Finance

Russia’s Globaltrans Delists From London, Relists In Astana 

Economy, Eurasian Economic Union, Finance, Investment, Trade

The major Russian cargo carrier Globaltrans is to leave the London Stock Exchange (LSE) on November 22, and has already relisted in Astana, Kazakhstan. The company is one of Russia’s largest rail transport groups, and is focused exclusively on the freight logistics sector in Russia and the Commonwealth of Independent States (CIS), providing services for […]

Russia’s Globaltrans Delists From London, Relists In Astana  Read More »

BS

Bank of International Settlements Poised To Cease Cooperation With mBridge

BRICS, China, Economy, Finance, Trade

The Basel-based Bank of International Settlements (BIS) is poised to drop cooperation with the mBridge financial settlements system, in a move that would delay the introduction of any alternative financial settlements system to SWIFT. mBridge has been developed by the Central banks in China, Thailand, Hong Kong, and the UAE, and has recently and successfully

Bank of International Settlements Poised To Cease Cooperation With mBridge Read More »

UAE Investment Fund Buys 6.86% Of Moscow Stock Exchange

BRICS, Finance, Foreign Investment, Middle East

The UAE investment company Fundament Capital Investment Management has purchased 6.86% of the shares in the Moscow Stock Exchange (MOEX), acquiring them from the American State Street Bank and Trust Company. MOEX said that Fundament Capital received 156,177,798 shares on September 30. The main shareholders of Moscow Exchange are now the Bank of Russia (11.7%),

UAE Investment Fund Buys 6.86% Of Moscow Stock Exchange Read More »

Kazan Declaration

BRICS 2024 Heads of State ‘Kazan Summit Declaration’ – Contents & Analysis

BRICS, Economy, Finance, Infrastructure, Security, Trade

The 2024 BRICS summit has concluded with a ‘Kazan Summit Declaration’, with 134 points covering 43 pages. The key topics include further development of the association, position on various global issues, sanctions, settlement of regional crises, including in Ukraine and the Middle East, in addition to a comprehensive reform of the United Nations (UN), including

BRICS 2024 Heads of State ‘Kazan Summit Declaration’ – Contents & Analysis Read More »

BRICS, Russia and Turkiye:  2024 Developments and Implications

BRICS, Economy, Finance, Infrastructure, Investment, Trade

Vladimir Putin has met with Recep Tayyip Erdogan, the President of Turkiye at the BRICS Summit in Kazan. This is what they had to say: Putin: “Once again, I would like to welcome everyone to Kazan and to repeat how much I appreciate it that you have accepted the invitation to attend the BRICS Plus/Outreach

BRICS, Russia and Turkiye:  2024 Developments and Implications Read More »

BRICS and the New Development Bank: 2024 Progress Report and Potential Expansion

BRICS, Economy, Finance, Infrastructure, Investment

The Russian President, Vladimir Putin, has met with the President of the BRICS New Development Bank (NDB), Dilma Rousseff. The NDB acts as a BRICS development platform and invests in infrastructure projects, often in the green sector, in BRICS nations. Equity investors include Algeria, Bangladesh, Brazil, China, Egypt, India, Russia, South Africa, United Arab Emirates,

BRICS and the New Development Bank: 2024 Progress Report and Potential Expansion Read More »

China Vietnam Banknotes

Chinese and Vietnamese Banks Interested In Opening Branches In Russia

China, Finance, Trade

Chinese and Vietnamese banks are interested in expanding into and opening branches in Russia, according to Anatoly Aksakov, the Chairman of the State Duma’s Financial Market Committee. Aksakov is also the head of the Association of Banks of Russia’s council. He said “Several credit organizations from China, not the top tier or largest ones, are

Chinese and Vietnamese Banks Interested In Opening Branches In Russia Read More »

Russia Proposes Intra-BRICS Grain Trading Platform

Agriculture, BRICS, Finance, Trade

Russia is suggesting to fellow BRICS countries that the organisation establishes a grain exchange system, a proposal that would give Moscow greater control over international prices for its agricultural exports. Frustrated by low global wheat prices, Russia, the world’s largest wheat exporter, has attempted to limit exports at low prices through international intermediaries. Moscow recommended

Russia Proposes Intra-BRICS Grain Trading Platform Read More »

Subscribe
Subscribe
Scroll to Top