance Minister Read More »
News that the French economy has reached a debt-to-GDP ratio of 113% and that this is expected to climb further to 125% by 2030 has alarmed economists, who are stating that these levels are unsustainable and could create serious future damage. GDP/debt ratio figures represent the percentage of debt that a country has as compared
Russia’s state-owned nuclear operator, Rosatom, is preparing to raise funds on the Chinese bond market. Rosatom, which builds nuclear power plants in Russia and abroad, is discussing the possible timing of a sale of RMB Yuan “Panda Bonds” and advise on how much it might raise. We first raised the intelligence that the offering was
Rosatom To Raise Capital On China’s Panda Bond Markets Read More »
The BRICS nations convened an emergency virtual summit yesterday (September 8), hosted by Brazilian President Lula da Silva, to discuss the situation concerning the United States imposition of trade tariffs on multiple countries including BRICS members. The meeting lasted about 90 minutes. All ten full BRICS members were present, represented by Brazilian President Lula Da
The BRICS Virtual Summit: A Dry Run For The UN General Assembly: Text & Analysis Read More »
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