Finance

Kazakhstan

Russia, Kazakhstan, Discuss Nuclear Cooperation and Increasing Oil/Gas Transits

Energy, Eurasian Economic Union, Exports, Finance, Trade

The Russian Deputy Russian Prime Minister Alexander Novak, Energy Minister Sergei Tsivilev and several other energy officials have been holding discussions with Magzum Mirzagaliyev, advisor to the Kazakh president, and Kazakh Energy Minister Erlan Akkenzhenov. Other officials from the Russian and Kazakh energy ministries also attended. The issues were cooperation in the nuclear and financial […]

Russia, Kazakhstan, Discuss Nuclear Cooperation and Increasing Oil/Gas Transits Read More »

Kyrgyzstan

Russian-Kyrgyz Development Fund To Increase 2025 Financing By 7.8%    

Commonwealth of Independent States, Eurasian Economic Union, Finance, Investment, Trade

The Russian-Kyrgyz Development Fund (RKDF) plans to allocate US$161 million to finance investment projects this year, the RKDF has stated. The fund’s financing amounted to US$149.3 million in 2024. The new figures mean it will increase 7.8% in 2025. During the year, US$141 million is expected to go towards direct project financing, and another US$20

Russian-Kyrgyz Development Fund To Increase 2025 Financing By 7.8%     Read More »

MIR Card

Russia’s MIR ATM Cards International Use: Update

Economy, Exports, Finance, Infrastructure, Russian Market, Trade

The Bank of Russia Chairwoman, Elvira Nabiullina has stated that Russia’s MIR card is being accepted in more countries, despite Western sanctions. She was speaking to the State Duma, the lower house of the Russian parliament. The main countries that are accepting MIR transactions are in friendly countries where Russian tourists tend to visit. Some

Russia’s MIR ATM Cards International Use: Update Read More »

Salary

Russia’s 2024 Median Salary Growth Was The Highest Since 2018

Economy, Finance, Russian Market

The Russian salary growth rate in 2024 was the highest in the past six years amid increased competition for potential workers. Overall, the median salary offered in Russia increased by 18%, from ₽65,400 in January 2024 to ₽77,200 in January 2025, according to Maria Ignatova of the Human Resources analytical agency HH Help. That equates

Russia’s 2024 Median Salary Growth Was The Highest Since 2018 Read More »

Arctic1

Russia’s RDIF Proposes Russian-International Arctic Investment Fund   

Energy, Finance, Infrastructure, Investment, Logistics & Transport, Russia's Belt & Road, Russian Market

The Russian Direct Investment Fund (RDIF) has proposed creating a new investment fund together with Russian and international development institutions, banks, pension funds and foreign partners to support the implementation of projects in the Arctic, according to Kirill Dmitriev, the RDIF CEO, and Russian Special Representative for Investment and Economic Cooperation with Foreign Countries. He

Russia’s RDIF Proposes Russian-International Arctic Investment Fund    Read More »

Okey

Another EU Listed Retailer Redomiciles To Russia  

Economy, Finance, Russian Market, Trade

Shareholders in Luxembourg’s O’Key Group have voted in favor of the company’s re-domiciliation from Luxembourg to Russia, the retailer has stated. The global depositary receipts of the Luxembourg holding company will be recognized as shares of the IPJSC at a 1:1 ratio following re-domiciliation, with the company to be registered in Kaliningrad’s’ Oktyabrsky Island Special

Another EU Listed Retailer Redomiciles To Russia   Read More »

Exports

Russia Incentivizes Exports To Friendly Countries By Offering 50% Transport Discounts   

Exports, Finance, Russia's Belt & Road, Trade

Russian exporters can now receive subsidies of up to 50% to compensate for transportation costs when exporting their products to friendly countries, according to Dmitry Kuskov, Director of the Department of International Cooperation and Licensing for Foreign Trade of the Russian Ministry of Industry and Trade. Kuskov announced this at the plenary session of the

Russia Incentivizes Exports To Friendly Countries By Offering 50% Transport Discounts    Read More »

VTB

VTB Expands Phone-Number Based, International Financial Transfer Retail Services  

Commonwealth of Independent States, Finance, Trade

Russia’s VTB bank has launched phone number-based transfers to Azerbaijan, in moves that circumnavigate the financial sanctions placed on Russian banks using the SWIFT financial transfer service. Russian retail clients can now instantly send money to Azerbaijan using the recipient’s phone number to clients of the subsidiary bank – VTB Azerbaijan. The transfer is made

VTB Expands Phone-Number Based, International Financial Transfer Retail Services   Read More »

Rubles Lira

VTB Launches QR Payment System In Turkiye, Bypasses SWIFT 

Economy, Finance, Infrastructure, Middle East, Trade

Russia’s VTB bank has launched a QR code payment system for purchases in Turkiye, with the system coming operational from March 12. About 7 million Russians visit Turkiye every year, either on holiday or in transit elsewhere. Western sanctions have restricted the use of Russian Mir cards in Turkey – The US Treasury Department’s Office

VTB Launches QR Payment System In Turkiye, Bypasses SWIFT  Read More »

Euroclear

Hong Kong Developing Alternative Clearing House After Euroclear’s Distribution Of Russian Assets 

China, Economy, Finance, Trade

Hong Kong’s Exchanges and Clearing house, which runs the Hong Kong stock market, said last week that it was working with the Hong Kong monetary authority to develop an Asian international settlement house intended to rival Belgium’s Euroclear and Luxembourg’s Clearstream. The move comes as a bid to lessen dependence on western financial infrastructure, and

Hong Kong Developing Alternative Clearing House After Euroclear’s Distribution Of Russian Assets  Read More »

Subscribe
Subscribe
Scroll to Top