Finance

Putin

President Putin’s Speech At SPIEF 2025: Key Points & Analysis

BRICS, Economy, Finance, Investment, Russian Market, Security, Trade

Vladimir Putin has given the annual plenary speech at the St.Petersburg International Economic Forum (SPIEF). The main basis for his speech was all Russian domestic policy, in which he discussed the Russian Economy, Monetary Policy, Employment, Education, Tax and Funding Policies, Tourism and Recycling, Russia’s Investment Climate, Technological Development and Funding, Digitization, Foreign Trade, Defence […]

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A7A5

Russian, Ruble-Linked A7A5 Stablecoin Services Billions Of Dollars Worth Of Trade 

China, Eurasian Economic Union, Exports, Finance, Imports, Regulatory, Russian Market, Trade

A new cryptocurrency token designed to allow cross-border payments to avoid western financial sanctions on Russia has moved some US$9.3billion on a dedicated crypto exchange in just four months since it was launched, according to the Financial Times. Described as the first stablecoin pegged to the Russian ruble, the A7A5 token was officially launched in

Russian, Ruble-Linked A7A5 Stablecoin Services Billions Of Dollars Worth Of Trade  Read More »

Indonesia-Flag

Russia-Indonesia Free Trade Agreement To Reduce 93% Of All Traded Goods Duties To Zero

Asia, BRICS, Eurasian Economic Union, Exports, Finance, Imports, Trade

Russian Deputy Industry and Trade Minister Roman Chekushov has said that the proposed Eurasian Economic Union free trade agreement with Indonesia has seen an initial preliminary agreement signed in St. Petersburg, with plans to sign the full agreement with the participation of all Eurasian Economic Union (EAEU) countries by the end of this year. He

Russia-Indonesia Free Trade Agreement To Reduce 93% Of All Traded Goods Duties To Zero Read More »

BRICS RMB

BRICS Energy Alliance Launches Petro-Yuan Contracts To Minimise US Dollar Usage

BRICS, China, Energy, Exports, Finance, Trade

The BRICS energy alliance has launched a coordinated system of Petro-Yuan (Chinese RMB Yuan currency) oil contracts that directly challenges US dollar dominance in global energy markets. The BRICS controls 46 million barrels per day of oil production and is implementing BRICS plus currency shift mechanisms through Yuan-denominated contracts, Indian Rupee – Russian Ruble swaps,

BRICS Energy Alliance Launches Petro-Yuan Contracts To Minimise US Dollar Usage Read More »

RNCB_Flag

Russia’s VTB Finalizing Legal Integration With Crimea’s National Commercial Bank

Economy, Finance, Russian Market

Russia’s VTB bank, the second largest in Russia, has finalized the legal merger of Crimea’s largest bank, the Russian National Commercial Bank, (RNCB), with integration procedures to be completed by the end of 2025, according to VTB CEO Andrei Kostin. He stated that “Completing RNCB’s integration is not just a technical step. We hold RNCB

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Indian Rupee Gaining Traction in Russia Usage

BRICS, Exports, Finance, Imports, India, Trade

A top executive at Russia’s largest bank has said he sees a growing role for the Indian rupee in the country. Aleksandr Vedyakhin, the first deputy chairman of the board of Sber, has stated that the Indian currency is popular with the bank’s individual and business clients. He said, “In Russia, Sber allows you to make transactions in rupees,

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BRICS Plus

Uzbekistan Expected To Join BRICS New Development Bank

BRICS, Commonwealth of Independent States, Finance, Trade

The board of governors of the BRICS New Development Bank (NDB) has given its consent in principle for Uzbekistan to join the bank, according to Uzbekistan’s presidential press service. Uzbek President Shavkat Mirziyoyev and BRICS New Development Bank Governor Dilma Rousseff have discussed developing collaboration and the prospects for Uzbekistan to join the NDB. Uzbekistan’s

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Tether

Russian Use Of Crypto – USDT (Tether) versus Non-USD Alternatives

Economy, Finance, Russian Market, Trade

Russians relying on cryptocurrency transactions will need to change their usage to comply with new Russian Central Bank regulations implementing new rules for foreign digital rights (FDR). These regulations, which came into effect on May 26, prohibit individuals from acquiring USDT and other unfriendly US dollar-aligned stablecoins. The alternatives would appear to be gold-backed such

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CREDIT RATING Russia

Chinese Credit Ratings Agency Gives Russian Debt A “Stable Outlook” Ranking

Economy, Finance, Russian Market

The Chinese credit ratings agency CCXI has assigned a credit rating to Russia, the first sovereign status rating given to the country since 2022. The credit rating is BBB+g, with a stable outlook. This implies that Russia is a reliable borrower and is capable of fulfilling its debt obligations. The China ratings come after the

Chinese Credit Ratings Agency Gives Russian Debt A “Stable Outlook” Ranking Read More »

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